Gains in affiliate and streaming revenues at ViacomCBS in Q2 helped to partially offset a 27-percent drop in advertising revenues due to the COVID-19 pandemic.

ViacomCBS Networks International will launch an SVOD service internationally beginning in early 2021 delivering content from all of its brands.

Overall revenues at Discovery, Inc. fell by 12 percent to $2.5 billion in the second quarter, with net income dropping by 71 percent to $271 million.

With its parks largely shuttered and movie theaters closed due to COVID-19, The Walt Disney Company reported a third-quarter loss of $4.7 billion on revenues that were down 42 percent to $11.8 billion.

Despite a reduction in revenues, operating income at Sony Pictures Entertainment in Q1 rose to $233 million.

The number of SVOD subscriptions worldwide rose by 28 percent in 2019, according to Digital TV Research.

Second-quarter revenues at NBCUniversal fell by 25.4 percent to $6.1 billion, while overall revenues at parent company Comcast Corporation were down 11.7 percent to $23.7 billion.

Part one of the APOS 2020 Virtual Series included insights from ViacomCBS’s Bob Bakish, Raine’s Joe Ravitch, Disney's Uday Shankar, Discovery’s JB Perrette, VICE’s Nancy Dubuc, Nine’s Hugh Marks, iQiyi’s Yang Xianghua and Viu’s Janice Lee, among many others.

Zenith forecasts that global adspend will drop by 9.1 percent this year due to the coronavirus, with the global pandemic also accelerating the shift toward digital advertising.

Speaking at the APOS 2020 Virtual Series, Nine Entertainment CEO Hugh Marks discussed the gains the company has seen in its BVOD and SVOD businesses and weighed in on how COVID-19 has significantly impacted the sports rights market.