Showtime Sell Offer 'Not That Interesting': CEO
The recent unsolicited offer to sell Showtime "wasn't that interesting to us," Paramount Global CEO Bob Bakish said Wednesday in a Morgan Stanley investor conference. "Our internal plan is far more value creating" for earnings and synergies, he said. He…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
said there's "huge opportunity" to gain market share in streaming, especially given this year's consolidation of Paramount+ and Showtime. "The NFL clearly works on streaming," he said. "We like sports." Paramount Global spending on content has gone up considerably the past two years, but it will peak in 2023, he said.