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PARAMOUNT GLOBAL

(PARA)
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Delayed Nasdaq  -  04:00:00 2023-05-26 pm EDT
14.91 USD   +5.89%
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CBS CLS B COM STK : CBS AND HULU ANNOUNCE INTERNATIONAL LICENSING AGREEMENT FOR JAPANESE SUBSCRIBERS

09/01/2011 | 09:50am EDT
CBS AND HULU ANNOUNCE INTERNATIONAL LICENSING AGREEMENT FOR JAPANESE SUBSCRIBERS

(Editor’s Note: This release was originally distributed yesterday at 9:00 PM, PST to correspond with an announcement in Tokyo.)

            NEW YORK and TOKYO -- CBS Corporation (NYSE: CBS. A and CBS) and Hulu today announced a multi-year, non-exclusive licensing agreement that will enable certain television shows from across CBS Corporation to be streamed instantly by subscribers to Hulu's new subscription-only service in Japan.

            Under this new deal, Hulu subscribers in Japan will have access to previous seasons of CSI: CRIME SCENE INVESTIGATION, CSI: MIAMI, CSI: NY, NCIS and The CW’s “90210,” as well as a broad range of library programming including "Numb3rs," "Star Trek" and "Twin Peaks."

            “We’re thrilled to have CBS’s world class content be part of Hulu’s first international market and their new venture in Japan,” said Armando Nuñez, President, CBS Studios International.  “This new subscription service marks yet another opportunity to deliver CBS programming to more global viewers in a way that complements our traditional licensing business and realizes even more incremental value from our library.”

            “With the launch in Japan, Hulu is focused on adding meaningfully to the entertainment choices available to Japanese consumers, while providing a valuable new channel for distribution, increased consumer reach and incremental monetization for our premium content partners,” said Johannes Larcher, SVP of International for Hulu.  “The partnership with CBS is significant for the Japan service, and we are excited to bring these popular shows to Japanese entertainment fans anytime and anywhere.”

            Announced today, Hulu in Japan is the Company’s first International expansion.  The new service will offer subscribers unlimited instant access to premium feature films and popular television shows across connected TVs, gaming and entertainment consoles, Blu-ray players, Smartphones, tablets and PC’s, without advertising for ¥1480 per month.

About CBS Corporation

CBS Corporation (NYSE: CBS.A and CBS) is a mass media company with constituent parts that reach back to the beginnings of the broadcast industry, as well as newer businesses that operate on the leading edge of the media industry.  The Company, through its many and varied operations, combines broad reach with well-positioned local businesses, all of which provide it with an extensive distribution network by which it serves audiences and advertisers in all 50 states and key international markets.  It has operations in virtually every field of media and entertainment, including broadcast television (CBS and The CW – a joint venture between CBS Corporation and Warner Bros. Entertainment), cable television (Showtime Networks, Smithsonian Networks and CBS Sports Network), local television (CBS Television Stations), television production and syndication (CBS Television Studios, CBS Studios International and CBS Television Distribution), radio (CBS Radio), advertising on out-of-home media (CBS Outdoor), publishing (Simon & Schuster), interactive media (CBS Interactive), music (CBS Records), licensing and merchandising (CBS Consumer Products), video/DVD (CBS Home Entertainment), motion pictures (CBS Films), and sustainable media (EcoMedia).  For more information, please visit www.cbscorporation.com.

About Hulu

Hulu is an online TV service whose mission is to help people find and enjoy the world's premium content when, where and how they want.  As we pursue this mission, we aspire to create a service that users, advertisers and content owners unabashedly love.  Hulu was founded in 2007 and is operated independently by a dedicated team with offices in Los Angeles, New York, Chicago, Seattle, Tokyo and Beijing.  NBC Universal, News Corporation, The Walt Disney Company, Providence Equity Partners, and the Hulu team share in the ownership of the company ( www.hulu.com)

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ę Publicnow 2011
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Financials (USD)
Sales 2023 30 609 M - -
Net income 2023 -716 M - -
Net Debt 2023 14 274 M - -
P/E ratio 2023 -12,8x
Yield 2023 2,67%
Capitalization 9 817 M 9 817 M -
EV / Sales 2023 0,79x
EV / Sales 2024 0,73x
Nbr of Employees 24 500
Free-Float 50,6%
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Mean consensus HOLD
Number of Analysts 28
Last Close Price 14,91 $
Average target price 19,88 $
Spread / Average Target 33,3%
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Managers and Directors
Robert Marc Bakish President, Chief Executive Officer & Director
Naveen K. Chopra Chief Financial Officer & Executive Vice President
Shari Ellen Redstone Non-Executive Chairman
Philip R. Wiser Chief Technology Officer & Executive VP
Colleen Fahey Rush Chief Research Officer & Executive Vice President
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