Paramount's latest earnings report showed a 4% decline in linear TV revenue, emphasizing the struggles of traditional television. In stark contrast, the company's streaming division, which includes Paramount+, experienced significant growth with a 16% revenue increase attributed to a surge of 5.6 million new subscribers. YouTube has also made headlines, surpassing one billion monthly users for its podcasts, dominating the U.S. podcast scene. Meanwhile, digital rights activists from Eko have initiated complaints against Meta in Europe, claiming it continues targeted ads despite user opt-out requests, seeking accountability from data protection authorities.
Paramount's linear TV unit saw its overall revenue decline by 4%, highlighting traditional TV's challenges. Conversely, its streaming division delivered a 16% revenue growth thanks to new subscribers.
YouTube podcasts have reached over one billion monthly listeners, making it the leading platform for podcast consumption in the U.S. Users logged more than 400 million hours of content last year.
Digital rights activists at Eko filed complaints against Meta, alleging the company ignored user opt-out requests for data collection, aiming to prompt European authorities to investigate.
Paramount Global has announced the end of its DEI hiring goals, reflecting a shift in corporate approaches amidst broader market changes in media consumption and advertising.
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