Industry News

Paramount+ shows signs of momentum as Netflix stumbles, thanks to originals like '1883’

4 May, 2022

Paramount+ is gaining momentum. The Paramount Global (formerly called ViacomCBS) streaming service added 6.8 million new subscribers in Q1, the company said on Tuesday in its earnings report, bringing the total subscribers for the platform to "almost 40 million."

It follows a troubling first quarter for Netflix, which lost subscribers for the first time in a decade and raised fresh doubts throughout Wall Street about the streaming business.

But there's signs of hope for Paramount+, and not just because of its subscriber growth.

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