I figure him or Byron Allen (who's also in the running) will make a bunch of 10/90 shows which they both basically pioneered along with Debar-Mercury. That is 10 episodes and if there's a decent amount of viewers immediately turn out 90 more episodes, so it's guaranteed to turn a profit. It will be content, but it may not be good content.
I know it sounds like a swipe, but cable is basically dead. That's why Paramount have no problems with teaming up with someone else. By dead, I mean, it's something only older people still subscribe to. No one really wants to put money into it anymore. If it isn't cheap, or a way to nudge people into subscribing to streaming, most media companies aren't trying to fund it.
BET is part of the Paramount Plus app too. So either way they get paid for content. The numbers look right to me.
Access live TV shows, sports events like NFL games, and over 12,000 on demand CBS episodes without any delays in programming with CBS All Access
www.paramountplus.com
Paramount Streaming (formerly Viacom CBS streaming services) including Paramount+ (also known as Paramount Plus), have 77 million global subscribers.
Paramount’s streaming services generated $1.4 billion in revenue during the fourth quarter of 2022.
It’s estimated that the Paramount Plus app was downloaded 277,184 times in its first five days on the app store.
Of those global downloads, roughly 241,140 came from the United States.
2.7 million new subscribers signed up for Paramount Plus over Q3 of 2022.
Paramount+ revenue grew by 81% between 2021 and 2022.
www.hollywoodreporter.com
