Paramount Direct-to-Consumer, publicly owned and headquartered in the US, operates as a segment of Paramount Global. Founded in 2019, the company employs approximately 40,870 individuals and reported $7.6B in revenue as of 2024. Functioning as an entertainment provider, the company specializes in delivering content directly to consumers through digital streaming platforms. This segment includes the subscription service Paramount+, the free ad-supported platform Pluto TV, the premium network Showtime, the African American-focused BET+, and the preschool streaming service Noggin.
Paramount Skydance cleared a key U.S. antitrust waiting period on February 19 for its proposed $108.4 billion all-cash takeover bid for Warner Bros. Discovery, removing one procedural hurdle in its attempt to acquire the company behind HBO Max, though a Department of Justice review still looms. This development follows actor Mark Ruffalo raising questions on February 21 about potential monopolization and the silence of industry figures regarding the situation. Warner Bros. Discovery is reportedly considering takeover offers from both Paramount Skydance and Netflix, a situation that has generated antitrust concerns within Hollywood amidst streaming growth and declining theater attendance.
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