Paramount Global has seemingly done everything Wall Street demanded of Hollywood in recent years. It selectively and strategically licensed key titles on the open market while reclaiming others for its own uses, built both a growing FAST service .
Paramount+ adds 2.7 million subscribers and streaming losses fall from $343 million to $238 million, with total revenue up 38%. Yellowstone returning next year.
Second quarter earnings show Paramount+ adds another 1 million subscribers and narrower streaming losses. But tough comparisons to last year yield box offices declines.