How much could it possibly have been costing them to leave old clips up? I suspect the really old stuff was pretty low traffic, file storage is ridiculously cheap, how much money could this realistically save them?
I'm sure it's not "zero" but I think I'm missing something...is it copyright savings or something?
You’re missing that they want you to subscribe to Paramount Plus, so they’re going to have all of their content there, where you pay them. They mention it in the press release.
Their company IS paramount plus now. It’s all going there.
Not according to the article: "Unfortunately for those in search of older episodes of The Daily Show and The Colbert Report, neither can be found on Paramount+."
It's a real shame too because I might actually be tempted to at least burn a free trial of that service if they had The Colbert Report
I don’t know. It seems pretty clear the other methods of content delivery are going to be consumed entirely. If you’re a company that makes TV, I don’t see another choice.
At the end of the day they’ll all merge into a few streaming services but they cannot afford to sit it out.
"You’re missing that they want you to subscribe to Paramount Plus, so they’re going to have all of their content there"
Most of the comments here seem to have missed that, if true. I did not read the article, the headline implies otherwise, but that surely can be clickbait.
Verb tenses are not hard. I said all their content is going to be there, not that it is already.
They are betting the company on people paying for paramount plus, it would make no sense for them to have free content anywhere else. They’re moving it all now.
Don't be obnoxious. Paramount Plus already culled content in 2023 per the link I gave, they have given no expectation they will make all their back catalog available. Likely they will make more of it available, but not all like you are predicting.
Not much, but they'll benefit much more in the short term in reduced taxes by writing down those assets to zero.
Edit: this was downvoted, and I don't understand why. Am I wrong in thinking this action was made in pursuit of a write down? FWIW, this wasn't a thoughtless comment by a random Internet passerby; I hold 41,905 shares of PARA.
I'm sure it's not "zero" but I think I'm missing something...is it copyright savings or something?