Kidscreen » Archive » Streaming Pilots ViacomCBS Q4

Things are looking up for ViacomCBS, thanks to its booming streaming business.

With a strong fourth quarter performance from Paramount+ (which added 7.3 million new global subscribers this quarter, bringing it to 32.8 million in total), the media company reported 84% annual revenue growth for its direct-to-consumer (DTC) business. in 2021. The overall segment, which includes the OTT service Showtime, added 9.4 million streaming subscribers in 2021 to end the year at over 56 million.

The Paramount brand’s success in streaming was a major factor in the company’s decision to rebrand itself as Paramount Global, the president and CEO said. Bob Bakich during yesterday’s investor presentation. And Paramount is dramatically increasing its next streaming subscriber targets (from 75 million to 100 million by the end of 2024) and DTC revenue (from $6 billion to $9 billion by 2024).

The company’s AVOD business is also thriving, with Pluto TV adding 10 million monthly active users to a total of over 64 million, while growing revenue by 45% year-over-year.

When it comes to kids and family shows and movies, Paramount is doubling down on that kind of content as it currently ranks among the strongest on Paramount+ in terms of subscriber engagement and acquisitions, said the president of Nickelodeon and Paramount Pictures’ Brian Robbins at the Investor Presentation. This push will begin with the expansion of six of the biggest children’s franchises on Paramount+.

A new CG animation Dora the Explorer The preschool series with modernized storytelling has been greenlit for production at Nickelodeon Animation and will premiere next year. And building on a previous announcement, Nick’s first-ever live-action Dora series will now target an older tween demo instead of six to 11 seconds. The change was made to better align the series with Paramount Pictures’ theatrical release in 2019 Dora and the lost city of goldwhich featured a teenage Dora.

A new 26-episode CG-animated Transformers series from Nickelodeon and Hasbro’s eOne has also been ordered. action comedy Earth Spark Transformers (pictured) will bow worldwide this fall, introducing fans to a new generation of robots. And a very first live action sonic the hedgehog the series was also greenlit.

On the cinema side, a trio of novelties Spongebob films based on the original characters from the hit series will head exclusively to Paramount+, with the first premiering in 2023. And Nick Animation is developing a fourth Spongebob film for theatrical release.

Nick Animation is also working on several new Teenage Mutant Ninja Turtles features exclusively for Paramount+, each focusing on a different popular villain from the franchise.

To complete the long slate, Blue’s adventure in the big city is a new animation/live-action hybrid feature in the works. Based on the series Blue’s clues and you, he will bow out later this year. And a third Sonic movie is also in development.

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