Sunday, 24 October 2021

Viacom zigs as wannabe Netflix peers zag

Reuters

NEW YORK: The MTV owner is buying a free streaming-TV service for $340mn. That’s chump change compared with the $180bn Disney, AT&T and Comcast have collectively spent on media deals to keep pace with Reed Hastings’s firm. Low-budget Viacom is wisely choosing a less-traveled path.

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