ViacomCBS to Sell $3 Billion in Stock to Fuel Spending on Streaming Content

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ViacomCBS to Sell $3 Billion in Stock to Fuel Spending on Streaming Content

Post by Admin » Mon Mar 22, 2021 11:59 pm

ViacomCBS is readying itself to write some bigger checks for content flowing to Paramount Plus and its other streaming properties.

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The company, which bowed the Paramount Plus streaming service earlier this month in an expanded foray onto the streaming battlefield, announced Monday that it plans to sell $3 billion worth of stock. ViacomCBS said it plans to use the funds from the stock sales for “investments in streaming,” among other general corporate purposes... Read more at Variety.com

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