PARAMOUNT GLOBAL TO COMBINE CHANNEL 5’S VIDEO-ON-DEMAND PLATFORM MY5 AND ITS LEADING FAST SERVICE PLUTO TV TO BRING UK AUDIENCES A NEWLY CONSOLIDATED, FREE, LOCAL STREAMING DESTINATION IN 2024
The unified advertising-supported platform will combine My5 with Pluto TV, delivering fans popular local content from Channel 5, a deep archive of on-demand, curated FAST channels from Pluto TV, and a new user experience that spans BVOD, FAST, AVOD, and Live TV
1 November 2023: Paramount today announced it will combine Channel 5’s broadcast video-on-demand (BVOD) service, My5, with its leading FAST service Pluto TV, to bring audiences in the UK a supersized, free streaming service in 2024 by consolidating its broadcast video-on-demand (BVOD) service, My5, with its leading FAST service Pluto TV, in this critical market.
The advertising-supported free streaming destination will give viewers in the UK access to an extensive range of new, exclusive and archived content from Channel 5, as well as an extensive on-demand section and an outstanding collection of curated FAST channels from Pluto TV. The product, which will leverage Pluto TV’s best-in-class technology platform, will combine BVOD, FAST, AVOD and Live TV all at once, allowing audiences to lean back, lean forward, catch up and watch their favourite shows live.
"We're proud of the huge success and growth in viewing that we have seen on our BVOD service, My5. As we look ahead to an IP-delivered future, this is the right time for us to fully leverage the Paramount ecosystem and combine the reach and scale of our free-to-air network in the UK with the global success of our FAST service, Pluto TV. We're well underway with work on this product, and I'm incredibly excited about the content and user experience we'll be able to offer our audiences and our advertising partners when we launch next year," said Maria Kyriacou, President, Broadcast & Studios, Paramount International Markets.
"As an early pioneer of FAST globally, we've seen incredible growth and excitement for Pluto TV in markets around the world. By joining forces with our leading BVOD platform in the UK, we are offering audiences, partners, and clients a supersized free streaming destination that we know they'll love," said Olivier Jollet, EVP and General Manager Pluto TV, Paramount International Markets. "This is a significant evolution for our free streaming business in this important market and a testament to how we strategically approach our platforms and the future of streaming."
The newly combined streaming service will enable Channel 5 to extend its provision of high-quality public service content in a digitally delivered future – and build on the network's acclaimed recent success. Channel 5 has grown its share of the UK television audience over the last four years consecutively, and its BVOD service My5 has grown its viewing over the last three years consecutively – thanks to hit shows like Dalgleish, All Creatures Great And Small, Ben Fogle: New Lives In The Wild, The Yorkshire Vet and Dogs Behaving (Very) Badly.
Pluto TV is the pioneer of the FAST industry and the most widely distributed FAST service worldwide. With more than 2000 channels globally from over 425 content partners, Pluto TV is the first destination for FAST lovers, including clients and partners who want to reach an extensive audience. Pluto TV has grown exponentially during the past several years, reaching annual revenue in excess of $1BN and expanding its footprint across four continents and over 35 markets.
Pluto TV's content offering spans multiple genres via curated channels and on demand, including global and local film and series selections, Kids & Family content, stand-up comedy, sports, and much more. The service in the UK has over 20,000 hours of free content and more than 150 channels programmed with content from Paramount and other content partners, including iconic characters Judge Judy Sheindlin and Dog The Bounty Hunter, the three classic series in the CSI Universe, MTV hits like Catfish and Teen Mum, 10 curated movie channels as well as numerous factual hits like Channel 5's Police Interceptors, Come Dine With Me, true crime classic Homicide Hunter and fan favourite Most Haunted.
Work on the new product is underway, with a launch planned for the second half of 2024. Further details on the brand and product will be announced in early 2024.
About Paramount
Paramount Global (NASDAQ: PARA, PARAA) is a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, Paramount's portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV. Paramount holds one of the industry's most extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the company provides powerful capabilities in production, distribution, and advertising solutions.
For more information about Paramount, please visit www.paramount.com and follow @ParamountCo on social platforms.
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