- Instead of a single breakthrough, steady improvement has greatly brightened my outlook on ViacomCBS compared to my last look.
- Viacom's CBS merger plugs its biggest hole, the absence of a viable streaming service, as All Access/Showtime are growing rapidly with new Viacom content.
- Meanwhile, Viacom has avoided falling into traditional pay-TV's biggest trap, overpriced sports rights. The CBS broadcast network remains strong and should have considerable further runway for growth.
- Viacom has overcome fears its cable nets would be extraneous in the new streaming world, as every streaming-TV service that had dropped them has restored them, sometimes with better terms.
- The challenge remains forming a viable standalone streaming operation, and obstacles remain here. However, Viacom is now in a stronger position to address them.
For further details see:
The CBS Merger May Be About To Pay Off Big For Viacom