Paramount+ tops 60 million subscribers thanks to 'Picard' and the NFL
There were other successes. Paramount's free-to-watch Pluto TV service topped 80 million monthly active users thanks to a 35 percent year-to-year jump in viewing hours. The company's increasing reliance on streaming also became clear through financial figures. While overall subscription revenue climbed 50 percent compared to a year earlier, the money flowing from Paramount+ surged 65 percent.
To some extent, Paramount+ is taking advantage of its rivals' misfortunes. While Netflix has bounced back from last year's rare losses, it still added a in its first quarter. That's partly due to saturation — at 232.5 million total customers, Netflix doesn't have as much room to grow. Still, this suggests that studio-owned streaming services can fare well against incumbents.Great deals on consumer electronics delivered straight to your inbox, curated by Engadget’s editorial team.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Paramount Streaming Loss Widens to $511M as Paramount+ Hits 60M SubsThe company takes $1.67 billion in programming charges and cuts its dividend as quarterly results miss Wall Street expectations and TV advertising drops 11 percent.
Read more »
Star Trek: Picard Star Jeri Ryan: Seven's 'The Hairdoo' Is RetiredICYMI: StarTrekPicard star JeriRyan puts to rest any hope of the SevenOfNine French twist hairstyle from StarTrekVoyager coming back in the near (or far) future. / ParamountPlus StarTrek Voyager TheNextGeneration
Read more »
Ahsoka, SNL, Picard, TV Writers Strike & More: BCTV Daily DispatchICYMI: In today's BCTV Daily Dispatch, StarTrekPicard, Supernatural, NightCourt, CobraKai, SupermanAndLois, WWE, UnicornWarriorsEternal, SNL, HOTD, TheRookie, CriminalMinds, Late-Night/writersstrike, Yellowjackets, GoodOmens2, TheFlash &…
Read more »
Star Trek: Gene Roddenberry Archive on 'Picard' Wrapping TNG LegacyICYMI: The GeneRoddenberry Archive chronicles the journey of recreating the StarTrekTheNextGeneration's EnterpriseD in StarTrekPicard. / StarTrek Picard ParamountPlus STTNG TheNextGeneration
Read more »
Sheridan Smith & Céline Buckens To Star In Paramount+ UK Adaptation Of Lucy Clarke Novel ‘The Castaways’EXCLUSIVE: Sheridan Smith and Céline Buckens have been cast as sisters in The Castaways, a Paramount+ drama series based on Lucy Clarke’s novel. Smith will play Lori and Buckens is her siblin…
Read more »
Rob Lowe Joins His Son In Writers' Strike Outside Paramount StudiosRob Lowe is not only showing the WGA his support during the writers strike, but he's got his son's back, too ... picketing together outside Paramount and joining thousands of writers across the country to fight for fair wages.
Read more »