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The CBS special 'Oprah with Meghan and Harry' achieved a record-breaking 17.1 million viewers, making it the most-watched entertainment special of the 2020-2021 season. The interview dominated ratings, with key demographics showing a 3.6 rating among adults 25-54 and 2.6 among adults 18-49. In terms of social media, it generated 12 billion potential impressions on the night of airing and 28.3 billion in the preceding week. Furthermore, the CBS App became the #1 app in Apple's App Store, highlighting the event's massive reach.
ViacomCBS launched Paramount+, a new streaming service, featuring live sports, breaking news, and a vast array of exclusive originals, movies, and series from its renowned brands such as CBS, MTV, Nickelodeon, and Paramount Pictures. The service debuts with over 30,000 episodes and substantial original content including The SpongeBob Movie: Sponge on the Run and 60 Minutes+. Paramount+ offers two pricing tiers, starting at $4.99, and plans an international rollout across 18 countries. This launch signifies ViacomCBS's commitment to leading in the streaming space.
Nickelodeon is set to premiere its new preschool series Baby Shark’s Big Show! on March 26 at 12:30 p.m. (ET/PT). This series features 26 half-hour episodes that follow Baby Shark and his friend William on comedic adventures in Carnivore Cove. Co-produced with SmartStudy, the show emphasizes fun, friendship, and social-emotional learning through catchy original songs. Voiced by actors including Kimiko Glenn and Eric Edelstein, new episodes will air every Friday and be available on Nick Jr. On Demand and other platforms. The Baby Shark brand has achieved immense popularity, with over 8 billion YouTube views.
ViacomCBS announced the redemption of seven series of senior notes totaling approximately $2.2 billion, with redemption dates set for March 15 and March 29, 2021. The notes include 2.250%, 3.375%, 3.125%, 2.500%, 3.250%, 2.900%, and 4.250% notes, with principal amounts outstanding as of February 26, 2021. Holders are advised to contact their brokers for redemption details. ViacomCBS remains a major player in global media, leveraging its range of iconic brands to maintain a strong market presence.
ViacomCBS (NASDAQ: VIAC; VIACA) has announced a comprehensive streaming strategy update, showcasing the launch of Paramount+ on March 4. The platform will offer a blend of live sports, news, and entertainment from iconic brands like CBS and Nickelodeon. With over 50 exclusive original series slated for release and a library exceeding 30,000 episodes, Paramount+ aims to create a competitive ecosystem alongside Pluto TV and SHOWTIME®. This move positions ViacomCBS to leverage its extensive content assets and marketing capabilities in the evolving streaming landscape.
Nickelodeon has launched Avatar Studios to create new content from the beloved franchises Avatar: The Last Airbender and The Legend of Korra, led by original creators Michael DiMartino and Bryan Konietzko. The studio's first project will be an animated film commencing production this year. This initiative aims to expand the storytelling universe of the Avatar series on platforms like Paramount+ and Nickelodeon's channels, enhancing its cultural impact, which has grown significantly since its original airing.
Nickelodeon is reuniting the original voice cast of the beloved Rugrats series, including E.G. Daily and Nancy Cartwright, in an all-new CG-animated series set to premiere on Paramount+ this spring. The project, produced by Nickelodeon Animation Studio, aims to introduce the iconic toddlers to a new generation while preserving the essence of the original series. Rugrats debuted in 1991 and has achieved monumental success, including four Daytime Emmy Awards. The reimagining seeks to capture the imagination of audiences worldwide and further solidify the franchise's legacy.
ViacomCBS reported Q4 2020 revenues of $6.874 billion, up 3% year-over-year, but full-year revenues dropped 6% to $25.285 billion. The company achieved adjusted OIBDA of $1.183 billion for Q4, a 5% increase. Streaming revenues surged 71% to $888 million, with global subscribers rising to nearly 30 million. However, net earnings declined by 27% YOY to $2.305 billion. While advertising revenue grew 4%, content licensing fell by 3%. The company ended the year with $3 billion in cash and a $3.5 billion undrawn credit facility.
ViacomCBS (NASDAQ: VIAC; VIACA) announced that CEO Bob Bakish will participate in a Q&A session at the virtual Morgan Stanley Technology, Media, and Telecom Conference on March 2, 2021, at 7:45 AM ET. A live audio webcast will be available on ViacomCBS' Investors homepage, with a replay accessible later in the Events, Webcasts & Annual Meetings section. ViacomCBS is a prominent media and entertainment company known for its extensive portfolio, including CBS, Showtime, Paramount Pictures, and more. The company provides significant U.S. television audience reach and diverse digital offerings.
