Rebranded Channel 5 returns to profit despite advertising hit Media Broadcaster 5 returned to profit despite its turnover falling by almost £80m during its latest financial year, it has been revealed. The business, which is owned by Paramount, has posted a pre-tax profit of £30.6m for 2024, new accounts filed with Companies House show. The total is up from the £159.5m pre-tax loss it reported [...]
Ronnie O’Sullivan and Thomas the Tank Engine director launch snooker TV channel Sport Business Ronnie O’Sullivan has teamed up with a former director of Thomas the Tank Engine to launch the world’s first dedicated snooker TV channel. Pluto Snooker 900, which launches next week, promises to show a combination of live action, classic matches and O’Sullivan’s coaching series, The Rocket Method. It is the brainchild of Jason Francis, a [...]
Paramount bags South Park in $1.5bn deal after fierce bidding war Media Paramount has inked a $1.5bn (£1.1bn) deal with South Park creators Trey Parker and Matt Stone, bringing the long-running animated satire exclusively to its streaming platform Paramount+ after a drawn-out bidding war with rivals including HBO Max and Netflix. The five-year agreement grants Paramount+ streaming rights to all 26 previous seasons of the Emmy-winning show [...]
Channel 5 to show Club World Cup in UK after deal with Dazn April 23, 2025 Channel 5 will broadcast live more than a third of the matches including the final at this summer’s Club World Cup after striking a sublicensing deal with Dazn. The broadcaster, which is owned by US media giant Paramount, has agreed to take 23 of the 63 matches at the first 32-team edition of Fifa’s ambitious [...]
Channel 5 loses £160m ahead of major rebrand amid audience growth December 9, 2024 Channel 5 has insisted its operating model remains stable despite losing almost £160m during 2023, it has been revealed. The channel, which is set to rebrand simply as 5 in April 2025, has slumped to the loss as a result of the value of its investment in Viacom Interactive – a subsidiary of parent company [...]