Warner Bros. Discovery sues Paramount over 'South Park' streaming rights
Publishing timestamp: 2023-02-24 17:42:23
Summary
Warner Bros. Discovery filed a lawsuit against Paramount on Friday, seeking hundreds of millions of dollars for what it believes was a breach of contract for exclusive streaming rights to "South Park". Paramount denied the claims, saying they are "without merit" and that they are still adhering to the contract. The lawsuit comes as streaming services are vying for subscribers and looking to reach profitability in the near future. Warner Bros. Discovery reported a big loss in its quarterly earnings, while Paramount said its streaming service, Paramount+, hit 56 million subscribers in its most recent quarter.
Sentiment: MIXED
Keywords: paramount global, business news, entertainment, business, lawsuits, media, laws, warner bros discovery inc,