Paramount Global’s success in streaming is hurting its bottom line. The New York owner of the CBS broadcast network and the Paramount movie studio said that the costs of generating gains in streaming crimped the conglomerate’s operating income and forced…
Vivendi’s Canal Plus to buy French Telecom giant Orange’s Film and TV unit
French media and entertainment conglomerate Vivendi’s Canal Plus Group has agreed to acquire production arm Orange Studio and full ownership of TV channels unit OCS from French telecom company Orange. Financial terms weren’t disclosed. The content division Orange Studio co-produces…