ViacomCBS - Unparalleled Synergies

Investors in the Elevation Capital Global Shares Fund own shares in ViacomCBS [VIAC.O], a global media and entertainment conglomerate that controls industry-leading assets including Paramount Pictures, CBS, and Comedy Central. Viacom and CBS completed a merger in December 2019 to combine respective libraries to compete with the vertical integration of competitors. As at 2 October 2020, ViacomCBS is one of the Fund’s largest holdings. 

In 2020, ViacomCBS’ most important segment for top-line growth is streaming. ViacomCBS has announced plans to launch Paramount+ in 2021, a one-stop-shop streaming service that will offer consumers a combination of live entertainment, including live sports and news, exclusive productions and content from the company’s impressive library. We believe Parmount+ will be a valuable asset in any consumers streaming bundle. The streaming industry is not a zero-sum game, Deloitte estimates that streaming subscribers average twelve media and entertainment services subscriptions. We believe that the offer will appeal to a range of demographics due to the diversification of content. ViacomCBS also owns the world’s largest ad-supported free streaming service in Pluto.

Learn more about why we believe ViacomCBS represents a compelling long-term investment opportunity by reading our summary report here.