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

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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.”

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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
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