ViacomCBS signs Comcast to deliver Paramount + in Europe

ViacomCBS Inc. added 6.5 million streaming subscribers across the platform in the second quarter to Comcast Corp. Announced a partnership with SkyTV unit and said it has delivered the Paramount + service to several European markets.

The company, which owns cable channels such as CBS Broadcast Network, Paramount Studios, MTV and Comedy Central, said revenues increased 8% to $ 6.56 billion this quarter. Take advantage of streaming video gain And advertising sales.

Viacom’s operating income fell 2%, partly due to lower costs associated with Paramount + and lower licensing revenues compared to the previous year, when there was significant profit from licensing “South Park” to WarnerMedia. That’s $ 1.23 billion.

The deal with Comcast will allow subscribers to Comcast’s Sky Cinema service to use Paramount + for free in Sky markets such as the UK, Switzerland, Italy and Germany, the company said. The agreement also extends the contract to carry Viacom CBS channels on Sky’s pay-TV system.

Last month’s Wall Street Journal coverage Comcast CEO Brian Roberts met with ViacomCBS Chairman Shari Redstone and ViacomCBS CEO Bob Bakish to discuss how the two companies can work together in the international market.

ViacomCBS signs Comcast to deliver Paramount + in Europe

Source link ViacomCBS signs Comcast to deliver Paramount + in Europe

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