Paramount+ plans price increases as it hits 56 million subscribers
Publishing timestamp: 2023-02-16 10:27:30
Summary
Paramount Global reported a 7% decline in revenue for the fourth quarter, due to a weak advertising market. However, the streaming business saw an increase of 4%, and the company added 9.9 million Paramount+ subscribers. The company plans to increase prices for Paramount+ this year, and CEO Bob Bakish said the company is relying on its franchises across TV and film, as well as its sports and general entertainment strategy.
Sentiment: POSITIVE
Tickers: PARA, FOXA, DIS, WBD,
Keywords: earnings, business news, warner bros discovery inc, walt disney co, entertainment, fox corp. class a, paramount global, media,
Source: https://www.cnbc.com/2023/02/16/paramount-plans-streaming-price-increases.html