Cbs, Viacom To Reunite As Media Giants Bulk Up For Streaming

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Thu, 08/15/2019 - 7:04pm

CBS, Viacom to reunite as media giants bulk up for streaming

NEW YORK (AP) — The newly combined ViacomCBS will invest in more movies and TV shows and try to sell more advertising as it seeks to become a bigger player in the growing business of streaming video. Yet the bigger company still might not be big enough to be competitive, as larger rival Disney launches its own service in November and streaming pioneer Netflix spends even more on original shows and movies. That isn't stopping Viacom CEO Bob Bakish, who will lead the combined company, to declare that ViacomCBS will be "one of only a few companies with the breadth and depth of content and reach to shape the future of our industry.Read more on NewsOK.com

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