ViacomCBS Inc. will rebrand its streaming service “Paramount+” early subsequent 12 months and add unique collection to its lineup, aiming to carve out a bigger share of the net viewing market.
The corporate plans to show its U.S. platform, at present known as CBS All Entry, into a worldwide streaming service, in line with a press release Tuesday. After a foray into Australia, Latin America and the Nordic international locations in 2021, Paramount+ will roll out to extra worldwide markets.
The relaunch will embody a brand new slate of Paramount+ packages, resembling “The Supply,” a present that appears on the making of “The Godfather,” and “Lioness,” a CIA drama from the creator of “Yellowstone.”
The brand new title is an try to parlay ViacomCBS’s Paramount studio model right into a streaming enterprise with broader enchantment. The CBS community, although extensively watched, is related to an older viewers — and doesn’t resonate as a lot outdoors the U.S.
“Paramount is an iconic and storied model beloved by shoppers everywhere in the world, and it’s synonymous with high quality, integrity and world-class storytelling,” ViacomCBS Chief Government Officer Bob Bakish mentioned within the assertion.
Viacom, the proprietor of cable networks resembling MTV and Nickelodeon, merged with CBS on the finish of final 12 months — becoming a member of collectively two companies lengthy beneath management of the Redstone household. Together with Showtime on-line subscribers, the corporate’s streaming customers topped 16 million in essentially the most just lately reported quarter.
Although CBS was a pioneer among the many U.S. broadcast networks when it created All Entry in 2014, the service hasn’t threatened main streaming platforms like Netflix Inc. And Walt Disney Co.’s Hulu. And the title gave it the really feel of a distinct segment participant. It’s maybe greatest identified for providing “Star Trek” exhibits, however its lineup additionally contains “The Good Spouse” spinoff “The Good Battle” and a reboot of “The Twilight Zone” from Jordan Peele.
The service additionally lets customers stream CBS stations dwell and contains sports activities protection, resembling soccer, basketball and golf.
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