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AT&T Inc. (T) - free report >>
Apple Inc. (AAPL) - free report >>
Comcast Corporation (CMCSA) - free report >>
ViacomCBS to Launch a New Streaming Service
After Viacom and CBS merged late last year in an all-stock deal, the new media corporation ViacomCBS is working on a new streaming service, according to anonymous sources who spoke with CNBC. It will compete with Netflix (NFLX - Free Report) , Disney’s (DIS - Free Report) Disney+, Apple’s (AAPL - Free Report) AppleTV+, and the upcoming HBO Max from AT&T (T - Free Report) and Peacock from Comcast (CMCSA - Free Report) -owned NBCUniversal.
The new service will build on CBS All Access, which has been around since 2014, and include Viacom assets like Nickelodeon, BET, MTV, Comedy Central, and Paramount Pictures.
Both an ad-free and ad-supported will reportedly be options, along with a premium version that will include Showtime; the monthly cost is expected to be less than $10.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.6% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>