ViacomCBS Enters Streaming War With Paramount+ Service

The transcript discusses Viacom's rebranding to Paramount Plus, highlighting the addition of new content and the company's strategy in the film industry. Despite the impact of COVID-19 on film releases, Paramount is optimistic about its future slate. The focus is on leveraging Paramount Plus to bring new films to streaming after a short theatrical window, balancing theater and streaming experiences. The model is considered sustainable, benefiting talent, theaters, and the company.

What recent change did Viacom make to its service?

• Renamed it to Paramount Plus

• Merged with another company

• Launched a new TV channel

• Stopped producing films

What is the current challenge for Paramount in the film industry?

• COVID-19 affecting film releases

• Decline in theater attendance

• Lack of new content

• Competition from other studios

How does Paramount plan to release its new films?

• After a short theatrical window

• Exclusively in theaters

• Only on television

• Directly to DVD

What is the expected duration of the theatrical window for films like 'A Quiet Place Part 2'?

• 30 days

• 45 days

• 90 days

• 60 days

What does Bob Bakish believe about the new release model?

• It is too costly

• It works for talent, theaters, and the company

• It only benefits theaters

• It is unsustainable