Why ViacomCBS Shares Jumped 33% in February

Why ViacomCBS Shares Jumped 33% in February

Shares of ViacomCBS (NASDAQ: VIAC) jumped 33% in February, according to data provided by S&P Global Market Intelligence, after the company announced earnings and a new streaming service. ViacomCBS announced a streaming service called Paramount+, which will include 30,000 TV episodes, 2,500 movies, 1,000 live sporting events, and live news. Importantly, this will replace CBS All Access, which never really took off as a stand-alone service.