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Paramount+ reported strong engagement for PAW PATROL: THE MOVIE, which premiered on August 20, ranking among its most-watched originals. The film earned $13.2 million at the domestic box office during its opening weekend and achieved an international box office total of $38.4 million. The film received positive audience feedback with an A- CinemaScore and a 97% audience score on Rotten Tomatoes. The successful launch is attributed to its loyal fanbase and effective marketing strategies, contributing to significant consumer product sales across various retailers.
Comcast and ViacomCBS have announced a partnership to launch SkyShowtime, a new subscription video on demand (SVOD) service, in over 20 European territories, reaching 90 million homes. Set to debut in 2022, pending regulatory approval, SkyShowtime will offer over 10,000 hours of premium content from brands like SHOWTIME, Nickelodeon, and Paramount. This joint venture aims to leverage both companies' strengths to create a compelling family-friendly streaming experience across Europe, with further details on the subscription model to be revealed later.
WowWee and Nickelodeon Digital Studios have announced a partnership to create original digital content featuring characters from My Squishy Little Dumplings, reimagined as an animated music group called 'The Squish.' This initiative launches on August 13, 2021, dubbed 'Dumpling Day,' with the debut of their first song and music video, 'Can You Resist the Squish?!' The content will include dance music videos, behind-the-scenes footage, and a House Party Tour. The songs will be available on major streaming platforms, enhancing the brand's reach in the children's entertainment market.
The Smurfs are returning to television with a new CG-animated series premiering on Nickelodeon on September 10 at 7:30 p.m. (ET/PT). This marks their first appearance in nearly 40 years, featuring beloved characters like Papa Smurf and Smurfette on thrilling adventures. The series will introduce episodes every Friday night, with international rollouts planned for the fall. Nickelodeon aims to enhance its franchise portfolio, which includes SpongeBob SquarePants and PAW Patrol. The show is produced by Peyo Productions and Dupuis Audiovisuel, supported by several partners and government entities.
Nickelodeon is expanding the SpongeBob SquarePants universe with 52 new episodes across three series: The Patrick Star Show, SpongeBob SquarePants, and Kamp Koral: SpongeBob’s Under Years. New episodes include 13 for The Patrick Star Show and another 13 for the original series, while Kamp Koral gets both 13 additional episodes for Season 1 and a second season. The franchises continue to attract large audiences, with The Patrick Star Show ranking as the top animated show for kids aged 6-11, and the overall SpongeBob SquarePants series leading in the animated category.
ViacomCBS Networks International (NASDAQ: VIAC, VIACA) has partnered with Sky to launch Paramount+ on Sky platforms across the UK, Ireland, Italy, Germany, Switzerland, and Austria in 2022. This multi-year agreement includes extended carriage of ViacomCBS' pay TV channels and renews Sky's role as an ad sales partner. Sky Cinema subscribers will enjoy Paramount+ at no extra cost, enhancing the content offering. Paramount+ boasts over 10,000 hours of content and includes exclusive series and popular films, aiming to accelerate ViacomCBS' global streaming ambitions.
ViacomCBS reported strong financial results for Q2 2021, with revenue increasing 8% to $6.564B and operating income at $1.226B. Net earnings surged 120% to $995M, with diluted EPS rising 105% to $1.50. Notably, streaming revenue soared 92% due to a 6.5M subscriber boost, reaching over 42M. Advertising and affiliate revenue also grew significantly by 24% and 9% respectively. Despite these successes, adjusted OIBDA declined 25%. The company maintains a solid cash position with $5.4B on hand and an undrawn $3.5B credit facility, indicating strong liquidity.
ViacomCBS (NASDAQ: VIAC, VIACA) has signed multi-year distribution agreements with Cox Communications to provide its extensive content portfolio, including networks like CBS, BET, MTV, and Showtime, as well as retransmission consent for CBS stations in Los Angeles. This deal enhances Cox subscribers' access to ViacomCBS streaming services, including Paramount+ and Pluto TV. While financial terms remain undisclosed, the partnership strengthens ViacomCBS's offerings across broadcast and streaming platforms, reflecting their commitment to delivering best-in-class entertainment.
The newly opened Nickelodeon Hotels & Resorts Riviera Maya, the first Nickelodeon resort in Mexico, offers a unique family-friendly experience. Featuring 280 Oceanfront Swim-Up Suites and a six-acre Aqua Nick® water park, the resort caters to families with children. Rates start at $259 per person per night, available for bookings until August 31, 2021, for stays until January 4, 2022. Guests can enjoy themed accommodations, gourmet dining options, and entertainment programs. The resort aims to enhance the Nickelodeon experience with character interactions and extensive water attractions.
