Co-CEO Chris McCarthy says: “We have not seen a meaningful impact due to the dynamic macro environment. That said, looking forward, given the uncertainty, we are prioritizing key investments while taking incremental steps to streamline non content expenses…. Yellowstone, the series remains the number one star driver and the number one engagement driver for us internationally. And the momentum will continue as we expand the franchise with three new series, starting with the Dutton Ranch, which will premiere globally in Q4… Turning to Pluto TV, the service delivered its highest consumption ever, with global viewing time up 26% year over year. Now monetization has been softer than expected due to the influx of supply. We anticipate supply demand dynamics will stabilize over time and the continued increases in engagement on Paramount (PARA) plus and Pluto will lead to improved monetization over time.” Comments taken from Q1 earnings conference call.
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