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Paramount said in its statement that YouTube TV was attempting to "pressure" them to "agree to one-sided terms." Paramount also said it made a "series of fair offers."
Several channels owned by Paramount Global, including CBS, Comedy Central and MTV, will soon disappear from YouTube TV on Thursday if the two companies don’t reach a contract renewal.
The 2019 merger of CBS Corporation and Viacom was announced on August 13, 2019, and was completed on December 4, 2019. The merger of equals reunited CBS Corporation and Viacom into a single company known as ViacomCBS (today known as Paramount Global) after their separation from the first incarnation of Viacom on December 31, 2005.
According to Paramount Global, the merger will inject significant capital into Paramount, helping to address its debt and enabling investments in new content and technologies. [45] It will support Paramount Global's expansion into other entertainment industries, such as animation, sports and video games, where it currently has less presence.
In the U.S., streaming captured 34.8% of viewership with platforms like Netflix, Hulu and Amazon Prime Video seeing the most success. Cable accounted for 34.4%, while broadcast rounded out the top ...
The Specials' video "Rat Race" was played as the 58th video on the station's first day of broadcasting. [22] MTV rejected other black artists' videos, such as Rick James' "Super Freak", because they did not fit the channel's carefully selected AOR format at the time. The exclusion enraged James; he publicly advocated the addition of more black ...
YouTube TV and Paramount have agreed to a short-term deal extension to avoid a blackout of CBS, YouTube announced late Thursday. Paramount wanted a rate hike. Their existing deal expired at 1 p.m ...
Paramount Global chief executive Bob Bakish estimated that the blackout cost programmers and operators US$15 billion in market value and called the first day of trading following the blackout a "notable day for the industry". [23] According to Disney, the blackout drove Hulu subscriptions with live TV up 60% relative to internal expectations. [24]