{"id":552723,"date":"2023-02-16T19:50:00","date_gmt":"2023-02-16T16:50:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/paramount-ceo-general-entertainment-clearly-makes-sense-for-us-as-disney-backs-away\/"},"modified":"2023-02-16T19:50:00","modified_gmt":"2023-02-16T16:50:00","slug":"paramount-ceo-general-entertainment-clearly-makes-sense-for-us-as-disney-backs-away","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/paramount-ceo-general-entertainment-clearly-makes-sense-for-us-as-disney-backs-away\/","title":{"rendered":"#Paramount CEO: \u201cGeneral Entertainment Clearly Makes Sense For Us\u201d As Disney Backs Away"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a35abde1cd1e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a35abde1cd1e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/paramount-ceo-general-entertainment-clearly-makes-sense-for-us-as-disney-backs-away\/#Paramount_CEO_%E2%80%9CGeneral_Entertainment_Clearly_Makes_Sense_For_Us%E2%80%9D_As_Disney_Backs_Away\" >Paramount CEO: \u201cGeneral Entertainment Clearly Makes Sense For Us\u201d As Disney Backs Away<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Paramount_CEO_%E2%80%9CGeneral_Entertainment_Clearly_Makes_Sense_For_Us%E2%80%9D_As_Disney_Backs_Away\"><\/span>Paramount CEO: \u201cGeneral Entertainment Clearly Makes Sense For Us\u201d As Disney Backs Away<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Asked whether Disney\u2019s move away from \u201cundifferentiated\u201d <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> entertainment programming has any impact on Paramount Global, CEO Bob Bakish said the platform already stands out in the field because of its offerings, which include Paramount films, CBS programming, Nickelodeon shows and franchises.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cDifferentiation matters and the general entertainment space may not make sense for everyone. But general entertainment clearly makes sense for us,\u201d Bakish told LightShed Partners analyst Rich Greenfield on the company earnings call Thursday.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    The question came after Disney CEO Bob Iger said his company was going to be \u201cfairly aggressive at better curation when it comes to general entertainment\u201d on the company\u2019s Feb. 8 earnings call, as Disney looks to hit $3 billion in future content cost savings.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cBecause when you think about it, general entertainment is generally undifferentiated as opposed to our core franchises and our brands, which, because of their differentiation and their quality, have delivered higher returns for us over the years,\u201d Iger told investors.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Those comments also sparked questions about whether Disney would seek to sell Hulu, an option that Iger implied Disney was considering, after saying on CNBC on Feb. 9 that \u201ceverything is on the table.\u201d Paramount Global was also asked by Greenfield if it would consider buying Hulu during the call Thursday, but executives did not answer the question.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    In response to the question on its general entertainment emphasis, Bakish spoke to Paramount Global\u2019s record quarter user gain, with the company reaching more than 77 million subscribers at the end of 2022, up from 67 million in the prior quarter. The subscriber growth was driven by the NFL, hits such as <em>Yellowstone<\/em> and <em>Top Gun: Maverick<\/em> and <em>1923<\/em>, CBS entertainment and new franchises such as <em>Tulsa King<\/em> and <em>Smile<\/em>, according to Paramount.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    However with the growth came increased spending, as Paramount saw its fourth-quarter income swing to a loss from the prior quarter, while outlining 2023 as its peak investment year for streaming, with a forecast of negative free cash flow.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Earlier on the earnings call, Bakish said Paramount would be looking to \u201cefficiently manage\u201d the company\u2019s content spending. Part of that will come from its integration with Showtime, which is expected to bring $700 million of future annual expense savings. However, Bakish said the company will also be focusing on franchises, which bring in higher engagement with lower acquisition costs, while taking \u201cselective swings\u201d on new IP.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cOur multi-platform strategy and franchise focus ensure we can build a differentiated content slate and simultaneously create a compelling content ROI. So again, general entertainment, it totally works for us, in general with streaming, and maybe we\u2019re different because of our asset composition strategy, but we\u2019re leaning into it,\u201d Bakish said.\u00a0<\/p>\n<\/p><\/div>\n<p><script type=\"text\/plain\" class=\"optanon-category-C0004\">\n!function(f, b, e, v, n, t, s) {\nif (f.fbq) return;\nn = f.fbq = function() {n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);};\nif (!f._fbq) f._fbq = n;\nn.push = n;\nn.loaded = !0;\nn.version = '2.0';\nn.queue = [];\nt = b.createElement(e);\nt.async = !0;\nt.src = v;\ns = b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t, s);\n}(window, document, 'script', 'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '352999048212581');\nfbq('track', 'PageView');\n<\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more Like this articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/social-media\/\" target=\"_blank\" rel=\"noopener\">Social Media category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.hollywoodreporter.com\/business\/business-news\/paramount-disney-entertainment-franchises-1235327695\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paramount CEO: \u201cGeneral Entertainment Clearly Makes Sense For Us\u201d As Disney Backs Away Asked whether Disney\u2019s move away from \u201cundifferentiated\u201d general entertainment programming has any impact on Paramount Global, CEO Bob Bakish said the platform already stands out in the field because of its offerings, which include Paramount films, CBS programming, Nickelodeon shows and franchises&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":552724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2023\/02\/GettyImages-1182745747.jpg?w=1024","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[134879],"class_list":["post-552723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-mediaa","tag-paramount-global"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/552723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=552723"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/552723\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/552724"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=552723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=552723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=552723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}