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Paramount+ plans price increases as it hits 56 million subscribers - TL;DR CNBC

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: PARAFOXADISWBD

Keywords: earningsbusiness newswarner bros discovery incwalt disney coentertainmentfox corp. class aparamount globalmedia

Source: https://www.cnbc.com/2023/02/16/paramount-plans-streaming-price-increases.html


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