ViacomCBS beats on revenue, nearly hits annual streaming subscriber target

The company said its domestic streaming services, CBS All Access and Showtime, had 17.9 million subscribers at the end of the third quarter. CBS All Access, which benefited from strong demand for sports content, and Showtime OTT, with shows like “The Chi” and “Billons”, had significant growth in sign-ups both sequentially and year-over-year, the company said. ViacomCBS competes in an increasingly crowded U.S. video streaming market with dominant players like Netflix, which has over 195 million paid subscribers globally, and Walt Disney Co’s streaming services, including Disney+, Hulu and ESPN+, which has over 100 million global customers, as …read more

Source:: Yahoo Finance


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