The company blamed the decline on lower theatrical and licensing revenues, compared with 2022 when Tom Cruise's “Top Gun: Maverick” banked $1.5 billion at the global box office. TV media is Paramount Global's biggest segment, at 68% of 2023 revenue. But it's been steadily declining over the past several years.

Is Paramount having financial problems?

Remember, Paramount's streaming business is already consistently losing money. Even if it grows its revenue, if it spends more on production to do that, the business could remain in the red. This dynamic will keep pressure on the company's one and only reliable profit center -- a profit center that's already weakening.

Is Paramount Plus in trouble?

Paramount lost $238 million from its streaming business in the prior quarter (and $424 million in Q2 and a $511 million in Q1), when it gained 2.7 million Paramount+ subs. Now that 2023 is over and 2025 is expected to be profitable, we know that 2022 was the peak year for Paramount streaming losses.

Is Paramount Plus losing money?

The studio posted a smaller streaming loss of $490 million, against a year-earlier $575 million loss, representing some upbeat news for Wall Street. Having reduced full year direct-to-consumer losses in 2023 had Paramount indicating it hit peak streaming losses in 2022, a year ahead of schedule.

Is Paramount+ having issues?

No, we are not detecting any problems with Paramount Plus right now. The last outage detected for Paramount Plus was on Monday, May 13, 2024 with a duration of about 57 minutes.

The Shocking Truth About the Paramount Sale: Revealed

Why am I having so much trouble with Paramount?

When you force quit the app, it refreshes the app which can resolve streaming issues. You should also check your network connectivity or cellular data, if applicable. If you're connected to Wifi and still having issues, please restart your modem and router, then relaunch the Paramount + app.

Why is Paramount Plus crashing?

Having a slow internet connection. A slow internet connection can cause content to freeze while it waits for the next part of the show or movie to load. Even if you have a fast internet connection, other devices can hog the bandwidth and prevent you from streaming smoothly.

Should I keep Paramount Plus?

Is Paramount+ worth it? Simply put, yes, we think Paramount+ is worth it. If you're subscribing to Paramount+ because you gave your cable company a "Dear John" letter ages ago and want to stream the 2024 Super Bowl, you'll likely find yourself sticking around long past your seven-day free trial has passed.

Is Paramount in debt?

Total debt on the balance sheet as of March 2024 : $15.80 B

According to Paramount Global's latest financial reports the company's total debt is $15.80 B. A company's total debt is the sum of all current and non-current debts.

What is the deal with Paramount Plus?

The promo essentially gets you the ad-free tier with Showtime for just $5 a month, or the same price as the ad-supported Paramount Essential plan (reg. $5.99 per month or $59.99 per year). After the first 12 months, the Paramount+ with Showtime subscription auto-renews at $11.99 monthly.

Who is buying Paramount?

WATCH: Bloomberg has learned that Sony Group and Apollo Global Management made a $26 billion proposal to buy media giant Paramount. Sony Group Corp. and Apollo Global Management Inc.

Is Peacock merging with Paramount Plus?

Currently, Peacock is owned by Comcast, which also owns the NBC broadcast network. Similarly, Paramount Plus is owned by Paramount Global, which owns the CBS broadcast network. And this makes it virtually impossible to merge the two companies as they're currently constructed.

Why won't Paramount Plus cancel?

What Should You Do if You Can't Cancel Paramount Plus? If you encounter issues with canceling Paramount Plus, contact the subscription service's customer support as soon as possible to avoid unwanted charges. You can do so via: The Contact Us button on the homepage.

What is happening with Paramount?

After multiple reports swirled early Monday, Paramount announced that CEO Bob Bakish is leaving the company. This comes after David Ellison's Skydance, which has been in negotiations to take over the entertainment giant, made its “best and final offer” Sunday.

Why is Paramount stock falling?

The ongoing takeover battle that could reshape Hollywood, talks with Amazon about an expanded partnership, and the appointment of Jonathan Bingaman as President of Domestic Licensing & Distribution are also contributing factors.

Who bought Paramount Plus?

Paramount+ (formerly CBS All Access until 2021) is an American subscription video on-demand over-the-top streaming service owned by Paramount Global.

Who will Paramount merge with?

Paramount and Skydance inch closer to a merger as key hurdle looms, sources say. Skydance Media and its private equity backers are targeting May to finalize terms on a deal with Paramount Global, sources told CNBC.

What country owns Paramount?

Paramount Global is an American multinational mass media and entertainment conglomerate controlled by National Amusements and headquartered at One Astor Plaza in Midtown Manhattan in New York City.

What is the difference between Paramount+ and Paramount?

Paramount Plus and Paramount Network are different things. Paramount+ (formerly CBS All Access) is an on-demand streaming service, while Paramount Network (formerly Spike TV) is a cable/satellite TV channel. Both are owned by ViacomCBS.

Is Paramount Plus free with Amazon Prime?

People who have an existing Amazon Prime Video subscription can choose from a variety of featured channels to watch from, including Paramount Plus. Unfortunately, it is not one of the free services offered, but there is a way to test it without getting charged.

Is Paramount doing well?

Paramount reported nearly $1 billion in adjusted EBITDA, up from $548 million a year ago and good for more than 5 percentage points of margin expansion. A reduction in direct-to-consumer expenses (which now include primarily streaming services) drove the improvement.

Why is Paramount Plus so messed up?

If the video is buffering or you're seeing a loading image, you may have bandwidth issues, especially if you're logged in on several devices at the same time. Solution: Log out of your Paramount+ account from all devices, then log in again on the one device from which you wish to stream content.

Is Paramount Plus having problems?

We're not currently experiencing any outage or interruption to our service. Still having trouble?

Why does Paramount+ never work?

Paramount+ troubleshooting tips:

Try disconnecting your Wi-Fi router for 30 seconds, then reconnecting it. Sign out of your Paramount+ account and then sign back in. Delete the Paramount+ app that you're using from your device, and then re-download it and log in. Restart the device you are using.