ViacomCBS Revenue Heads North, Content Turns South

Big News: The creators of “South Park” have signed one of the largest deals in TV history.

Key details for South Park + ViacomCBS deal:
1) 6 years (2021-27)
2) $900M+ in value
3) 14 made for streaming movies (2 per year)

Why this matters: With this move, ViacomCBS is bulking up on content for Paramount+ and Pluto TV.

ViacomCBS streaming ad revenue (YoY growth):
1) 2020-Q2 – $248M
2) 2021-Q2 – $502M (↑ 102%)

ViacomCBS streaming subscription revenue (YoY growth):
1) 2020-Q2 – $265M
2) 2021-Q2 – $481M (↑ 82%)

More: Can Paramount+ Build a Streamer Worthy of Its Golden-Era Studio Legacy?

The post ViacomCBS Revenue Heads North, Content Turns South appeared first on Cross Screen Media.