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A part of the reason is that licensing out titles is usually a profitable enterprise. To this point this year, ViacomCBS made $4.6 billion from licensing, almost a quarter of the company’s whole income. That cash comes from an array of licenses, from Television syndication to Paw Patrol stuffed animals and costumes. However farming out titles like Yellowstone, South Park and others to Paramount Plus’ direct rivals is a part of it too. While you grant your own programming to your personal service solely, you forsake piles of that cash you could possibly’ve hauled in in case you’d licensed it to someone else.
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