ViacomCBS unveiled plans for its new Paramount Plus streaming service Wednesday, revealing a competitive price point and sharing hours' worth of details about the company's strategy to transition into the streaming era while maintaining a foothold in traditional TV and movies. The company also said it will honor a shortened time period for movies to show exclusively in theaters before they appear on Paramount Plus.
The new streamer's debut got off to an inauspicious start Wednesday when a virtual presentation to investors was unexpectedly delayed by a half hour, yielding some ridicule from the Twittersphere.
"The inability to stream an event focused on your streaming pivot...is uh...woof," tweeted media analyst Matthew Ball, summarizing the general sentiment among bemused investors and reporters.
ViacomCBS has struck a deal with Disney to distribute more of their content on Hulu Plus Live TV. Terms of the deal announced on Monday weren't disclosed but the agreement gives Hulu access to 14 channels including BET, Comedy Central, MTV, Nickelodeon, VH1 and Paramount Network.
CBS already had a deal with Hulu to provide its broadcast channel along with the CW, the Smithsonian Channel and PopTV.
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Bob Gerard was sitting in an office room, having just watched a public service announcement while wearing a sensor that Dr. Paul Zak had wrapped around his arm.
"When it was done," said Gerard, who had been introduced to Zak by a mutual friend who thought Zak could help Gerard improve his internal training sessions at Accenture, a professional services firm, "Paul showed me the graph that the sensor had generated, and he replayed the video. As it was replaying, he was telling me exactly what I was feeling as he was reading it off the chart. My first thought was: I need this."