Hollywood’s strikes are over
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In an earnings call on Monday, Paramount CEO Bob Bakish said the company will rely on its slate of international content, fall sports, and completed productions, such as Killers of the Flower Moon, to get through the double Hollywood strikes:
From a content perspective, we’re in pretty good shape, it all comes down to duration. We’re hopeful that as an industry, we can solve this sooner rather than later because we’d all like to get back into the content production business.
Paramount Plus gained a modest 700,000 subscribers during the past three months following a wave of price hikes and the addition of a new Showtime tier. The company also announced that it agreed to sell Simon and Schuster to the private equity group KKR.
