Paramount Global’s streaming service, Paramount+, will launch in the UK and South Korea in June, with plans to also be available in India in 2023 as part of its continued worldwide expansion.
The company has set a June 22 release date for the streamer in the UK and Ireland, and also plans to make it available in South Korea in June, with no exact date right away. hollywood reporter understands that Paramount Global announced the continuation of its worldwide streaming services on a conference call earlier in the day following its first quarter earnings report.
Paramount Global, still known as ViacomCBS, signed a deal with Sky, the pay-TV and broadcaster of Comcast Europe, last August to launch the Paramount + Sky platforms this year in the UK, Ireland, Italy, Germany and Austria. Later on Tuesday, the company announced that Paramount+ would be available in the UK to Sky Cinema subscribers at no additional cost under this deal.
The streamer will also be available in the UK via the Paramount+ website and app, Apple, Amazon, Google, Roku, Samsung and other platforms, which will be announced directly to the customer, the company said. And posted a market price: 99 6.99 ($8.77) per month, or 69.90 ($87.74) per year after a seven-day free trial.
Meanwhile, Paramount+ will enter South Korea as part of a strategic partnership with Korean entertainment center CJ ENM, launched in December. Under the deal, the streamer will launch as an exclusive bundle with CJ ENM’s streaming service TVING, marking the launch of Paramount+’s first market in Asia.
And in India, Paramount+ will be available next year. “In 2022, we will continue to expand Paramount+ into the world’s largest markets, starting in the UK and South Korea in June,” Paramount President and CEO Bob Bakish said on a for-profit conference call on Tuesday. . “And we will be in the biggest European markets, including Italy, France, Germany მეორე in the second half of the year. Additionally, in 2023, Paramount+ will launch in India in partnership with Viacom 18 as part of a recently announced deal and is poised to participate in this fast-growing cash market.”
Last week, former CEO James Murdoch and chairman of Star India and Walt Disney Asia Pacific Uday Shankar, an investment firm, unveiled this investment. Bodhi Tree Systems, an investment platform backed by Lupa Systems and Murdoch’s Shankar, said it would invest $1.78 billion in Viacom 18, an Indian media joint venture between Paramount and TV18 that includes television networks and a streaming platform.
After completing its presence in 26 markets in 2021, Paramount+ will be available in more countries this year, including Vivendi’s Canal+ in France. Paramount also plans to launch SkyShowtime, a streaming joint venture with Comcast/Sky, in more than 20 European territories, covering 90 million homes, starting this year. Overall, the currently announced and planned releases lead to the fact that Paramount will have a paid streaming service in over 60 global markets by the end of 2022.
Like its peers, the conglomerate is focused on growing its streaming businesses, including subscription service Paramount+ and Pluto TV, an ad-based video-on-demand service. Paramount+ ended 2021 with 32.8 million subscribers and the company aims to reach 100 million by 2024.
However, Paramount’s management emphasized that it is not so focused on how many markets it will reach, but on strategically determining which countries it should expand to, when and how, including through potential partnerships. Executives said this personalized, market-based approach allows the company to grow its broadcast business quickly but with low risk, leverage established or new partnerships, and provide diversified revenue streams.
Bakish, for example, said on an earnings call on Tuesday that Paramount+’s availability in foreign markets through “robust packages” offered by distribution partners such as Canal+ in France allows customers to grow quickly. without the high cost to the customer. acquisition.
Announcing plans for a UK release, Paramount+ said on Tuesday it would offer “a wide range of content, including over 8,000 hours of content for the whole family, including new originals and exclusives from Paramount+, hit shows and popular Paramount genres”. ” Famous brands and production studios including Showtime, Paramount Pictures, Comedy Central, MTV and Nickelodeon.
He asked for access to things like ᲕThe way of the stars Mundo, Taylor Sheridan New seasons yellow stone series, too South Park and mtv costs Franchise, with kids and family favorites like Sponge Bob Square Pants, paw patrol s rural.
Some of the most anticipated Paramount+ and Showtime originals from the US, UK and other international markets will be available in the UK and Ireland when the service launches, including aura, 1883, Star Trek: Strange New Worlds, Suggest, mayor of kingstown, Super Pumped: Battle for Uber, first woman, The man who fell to the ground, queen of the universe s Jerry and Marge are doing great“, – he added. In addition, Paramount + UK promised “unlimited access to hit movies with new releases such as scream 5Time-tested classics like fat s ᲕThe way of the starsAnd family choices.
Source: Hollywood Reporter
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