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...
ViacomCBS To Spend $2 Billion on Content to Grow Streaming Services
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TikTok CEO Goes to Washington With a Disparate Band of Allies
TikTok is one of the most popular entertainment services in the U.S., used monthly by nearly half of the population. Yet as the app battles for its life, it has remarkably few allies to provide support. Even those that directly benefit from TikTok, such as music labels and creators, have mixed feelings about TikTok, largely because they say it doesn’t pay its partners enough. That’s...
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