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Paramount Co-CEO Chris McCarthy Feels Good About Paramount+’s Position “To Remain A Standalone”
“We feel good about our position and our ability to remain a standalone.” That was Paramount Co-CEO Chris McCarthy‘s update on the status of Paramount+, delivered on this morning’s third-quarter earnings call. His comment came after an analyst asked whether a strategic partner was still being sought for Paramount+. The company has openly acknowledged exploring […]
Streaming was a bright spot in Paramount’s quarter, with direct-to-consumer revenue climbing 10% and Paramount+ adding 3.5M subscribers to reach 72M, making it the fourth-largest global SVOD streamer. McCarthy told Wall Street analysts on an August call that the company has received “ lots of interest from many different partners” in a potential joint streaming venture. A 600-plus-page SEC filing this week disclosed that prior to the announcement of the Skydance merger this past summer, Paramount held talks with Comcast about a possible joint venture between the two OTT services.
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