'It's exciting to see someone with Berkshire's track record see a lot of that same opportunity,' Naveen Chopra told an investors conference.
During his investor conference appearance, Chopra addressed the tough competition in streaming Paramount faces from the likes of Disney, Netflix and Warner Bros. Discovery. He argued the studio has enough hits and firepower from its “traditional world,” as he called his legacy broadcast assets, and Paramount+, the flagship streaming platform.
“It’s a very powerful content offering,” Chopra said of the partnership that allowed the studio to penetrate European markets where Paramount Global chose not to go it alone.
“There’s really nothing that has happened over the last few weeks that changes our strategy. If anything, I think it validates what we’re doing,” he said. Chopra argued Paramount Global has a diversified streaming model with subscription video-on-demand, ad-supported streaming platforms and hybrid offerings, against a subscription video-on-demand model for Netflix.