- Will focus on producing produce more shows and movies for others as streaming video giants battle for viewers.
Viacom (VIA) and sister company CBS (CBS) are pushing to become original content providers for other distributors like Netflix (NFLX), Disney (DIS) and WarnerMedia (ATT).
Viacom and CBS are looking to sign production deals with other service providers, rather than fight for viewers to stay away from the highly competitive streaming service business.
Viacom Inc announced a film production deal with Netflix Inc through its Nickelodeon kids division. Nickelodeon will produce the films “The Loud House” and “Rise of the Teenage Mutant Ninja Turtles,” which are based on its hit television franchises. The company hopes those films on other platforms will send viewers back to Viacom-owned networks.
Article By: Fatimah Aminu
Fatimah is an experienced editor at various financial and consumer publishing houses. She obtained a master’s degree in Publishing from NYU, where she earned a bachelor of fine arts degree. She is currently earning a second masters degree at CUNY online in Psychology. Fatimah covers healthcare, cannabis and technology.