SkyShowtime, the international streaming service established by the Comcast-backed Sky and Paramount pictures, cost its owners close to £300 million last year.
The streamer is available in 20 markets across Europe where neither Sky’s satellite service or Paramount Global’s other streamer Paramount Plus is available. It shows content from Paramount, Comcast’s NBCUniversal and Sky including Babylon, iCarly, Nope, PAW Patrol, Rabbit Hole, Star Trek: Strange New Worlds, Ticket to Paradise, Top Gun: Maverick, Tulsa King, Yellowjackets and Yellowstone.
Accounts for the UK-based business first revealed in The Sunday Times show costs for the first 13 months of operation to December 2022 coming in at €323 million. It generated revenues of €133 million, and its losses amounted to €190 million. The majority of the expenditure went on Paramount and Sky produced content.
The company is expecting the losses to continued for the first few years of operation.
Sky Showtime has hired a number of senior staff under former Comcast Cable executive Monty Sarhan.
The streamer has launched original content in the Nordics and replaced Ziggo’s previous in-house on demand offer in the Netherlands.
