What challenges does Paramount face in the film business due to COVID?
ViacomCBS Enters Streaming War With Paramount+ Service
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The transcript discusses Viacom's rebranding to Paramount Plus, highlighting the addition of new content and the company's strategy in the film industry. Despite the impact of COVID-19 on film releases, Paramount is optimistic about its future slate. The focus is on leveraging Paramount Plus to bring new films to streaming after a short theatrical window, balancing theater and streaming experiences. The model is considered sustainable, benefiting talent, theaters, and the company.
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What does the CEO believe about the sustainability of their streaming model?
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