Markets

ViacomCBS' Streaming Video Service to Be Rebranded as Paramount+ Next Year; Will Be Rolled Out Internationally

ViacomCBS (NASDAQ: VIA) has taken some of the wraps off its promised "super service" video-streaming platform. The company announced Tuesday that its current offering, CBS All Access, will be rebranded as Paramount+ in 2021.

Additionally, ViacomCBS said that it would introduce the service abroad, debuting it in markets such as Latin America, the Nordic countries, and Australia next year. It did not specify which countries in Latin America and Scandinavia would be covered.

A hand operating a TV remote, with the TV in the background.

Image source: Getty Images.

Finally, the company provided details on several new TV series that will be launched within Paramount+.  One is The Offer, a scripted series about the making of the classic film The Godfather. Among other titles, the service will also debut a spy drama, Lioness, and a docuseries called The Real Criminal Minds.

Previously, ViacomCBS announced a slate of other series for the streamer, including Kamp Koral, a children's show from the makers of Spongebob Squarepants.

At the moment, CBS All Access offers over 20,000 episodes and films, according to the company. This number will grow to more than 30,000 by the time Paramount+ launches, ViacomCBS wrote.

In the press release heralding the new name, the company quoted its CEO Bob Bakish as saying that "With Paramount+, we're excited to establish one global streaming brand in the broad-pay segment that will draw on the sheer breadth and depth of the ViacomCBS portfolio to offer an extraordinary collection of content for everyone to enjoy."

Perhaps that's why ViacomCBS shares outpaced the gains of the wider stock market on Tuesday, rising to close nearly 1.4% higher on the day.

10 stocks we like better than Viacom
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*

David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Viacom wasn't one of them! That's right -- they think these 10 stocks are even better buys.

See the 10 stocks

 

*Stock Advisor returns as of August 1, 2020

 

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

    The Motley Fool

    Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

    Learn More