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Streaming Profitability

All articles tagged with #streaming profitability

business1 year ago

"Paramount CEO Urges Cost Management Amid Layoffs and Acquisition Speculation"

Paramount Global CEO Bob Bakish emphasized earnings growth as the key priority for 2024 and outlined three strategies to achieve it, including focusing on streaming profitability, maximizing impactful content, and leveraging the collective power of the company. He urged staff to prioritize managing costs and execution amid deal chatter, while acknowledging industry challenges such as a soft ad market and the evolving streaming business landscape.

via Hollywood Reporter|
#business#ceo-bob-bakish#earnings-growth
entertainment2 years ago

CBS Renews Stephen Colbert's Contract to Host 'The Late Show' Through 2026

CBS head George Cheeks expressed hope for a compromise in ongoing negotiations with the Writers Guild of America, as the strike enters its second month. Cheeks also discussed the impact of streaming profitability on content investments and the potential sale of a majority stake in BET. He also announced that Stephen Colbert's contract as host of The Late Show has been extended for another three years.

via Hollywood Reporter|
#entertainment#george-cheeks#hollywood-labor
business2 years ago

Warner Bros. Discovery's Q1 Loss Narrows with Streaming Profitability

Warner Bros Discovery reported a wider-than-expected loss in Q1 due to tough comparisons with the year-ago period, but noted a "meaningful turn" toward streaming profitability, with streaming posting $50 million in EBITDA after several quarters of losses. The company now expects the streaming operation to become profitable in the US on a full-year basis in 2023, a year earlier than expected. The company is carrying significant debt, but promised investors $4 billion in cost savings from the merger of WarnerMedia and Discovery.

via Deadline|
#business#cost-savings#hbo-max