What did Paramount sell, and for how much?

Paramount sold its Argentinian broadcast network Telefé for around $100 million, a significant loss from the $345 million it paid nine years ago.

Which companies are partnering on ad sales and co-productions?

Canada's Bell Media and Fox's Tubi streaming service have struck a wide-ranging deal to collaborate on ad sales, content distribution, and the development of original programming.

How do UK YouTube users compare to other countries in terms of watching local content?

UK YouTube users are less likely to watch entertainment, gaming, and news and politics content from their own country compared to users in France, Italy, Germany, Spain, and the U.S.

Home / Business and Economy / Paramount Offloads Telefé in $100M Deal as Brits Favor U.S. YouTube

Paramount Offloads Telefé in $100M Deal as Brits Favor U.S. YouTube

24 Oct

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Summary

Paramount sells Argentinian broadcast network Telefé for around $100M
Bell Media and Tubi partner on ad sales, content distribution, and co-productions
UK YouTube users watch more U.S. content than local creators

Paramount Offloads Telefé in $100M Deal as Brits Favor U.S. YouTube

In the past month, there has been significant turbulence in the European media landscape. Paramount, the parent company of Skydance, has sold its Argentinian broadcast network Telefé to local businessmen Gustavo Scaglione and José Luis Manzano. While the exact terms of the deal were not disclosed, a leading Argentine newspaper pegged the sale price at around $100M—a substantial loss from the $345M Paramount's predecessor Viacom paid for Telefé nine years ago.

Elsewhere, Canada's Bell Media and Fox's ad-supported streaming service Tubi have forged a wide-ranging partnership. Under the agreement, the two companies will collaborate on ad sales, content distribution, and the development of original programming for Tubi's global platform and Bell's Canadian services. This deal follows on from an October 2023 pact between Bell and Fox to co-produce Canadian originals.