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Paramount Adds 3.5M Streaming Subs in Q3 Crimped by TV, Movie Declines

Variety
Story by Brian Steinberg
from Variety
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scrn logline
Paramount adds 3.5M streaming subs but TV and movie declines drag down overall Q3 revenue.
beat sheet
  • Paramount+ gained 3.5M new subscribers, but the company's legacy TV and film businesses saw significant declines, putting a damper on the streaming success.
  • Paramount Global CEO Bob Bakish said the company is 'accelerating transformation' to focus more on streaming, signaling a major strategic shift for the media giant.
call sheet
Bob Bakish, Paramount Global, CBS, Paramount, Comedy Central
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