Showtime, Paramount+ Merger: $300M-Plus In Cost-Savings Estimated

Berlin: Pierce Brosnan, Helena Bonham Carter, Gabriel Byrne to Lead Irish Drama 'Four Letters of Love'

Concluded Cahall: “If Paramount cuts half of Showtime’s selling, general & administrative, that’s around $200 million, plus additional direct-to-consumer cost actions could drive total cost savings in the $300-$400 million range, or around 5-6 percent of Paramount’s ‘22 estimated selling, general & administrative .”

Swinburne positively noted, however, that “content strength has helped Paramount continue to grow its streaming business while others are slowing,” adding that Paramount+ “has outperformed expectations and is well on its way to a 60 million-plus subscriber business and $4 billion-plus in revenue this year.”

Cc EliotReyna HansLop53871788 AlbertCGA tio_amazon Mendinso RegularTweetsUK DailyNickNews

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Paramount is integrating Showtime into its streaming service and giving the premium network a new name | CNN BusinessGoodbye, Showtime. Hello, Paramount+ With Showtime. Same! But with more! Pretty much saw this one coming. Not paying for this bs
Source: cnni - 🏆 326. / 59 Read more »