Wide Shot: The streaming splurge is changing how Hollywood deals are valued - News Summed Up

Wide Shot: The streaming splurge is changing how Hollywood deals are valued


AdvertisementJust last week, ViacomCBS made a $900-million deal to get more “South Park” episodes on Comedy Central and a bunch of straight-to-streaming “South Park” movies for Paramount+ (more on that later). (Nicole Vas / Los Angeles Times)AdvertisementBack in 2019, WarnerMedia won a bidding war for exclusive rights to stream “South Park” on HBO Max, paying upward of $500 million. In 1997, when “South Park” debuted, the casual viewer may not have expected much financial aptitude from the guys behind “Mr. Hankey, the Christmas Poo.” But the history of “South Park” reveals some foresight (or luck) almost on the level of George Lucas keeping the “Star Wars” merchandise rights. As Deadline noted, Eros STX shares are now trading below $1 a share.


Source: Los Angeles Times August 10, 2021 12:56 UTC



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