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The Future of Paramount+
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<blockquote data-quote="Henadic Theologian" data-source="post: 9031855" data-attributes="member: 7030526"><p>Okay so alot of folks have been like they can't afford to do Legacy, they are trying to cut streaming costs, or even they will have to sell Paramount+ its losing so much money.</p><p></p><p> First off unlike Disney, Hulu, and Netflix Paramount+ is still rapidly growing. Secondly a massive Streaming expense was merging Paramount+ and Showtime, thirdly they cut the dividend to pay off debt faster, fourthly with the writers strike, their production costs are lower for now because they are making little to nothing, but still aren't losing subscribers and its allowing them out of bad business deals.</p><p></p><p> Also they pan to cut costs by moving more shows over seas amd changing formats.</p><p></p><p> <a href="https://www.google.com/amp/s/www.hollywoodreporter.com/business/business-news/paramount-global-first-quarter-streaming-loss-subscribers-1235479575/amp/" target="_blank">Paramount Streaming Loss Widens to $511M as Paramount+ Hits 60M Subs</a></p><p></p><p>Second of all there is a bidding war for majority control of BET between various black celebrities and institutions, which will net Paramount billions. BET includes BET, BET+, and VH1</p><p></p><p> <a href="https://www.bloomberg.com/news/articles/2023-05-24/tyler-perry-50-cent-diddy-are-vying-for-paramount-global-s-bet-network#xj4y7vzkg" target="_blank">Bloomberg - Are you a robot?</a></p><p></p><p> They are trying to sell Simon and Schuster again after the Justice Department blocked the previous attempt. Its worth billions too.</p><p></p><p>[URL unfurl="true"]https://www.google.com/amp/s/fortune.com/2023/05/04/simon-schuster-up-for-sale-again-paramount-penguin-random-house-doj/amp/[/URL]</p><p></p><p>Further proof that you shouldn't bet against Paramount, massive investment bumps its low stock back up.</p><p>[URL unfurl="true"]https://www.google.com/amp/s/www.cnbc.com/amp/2023/05/26/paramount-shares-pop-after-bdt-capital-bets-on-the-media-giants-key-shareholder.html[/URL]</p><p></p><p> Also in Star Trek's case they have so much help over the years paying for it, that it really didn't cost that much for its size and scale.</p><p></p><p> Paramount is going to be the home of Star Trek (which is doing alot better then Star Wars), D&D movie & series, that Yellowstoneverse, Fatal Attraction, True Lies, etc..., they are way more competitive going forward then many expect.</p></blockquote><p></p>
[QUOTE="Henadic Theologian, post: 9031855, member: 7030526"] Okay so alot of folks have been like they can't afford to do Legacy, they are trying to cut streaming costs, or even they will have to sell Paramount+ its losing so much money. First off unlike Disney, Hulu, and Netflix Paramount+ is still rapidly growing. Secondly a massive Streaming expense was merging Paramount+ and Showtime, thirdly they cut the dividend to pay off debt faster, fourthly with the writers strike, their production costs are lower for now because they are making little to nothing, but still aren't losing subscribers and its allowing them out of bad business deals. Also they pan to cut costs by moving more shows over seas amd changing formats. [URL='https://www.google.com/amp/s/www.hollywoodreporter.com/business/business-news/paramount-global-first-quarter-streaming-loss-subscribers-1235479575/amp/']Paramount Streaming Loss Widens to $511M as Paramount+ Hits 60M Subs[/URL] Second of all there is a bidding war for majority control of BET between various black celebrities and institutions, which will net Paramount billions. BET includes BET, BET+, and VH1 [URL='https://www.bloomberg.com/news/articles/2023-05-24/tyler-perry-50-cent-diddy-are-vying-for-paramount-global-s-bet-network#xj4y7vzkg']Bloomberg - Are you a robot?[/URL] They are trying to sell Simon and Schuster again after the Justice Department blocked the previous attempt. Its worth billions too. [URL unfurl="true"]https://www.google.com/amp/s/fortune.com/2023/05/04/simon-schuster-up-for-sale-again-paramount-penguin-random-house-doj/amp/[/URL] Further proof that you shouldn't bet against Paramount, massive investment bumps its low stock back up. [URL unfurl="true"]https://www.google.com/amp/s/www.cnbc.com/amp/2023/05/26/paramount-shares-pop-after-bdt-capital-bets-on-the-media-giants-key-shareholder.html[/URL] Also in Star Trek's case they have so much help over the years paying for it, that it really didn't cost that much for its size and scale. Paramount is going to be the home of Star Trek (which is doing alot better then Star Wars), D&D movie & series, that Yellowstoneverse, Fatal Attraction, True Lies, etc..., they are way more competitive going forward then many expect. [/QUOTE]
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