ViacomCBS is the name of a merged corporation between CBS and Viacom. It will create a joint media library including over 140,000 TV episodes and 3,600 movies.

In their announcement, the companies note that the merger creates a joint content library that includes more than 140,000 TV episodes and 3,600 films, and “reunites fan-favorite franchises such as Star Trek and Mission: Impossible” (which were previously split between Paramount on the film side and CBS on the TV side). They also say that this will allow them to “accelerate” their direct-to-consumer strategy, which includes offerings like CBS All Access, Showtime and Pluto TV. The deal is expected to close by the end of 2019.

Data from Leichtman Research Group showed the rise in cord cutters continues unabated.  Cable companies lost 455,263 subscribers in Q2 2019. Traditional TV as a whole lost 1.53 million subscribers in the quarter.  Fast Company took a look at the research.

Leichtman says this is the fourth consecutive quarter of record losses for the industry, but the bigger story is that cable TV losses are in line with where satellite providers were a year ago. In Q2 2018, Dish Network and DirecTV combined for a loss of 478,000 subscribers, and last quarter, their losses nearly doubled year-over-year, to 857,000 subscribers. Without big changes, cable TV could be looking at similarly bleak results a year from now. Not that they care too much. While satellite providers don’t have other clear business models to fall back on, cable companies can profit from cord cutting by selling more internet service at faster speeds.