Paramount's Q4 revenues were relatively stable at $8.1 billion, a 2 percent increase, with record subscriber gains at Paramount+, while ad revenues fell in its TV media segment.
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Paramount is merging its Showtime and MTV Entertainment Studios teams as the premium cable network prepares to be integrated into Paramount+.
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Paramount+ has entered an exclusive partnership with Delta Air Lines to offer a free trial of the Paramount+ Premium service to Delta SkyMiles members on planes originating in the U.S.
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Paramount+ has partnered with British Airways to launch a dedicated channel on the airline’s entertainment platform for long-haul international flights.
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Despite delivering gains in overall revenues and streaming customers, Paramount saw its Q3 profit drop to $231 million from $538 million on revenues that were 5 percent higher at $6.9 billion.
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The president and CEO discusses the company’s multiplatform approach, satisfying viewers and advertisers, selling content to third parties, the concept of scale in today’s market and more.
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Revenues at Paramount rose by 19 percent to $7.8 billion in the second quarter, driven by significant gains in its direct-to-consumer and filmed entertainment divisions.
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