Everyone's Increasing Streaming Content Spend
There's a big theme among media companies this earnings season: They're all planning to increase their content spending on streaming media. Paramount Global (NASDAQ: PARA) -- formerly ViacomCBS -- was the latest company to share its plans to step up content expenses with investors when it reported its fourth-quarter earnings earlier this month.
The company joins Walt Disney (NYSE: DIS), AT&T's (NYSE: T) WarnerMedia, and Comcast's (NASDAQ: CMCSA) NBCUniversal, which all plan to spend more on streaming over the next few years. They're all chasing Netflix (NASDAQ: NFLX) and its massive budget for original content.
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Source Fool.com
