Three out of ten US consumers have reconsidered their SVOD services due to financial struggles, while 37% said they would try new ad-supported streaming services to discover new content, and others take advantage of free trials.
ViacomCBS International Studios and ViacomCBS Global Distribution Group along with Discovery, Inc., and Newen are the latest companies to confirm they will premiere content as part of the presentations.
Amid the reorganization, Piotr Korycki, the CEO of Polish TV giant TVN, will exit the company. With the changes, the company hopes to improve strategic focus and enable further investment in its direct-to-consumer businesses.
Discovery Networks Asia has acquired the factual entertainment series “Around The World By Train,” presented Sir Tony Robinson, and will start broadcasting it this October.
The company saw its revenues drop by 12% overall in Q2 to US$2.541 billion as the COVID-19 pandemic hit ad sales in particular. Operating income before depreciation and amortization (OIBDA) dropped by 11% to US$1.127 billion with a particular hit from international markets.