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