WASHINGTON, Aug 9 — Entertainment giant Paramount yesterday announced a US$6 billion (RM26.7 billion) write-down on its TV channels, citing the ongoing decline of US cable TV,...
MoH confirms case of 14-year-old impersonating Sultan Idris Shah Hospital staff, says teen used fake IC to pose as employee
In contrast, Paramount’s streaming division saw a profit of US$26 million in the second quarter, despite a drop in subscribers. Group revenue fell by 11 per cent to US$6.8 billion, leading to a net loss of US$5.4 billion for the quarter. US cable TV used to be a reliable source of income for Hollywood. However, viewers and advertisers are increasingly moving to streaming platforms.
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