Showtime to combine with Paramount+, rebrand with new name
Publishing timestamp: 2023-01-30 17:10:35
Summary
Paramount Global is integrating Showtime's streaming service into its streaming platform Paramount+, which will be rebranded as Paramount+ with Showtime. Pricing for the combined service has yet to be announced. This move is part of media companies' efforts to make their streaming businesses profitable in the face of increased competition. Executive David Nevins has departed and Chris McCarthy and Tom Ryan have taken over.
Sentiment: POSITIVE
Tickers: PARA, DIS, WBD, NFLX,
Keywords: walt disney co, paramount global, netflix inc, media, warner bros discovery inc, business news, entertainment, business,
Source: https://www.cnbc.com/2023/01/30/showtime-paramount-plus-merge-new-name.html