As Paramount Global prepares for a change in ownership, it is also confronting the realization setting in at all traditional media companies: Direct-to-consumer streaming is hard.
On a quarterly earnings call this month, management essentially acknowledged as much, though flagship service Paramount+ showed a small profit and is projected to be in the black for the full year in 2025.
Even so, as part of a broader push to slash costs, the company is exploring a wide range of strategic options for the outlet, which has 68 million subscribers.
Co-CEO Chris McCarthy told Wall Street analysts on the call that the company has received “lots of interest from many different partners” in a potential joint streaming venture.
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