Viacom CBS to launch Paramount by 2022

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The media company announced it will launch Paramount by Sky in 2022 in the United Kingdom, Ireland, Italy, Germany, Switzerland and Austria.

Streaming revenue at ViacomCBS also resumed 92% year on year, on the back of a recovery in advertising as live sports grew aussi.

Revenue rose 8% to $6.56 billion in the second quarter ended June 30, beating estimated revenues of $6.48 billion according to IBES data from Refinitiv.