ViacomCBS Streaming event: all the Paramount+ details

• Launch:
• 210304 in US, Canada, Latam (18 countries); replaces CBS All Access
• 210325 in Nordics
• mid 2021 in Australia
• Tiers:
• 10 $/mo ad-free or 100 $/yr
• 5 $/mo with ads or 60 $/yr (excl CBS local stations; launches June 2021)
• Content:
• To include entertainment, live sports, breaking news, local news & weather; to add linear channels
• >30k episodes (incl 5k reality episodes, 7k kids episodes, 6k comedy), documentaries (4-5 originals on football per year), >2500 movies (incl 700 from Miramax; MGM titles), >1000 sports events/year, to add 36 original series in 2021, total >50 in 2021-22
• Windows:
• Select new films 30-45 days after theatrical release on Paramount+ (A quiet place Part 2 (in theaters 210917), Mission Impossible 7 (in theaters 211119) on Paramount+ after 45 days) (also MGM, Sony, Lionsgate: pay 1 window)
• Other films after 90 days
• Curation: to curate by brand & genre, recommendations, mobile downloads, feature 'On Now'
• Quality: Originals in 4K, HDR, Dolby Vision
• Brands: Paramount, CBS, MTV, Nick, Comedy Central, BET, Smithsonian Channel
• Other streaming services:
• Pluto TV (43m MAU o/w 30.1m in US), Showtime, BET+ (1.5m subs)
• Showtime + CBS All Access 30m subs YE 2020 o/w 19.2m in US
• Investments:
• $15b in 2020 for content (incl sports rights)
• Linear & streaming content budget to grow to $5b by 2024 (2020: $1b)
• Targets:
• 65-75m subs YE 2024 (YE 2020: 43.1m)
• Streaming rev 2024 $7b (2020: 3.6b)
• Pluto TV MAU 100-120m by 2024

Remaining questions:

• Further roll-out schedule
• Ad load (in terms of min/hr)
• Number of simultaneous screens