(Bloomberg) — Streaming video is the media world’s new favorite playing field, and ViacomCBS Inc. wants investors to remember it’s in the game.The entertainment company rose in premarket trading after highlighting growth in its streaming business as a bright spot last quarter. Its two pay services, CBS All Access and Showtime, now have more than 16 million combined subscribers. ViacomCBS’s free service, Pluto TV, has more than 33 million users worldwide.The shares gained as much as 5.6% to $27.45 in New York trading Thursday. They were down 38% this year through Wednesday.In a call with analysts, ViacomCBS said it expects …read more
Source:: Yahoo Finance
