Paramount Global

Allen Media Group has confirmed the $30B bid in a statement to TV Tech

Execs tell investors they are “not interested in acquiring linear assets” and doubt more consolidation will "materially change" the competitive landscape

Combined entity would merge Max with Paramount+ and better compete with Netflix and Disney+

New deals with BBC Studios, Magnolia Pictures and Paramount bring the offering to 275+ free TV channels and 15,000+ free on demand movies and shows

Paramount+ added 2.7M net subs in Q3, 2023 as streaming losses narrowed

The Authenticated Data Specification Accelerator Project at IBC 2023 brings together major players across the media landscape to address this long-standing issue

Streaming losses dropped as Paramount+ and Pluto TV increased global viewing hours 35% YoY and DTC advertising revenue increased 21%

Media industry content spending will be flat 2023, after a 14% spike in 2022, according to MoffettNathanson

Paramount, Cloudflare, Dolby.io, Chyron, JW Player, THEO Technologies, and EVS have joined the group

Total Paramount+ subs reached nearly 56M as global direct-to-consumer subs grew to 77M+