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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The Briefing Media/Telecom Markets
Ultrafast Wars Raise Risk of Investor Injury
Wandering around Manhattan has lately become a not-so-fun exercise in dodging the stream of bicycles ridden ferociously by delivery couriers, a population that is growing with the proliferation of ultrafast grocery-delivery services. DoorDash’s announcement on Monday that it is jumping into the ultrafast fray suggests that the danger of severe injury may be about to increase. But it may be...
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