{"id":1925675,"date":"2023-05-06T08:58:32","date_gmt":"2023-05-06T12:58:32","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/streaming-pipe-dream-paramount-plus-pluto-tv-lose-more-than-a-billion-dollars-in-just-six-months\/"},"modified":"2023-05-06T08:58:32","modified_gmt":"2023-05-06T12:58:32","slug":"streaming-pipe-dream-paramount-plus-pluto-tv-lose-more-than-a-billion-dollars-in-just-six-months","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/streaming-pipe-dream-paramount-plus-pluto-tv-lose-more-than-a-billion-dollars-in-just-six-months\/","title":{"rendered":"Streaming Pipe Dream: Paramount Plus &#038; Pluto TV Lose More Than a Billion Dollars in Just Six Months"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">36<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fstreaming-pipe-dream-paramount-plus-pluto-tv-lose-more-than-a-billion-dollars-in-just-six-months%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1925675&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p> \t\t\t\tParamount\u2019s streaming services \u2014 including Paramount+ and Pluto TV \u2014 continue to bleed money at an alarming rate, with the company reporting they lost a stunning $511 million in the first quarter of the year even as they added subscribers and viewers.<\/p>\n<p> In the past six months alone, Paramount\u2019s streaming services have lost more than $1 billion.<\/p>\n<p> Paramount Global \u2014 formerly known as Viacom \u2014 saw its shares plummet Thursday following the bad earnings announcement, with the stock down more than 25 percent in afternoon trading.<\/p>\n<p>   Like other legacy Hollywood studios, Paramount is spending a fortune on its streaming businesses in the hopes of catching up to Netflix and capturing the growing number consumers who have cut the cord. While the company continues to add more subscribers, it is falling deeper in the red as it tries to keep up with viewers\u2019 bottomless appetite for new content.<\/p>\n<p> Paramount+ added\u00a04.1 million subscribers during the first quarter, bringing its worldwide total to 60 million. By comparison, Netflix has more than 230 million paying subscribers. Pluto TV \u00a0also saw its monthly average users rise to 80 million globally.<\/p>\n<p> The weak advertising market is also hammering Paramount. The company reported its TV division saw ad revenue plummet\u00a011 percent for the first quarter compared to the year-ago period. The ad market is suffering under the Biden administration as consumers cut back on spending as runaway inflation and fears of a recession continue to weigh on households.<\/p>\n<p>SUBSCRIBEBy subscribing, you agree to our terms of use &#038; privacy policy.  You will receive email marketing messages from Breitbart News Network to the email you provide. You may unsubscribe at any time.<\/p>\n<p>   As Breitbart News reported, the Walt\u00a0Disney Co.\u2019s woke streaming services are losing more than $1 billion a quarter at a time when CEO Bob Iger is trying to put the brakes on the company\u2019s extravagant spending habits.<\/p>\n<p> Follow David Ng on Twitter\u00a0@HeyItsDavidNg. Have a tip? Contact me at\u00a0dng@breitbart.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paramount\u2019s streaming services \u2014 including Paramount+ and Pluto TV \u2014 continue to bleed money at an alarming rate, with the company reporting they lost a stunning $511 million in the first quarter of the year even as they added subscribers and viewers. In the past six months alone, Paramount\u2019s streaming services have lost more than<\/p>\n","protected":false},"author":1,"featured_media":1925677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[10989,5352,8870,6461,12590,4227,26012,17389],"class_list":["post-1925675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-dream","tag-dollars","tag-lose","tag-months","tag-paramount","tag-pipe","tag-pluto","tag-streaming"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1925675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1925675"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1925675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1925677"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1925675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1925675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1925675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}