VIACA - ViacomCBS launching Paramount Plus with major presentation

ViacomCBS ([[VIAC]], [[VIACA]]) is kicking off its "streaming event" now (after an inauspicious half-hour delay, which the company attributes to "last-minute registrations") with an opener from Shari Redstone."You know us as a value stock," she says, but "inside our value company is a powerful engine for growth." The event promises details on its Paramount Plus strategy and offerings as well as how ad-supported Pluto TV and Showtime OTT fit in. Watch this space for key updates, but be patient: As with Disney's mega-event in December, ViacomCBS is planning a 3.5-hour presentation to roll out the high-stakes service. No doubt a lot of that will be devoted to showing off the content library, while investors will be staying tuned for the details that might come late in the "show": namely, price points. The company just posted earnings where it topped consensus on EPS though revenues trailed slightly.Currently: [[VIAC]] +0.6%.

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ViacomCBS launching Paramount Plus with major presentation