Paramount+ Streaming Service Nears 33 Million Subscribers

Bloomberg Markets and Finance published this video item, entitled “Paramount+ Streaming Service Nears 33 Million Subscribers” – below is their description.

ViacomCBS shares are down Wednesday after the media company reported adjusted earnings per share from continuing operations for the fourth quarter that missed the consensus estimate. While analysts see a positive from strong subscriber growth for its streaming-video services, they also note the transition to streaming will weigh on profits. ViacomCBS also announced yesterday it’s changing its name to Paramount Global. Bloomberg’s Guy Johnson & Kailey Leinz spoke to Paramount President & CEO Bob Bakish to discuss the company’s earnings.

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In This Story: ViacomCBS

ViacomCBS Inc. (NASDAQ: VIAC) is an American diversified multinational mass media conglomerate and formed through the merger of CBS Corporation and the second incarnation of Viacom on December 4, 2019, which were split from the first incarnation of Viacom in 2006.

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