Digital TV News: Paramount

Paramount+ announces international rollout plan details
Mar 19, 2024 – Paramount+ (NASDAQ: PARA; PARAA) has announced launch timing and pricing for its international ad-supported subscription offering. Its Premium subscription plan is also to be rolled out in Europe.
News categories: Paramount+, Marco Nobili, Lee Sears, Australia, Canada, Digital TV, Europe, Streaming

Western Europe OTT revenues to be up 55% in 2029
Mar 18, 2024 – Digital TV Research expects Western European OTT TV revenues to grow to $48 billion in 2029, up from $31 billion in 2023.
News categories: Digital TV Research, Simon Murray, Digital TV, Europe, Market Research, Streaming

Paramount to sell 13.01% stake in Viacom18 to Reliance Industries
Mar 13, 2024 – Paramount Global has agreed to sell its subsidiaries' entire 13.01% equity interest in Viacom 18 Media to Reliance Industries for 42,86,00,00,000 Indian rupees (~$517 million).
News categories: Paramount, Reliance Industries, Digital TV, India, MandA

Latin America to add 55 million SVOD subscriptions
Mar 7, 2024 – Digital TV Research forecasts that Latin America will have 165 million SVOD subscriptions by 2029, up from 110 million at end-2023.
News categories: Digital TV Research, Simon Murray, Digital TV, Latin America, Market Research, Streaming

3 in 4 U.S. CTV users watch live sports via streaming apps
Feb 29, 2024 – LG Ad Solutions has released a study showing a shift in how sports enthusiasts are consuming their favorite games – with streaming apps now dominating over traditional linear TV.
News categories: LG Ad Solutions, Serge Matta, Advertising, Digital TV, Market Research, Streaming, USA

Paramount to launch Paramount+ branded destination with Multichoice
Feb 26, 2024 – Paramount Global Content Distribution has announced a licensing deal with MultiChoice to create a Paramount+ branded destination on the pan-African platform.
News categories: Paramount, Multichoice, Lisa Kramer, Nomsa Philiso, Digital TV, South Africa, UX

U.S. TV viewing hits four-year high in January
Feb 20, 2024 – Nielsen's January 2024 report of The Gauge has revealed that January TV viewing levels soared with January producing nine of the 10 highest daily streaming levels ever.
News categories: Nielsen, Broadcast, Cable TV, Digital TV, Market Research, Streaming, USA

Ad tiering pays off as 36% of U.S. subscribers upgrade to avoid ads
Feb 20, 2024 – According to a report from Bango, the launch of ad-funded tiers has driven more than a third of U.S. subscribers (36%) to upgrade their services.
News categories: Bango, Paul Larbey, Advertising, Digital TV, Market Research, Streaming, USA

U.S. home entertainment spending up 16.8% in 2023
Feb 7, 2024 – According to DEG, overall U.S. consumer spending on digital and physical home entertainment formats in 2023 was $43 billion, a 16.8% increase from the almost $37 billion consumers spent in 2022.
News categories: Digital Entertainment Group, Digital TV, DVD, Market Research, Streaming, USA