ViacomCBS: Paramount+ To Debut In Asia As Bundle With CJ ENM's Streaming Service

ViacomCBS (VIACA,VIAC) has entered new strategic partnership with CJ ENM, which enables the company to accelerate Paramount+ subscriber growth to audiences worldwide. The deal includes co-productions for original series and films, content licensing and distribution across ViacomCBS' and CJ ENM's streaming services. Also, Paramount+ will debut in South Korea in 2022 as an exclusive bundle with TVING, CJ ENM's streaming service, marking its entry to the Asian market.

Under the strategic partnership, ViacomCBS and CJ ENM will co-develop and co-finance movies for theatrical and streaming releases. ViacomCBS and TVING will co-finance new Korean series for global distribution on Paramount+. The free ad-supported streaming television service (FAST) in America, Pluto TV, will launch a dedicated CJ ENM branded channel on December 14. Also, Paramount+ will license Korean-language series from CJ ENM's library of IP.

"We are focused on the rapid expansion of Paramount+ in markets around the world," said Raffaele Annecchino, President and CEO, ViacomCBS Networks International.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. air travel industry is going through its worst crisis since the troubled travel time during the peek pandemic struggles, with thousands of flights across the country being cancelled or getting delayed. The aviation crisis, as millions are preparing to travel during the upcoming July 4th holiday weekend, is mainly attributed to the staffing issues at airlines, ... The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS has issued a public health alert for Siluriformes products imported by Carlstadt, New Jersey- based Grand BK Corp. The products were imported from Korea, a country ineligible to export Siluriformes products to the United States. Blount Fine Foods is recalling a limited amount of Panera at Home Southwest Corn Chowder citing undeclared wheat allergen, the U.S. Food and Drug Administration said. The recall involves a single lot of 16 oz. product with UPC Code 077958690812, lot number 042122-2K and "Use By" date of 6/30/22 that comes around 2,569 cases in total. The recall is limited to 1 SKU of 16 oz.
Follow RTT