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ViacomCBS (NASDAQ: VIAC, VIACA) and Gray Television (NYSE: GTN) announced a multi-year agreement to renew CBS network affiliations for all 47 Gray TV stations, including major markets like Cleveland and Charlotte. This renewal ensures CBS programming remains available on Paramount+ and various vMVPD platforms. With this agreement, Gray will cover approximately 11% of the U.S. audience, expanding to 18% upon the acquisition of Meredith Corporation's Local Media Group. Both companies commit to enhancing local content combined with CBS' premium programming.
Nickelodeon announces the premiere of a new Chanukah-themed episode titled 'A Blue’s Clues Festival of Lights' on Friday, Nov. 26, at 12 p.m. (ET/PT). Additionally, the network expands its partnership with Save the Children for the second annual 'Blue Friday' on Nov. 19, aimed at enhancing children's education. This episode will feature interactive activities centered around Chanukah traditions, and the show's float will appear in the 95th Macy’s Thanksgiving Day Parade on Nov. 25. The series has received critical acclaim and was recently renewed for a fourth season.
BET Studios, in partnership with Rich Paul and KLUTCH Sports Group, will premier the unscripted documentary series KLUTCH Academy on November 23 at 11 PM ET on BET. The five-part series showcases six college basketball prospects as they prepare for their professional careers, illustrating both their athletic challenges and personal growth. The project features industry leaders, including Kenya Barris and the creative team behind The Last Dance. The show aims to provide an intimate look at the journey from college to the NBA, while honoring the late Terrence Clarke.
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ViacomCBS reported a significant 13% increase in total revenue for Q3 2021, reaching $6.61 billion. Notably, global streaming revenue surpassed $1 billion for the first time, marking a 62% year-over-year growth. The company added 4.3 million streaming subscribers, totaling nearly 47 million, while streaming subscription revenue grew by 79%. However, diluted EPS fell by 25% to $0.69.
Advertising revenue saw a modest growth of 1%, but operational income dropped by 3%.
BET has announced that Ashanti will receive the ‘Lady of Soul’ honor at the 2021 Soul Train Awards, while Maxwell will be awarded the ‘Legend’ award. The ceremony, celebrating the 50th anniversary of Soul Train, will air on November 28 at 8 PM ET on BET and BET Her. H.E.R. leads with eight nominations, followed by Chris Brown and Jazmine Sullivan with six each. The event promises a night of performances and honors, marking a significant moment in music history.
VH1 announces its inaugural "Naughty or Nice" holiday season starting November 29. The lineup features original movies including Adventures in Christmasing, The Bitch Who Stole Christmas, Hip Hop Family Christmas, Let’s Get Merried, and Miracles Across 125th Street. Executively produced by notable figures like Eva Longoria and Jamie Foxx, these films aim to present modern holiday narratives. VH1's initiative targets a diverse audience, enhancing engagement during the festive season.
Comedy Central announces its annual “31 Days of Going Home for the Holidays” featuring two new films: A Clüsterfünke Christmas on December 4 and Hot Mess Holiday on December 11. Both movies showcase diverse talent, with Hot Mess Holiday highlighting a South Asian American women's buddy comedy. Nina L. Diaz, CCO/President of Content, expresses excitement over the programming, aiming to deliver a humorous twist on holiday movies. The network reaches over 1.4 billion young viewers globally, promoting various iconic brands.
Youtooz, a leading consumer products company, has partnered with ViacomCBS to launch a limited edition collection of SpongeBob SquarePants vinyl figures. The initial figures include four iconic memes from the series: SpongeBob Heading Out, Inside Squidward, Handsome Squidward Falling, and Patrick I Have $3. This collaboration aims to capture the nostalgia of one of the most celebrated animated series. Figures are now available at youtooz.com and the rest will be released over the next year.
ViacomCBS Inc. (NASDAQ: VIAC, VIACA) and Altice USA (NYSE: ATUS) have reached a new multi-year agreement ensuring the continued carriage of ViacomCBS' extensive portfolio of broadcast, entertainment, news, and sports networks for Altice USA's Optimum and Suddenlink customers. The agreement also includes rights to ViacomCBS' streaming services, including Paramount+, SHOWTIME OTT, and Pluto TV. This partnership reinforces the commitment of both companies to deliver quality content while collaborating on advanced advertising capabilities.
