ViacomCBS unveiled a slew of new news Tuesday during an investor day presentation that followed the release of the company’s fourth-quarter earnings.The event, which featured executives including Shari Redstone and Bob Bakish, kicked off with the news of a rebrand of ViacomCBS to Paramount Global, with the newly monikered company’s shares to trade on the Nasdaq as PARAA (Class A common), PARA (Class B common) and PARAP (Preferred Stock) beginning Thursday.The name change dovetailed into programming news mostly surrounding the bolstering of the company’s flagship streaming service Paramount+, including that it will integrate its sibling Showtime into a streaming bundle; become the streaming home for all new Paramount Pictures movies in the U.S.
following their theatrical runs beginning in 2024; and that it will expand further overseas via a new partnership with Canal+ Group in France, putting it in more than 60 markets across the UK, Latin America, Canada, Australia, South Korea, the Caribbean and all major European markets in Europe by the end of this year.Bakish said that the push is allowing the company to target more than 100 million subscribers overall and $9 billion in direct-to-consumer revenue by 2024.Here’s a list of the new programming revealed today, per Paramount:MOVIESA Quiet Place Part III: The third installment, from John Krasinski, is confirmed for theatrical debut in 2025.Sonic the Hedgehog: The first-ever original live-action Sonic series, featuring the character Knuckles, voiced by Idris Elba, is in development to debut on Paramount+, setting up the third film installment in the flagship film franchise.SpongeBob SquarePants: A further expansion of the SpongeBob universe is coming exclusively to
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