Paramount Misses Streaming’s Blank-Check Season

Strong subscriber growth overshadowed by aggressive investment plans as investors take harder look at economics of streaming

The launch of Disney+ has brought a bit of magic to a company whose stock had taken a nosedive after the coronavirus shut down theme parks and movie theaters. WSJ explains how Disney’s streaming platform has become a top competitor in an already crowded field. Photo illustration: Jacob Reynolds/WSJ
By
Dan Gallagher

Sometimes being late to the party means missing the best part.

Just ask the company once known as ViacomCBS. The media giant unveiled its new Paramount Global moniker on Tuesday along with its fourth-quarter results. The renaming closely aligns the company’s identity with the Paramount+ streaming service that launched last March.

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