How ViacomCBS Is Trying to Compete With Netflix
The global streaming business is set to grow at a compounded annual growth rate (CAGR) of 20.4% through 2027. With cable companies struggling to combat cord-cutting, streaming giants like Netflix (NASDAQ: NFLX) -- with its 195 million subscribers worldwide -- are clear beneficiaries of this trend. There will, however, be more than one winner.
Interestingly, ViacomCBS (NASDAQ: VIAC.A) (NASDAQ: VIAC) also looks to be carving out its own success story in the consumer shift to streaming. This legacy cable company is uniquely positioned to effectively compete with Netflix and others in the space; here's why.
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Source Fool.com
