"Our legacy business powers our transformation, and our transformation enhances and expands our legacy."—Shari Redstone
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We anticipate reaching 100M subscribers by 2024. This is an increase from the 65-75M we shared last year & signals our conviction that the consistent execution of our strategy will deliver performance.
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In 2022, @paramountplus will expand to some of the world's biggest markets, with customized go-to-market plans for each region. By the end of Q2, we'll launch in the UK, South Korea & the Caribbean. By the end of the year, we'll add Italy, Germany, France, Switzerland & Austria.pic.twitter.com/Fwmdv1u80H
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Last year, we closed deals with T-Mobile in the U.S. and Sky in Europe. And now, we're proud to announce a new partnership with CANAL+ Group, France's largest provider, giving CANAL+ Group subscribers immediate access to Paramount+.
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Across our streaming services and SkyShowtime, we'll be in more than 60 markets by the end of 2022, with more than 60 partners.
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In 2023, we'll focus on bringing Paramount+ to every region of the world—across Asia, Africa, and the Middle East.
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We're also continuing to innovate, making it easier for viewers to find content to love. For example: we launched 20 linear genre and franchise channels on
@paramountplus. People who use the feature spend 40% more time on the service than they were before.Show this thread -
We're helping subscribers access even more of our streaming services in the Paramount+ app. Starting this summer,
@paramountplus users can add a@Showtime subscription as a simple, in-app upgrade.Show this thread -
We'll see you at
@paramountplus for the latest on the new content coming to the service.#VIACInvestorEventShow this thread -
In the final part of
#VIACStreamingEvent, we'll share a few highlights from our Q4 results and recap the remarkable year we've had in streaming. For more details: https://viacbs.co/3gPUuxH$VIACShow this thread -
In Q4, our overall company revenue grew 16% to $8B, reflecting growth across all types of revenue. Streaming revenue was up 48% YoY, fueled by strength in subscription and advertising.pic.twitter.com/4hoc6kcbed
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We had a RECORD-SETTING quarter for global streaming subscriber growth, reaching 56M+.
@paramountplus drove the majority of new subs.@Showtime also had a record quarter of adds. Plus,@PlutoTV delivered its biggest quarter of MAU growth, reaching 64M+.$VIACpic.twitter.com/jJDAGU40Z9
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Less than a year since the launch of Paramount+, our content, marketing, and distribution engines drove explosive growth, adding more than 26M global streaming subscribers across our platforms in 2021.
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Our growth relies on great content that attracts and retains a broad base of subscribers. This quarter, subscriber growth was driven by hit originals like
#1883TV
, Mayor of Kingstown, #DexterNewBlood
, @CliffordMovie, and#Yellowjackets.$VIACpic.twitter.com/neyUs8RZb5
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To improve the visibility of our streaming growth and highlight the profitability of our traditional business, we're updating our financial disclosures to include three new segments: TV Media, Filmed Entertainment, and Direct-to-Consumer.
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Our broad approach to streaming is unique in 3 ways: we have a combo of subscription & advertising revenue; our distribution strategy combines streaming & traditional cable; and we can leverage content investments across our platforms.
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We expect to surpass our goal of 65-75M global streaming subscribers by the end of 2022—two years ahead of schedule. Today, we are raising our goal to over 100M global DTC subscribers by year-end 2024.
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That's a wrap! Thanks for following along. For a full recap of everything announced during our
#VIACInvestorEvent, click:https://viacbs.co/3gQcWGtShow this thread
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