document.write ("&loc=" + escape(window.location)); The news of the investigation was first reported by The Information. 05 October 2020 @ 17:30:00 UTC, , . The ongoing growth of streaming AVOD service acquisition Pluto TV will be a bright spot that should burn brighter and brighter over the coming months, helped in part by the expansion to 17 Latin American countries at the start of Q2, but this won’t be enough to salvage investor confidence. var m3_u = (location.protocol=='https:'? This will be boosted by ViacomCBS’s recent stake in Miramax (. if (!document.MAX_used) document.MAX_used = ','; This highlights an additional weakness that investors found in the strategy. “It might be possible to put all the content ViacomCBS owns under a single service, but if the subscription fee ends up being three times higher than its competitors, ViacomCBS might price itself out of the market. By deciding to step up their own subscription game but keep selling shows to rivals, ViacomCBS stated their intent to not just sell their enemies high-quality armaments, but to continue to do so after going to war with them. TV Watch – #1 HBO Max's Stumbling Start; Who Is BBC's New Director General. When it was announced in August 2019, Viacom and CBS were worth a combined US$30 billion. The stock price tanked after CEO Bob Bakish unveiled plans on February 20, during the Q4 2019 earnings call, for a “House of Brands” OTT service based on CBS All Access and Viacom TV brands. Bakish added his Hollywood studio will add another 15,000 hours of on-demand TV and film content to All Access on top of the 15,000 hours of content already on the streaming service. Other recent big name shows produced within ViacomCBS for rival services include “Tom Clancy’s Jack Ryan” for Amazon, “Catch-22” for Hulu, “Watchmen” for HBO and “Home Before Dark” for Apple TV+. if (document.MAX_used != ',') document.write ("&exclude=" + document.MAX_used); The cancellation of March Madness is estimated to have cost CBS $650 million in ad revenue, with overall ad revenues approximated to be down by 12% for the TV industry across 2020. ViacomCBS CEO Bob Bakish said the offering will have a soft launch later this year and include 30,000 episodes of television shows and 1,000 movies. //]]>-->,