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entertainment media/telecom

ViacomCBS To Spend $2 Billion on Content to Grow Streaming Services

By
Jessica Toonkel
· · Source: The Information

ViacomCBS’s spending on content for its streaming services will double this year to $2 billion as it seeks to expand its recently launched Paramount+ flagship service, the company said today as it reported third quarter earnings. By 2024, however, ViacomCBS plans to more than double that spending to $5 billion. ViacomCBS said its portfolio of streaming services, including Showtime, added 4.1...

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