Part of multilateral global partnership with Korea's CJ ENM

Co-investment in local content to showcase local talent and fuel streaming library

Seoul, Korea – Paramount+ today officially marked its entry to Asia with the launch of its streaming service in South Korea on the number-one K-content platform, TVING. Beginning today, existing TVING subscribers can stream Paramount+ content at no extra charge.

The launch of Paramount+ brings unique stories, iconic stars, and a mountain of entertainment to South Korean audiences on TVING. Paramount+'s robust line-up includes Paramount+ originals such as HALO, in addition to YELLOWJACKETS, SUPER PUMPED: THE BATTLE FOR UBER, MAYOR OF KINGSTOWN, and 1883. These titles will all be released for the first time in Korea, exclusively on Paramount+.

Subscribers can also watch Paramount Pictures' classic already theatrically released hits, such as MISSION: IMPOSSIBLE, TOP GUN, TRANSFORMERS, THE GODFATHER, and FORREST GUMP; popular CBS series such as CSI: CRIME SCENE INVESTIGATION and NCIS, animated favourites such as Nickelodeon's SPONGEBOB SQUAREPANTS and Comedy Central's SOUTH PARK, as well as MTV's young adult series and popular SHOWTIME® titles.

The launch is part of a strategic global partnership between Paramount Global and CJ ENM that includes content licensing and distribution across Paramount+ and TVING, as well as seven Korean original series.

The first Korean local production resulting from this partnership is YONDER, which will be premiering later this year on TVING in Korea. YONDER will also premiere on Paramount+ in all international markets where the service is available. Set in 2032, Yonder is a drama/science fiction series about a man who receives a message from his deceased wife inviting him to the mysterious space called Yonder. The space is designed for the dead to be able to live on by uploading memories of their lifetime from their brain. The show raises questions about life and death and what it means to have eternal happiness as humanity faces a world altered by advancements in science and technology.

As part of the company's investment in content, Paramount is also looking at opportunities and projects for Korean adaptations of known Paramount scripted I.P.s, global franchises, and reality programmes.

Mark Specht, Executive Vice President & Managing Director, Central & Northern Europe and Asia, Paramount, said, "The launch of Paramount+ in Korea with TVING marks a pivotal moment in our expansion, as we introduce our premium streaming service to Asia. South Korea is a vibrant market for streaming as well as content production, music, and culture. We are very excited to partner with CJ ENM to expand our streaming business and produce great Korean content for audiences in Korea, Asia, and around the globe."

Jay Yang, CEO of TVING, commented "Please look forward to the well-made, various K-content that will enter the global market through the partnership of No.1 K-content platform TVING and one of the top entertainment companies, Paramount."

* * *

About Paramount+

Paramount+ is a global digital subscription video streaming service from Paramount that features a mountain of premium entertainment for audiences of all ages. Internationally, the streaming service features an expansive library of original series, hit shows and popular movies across every genre from world-renowned brands and production studios, including SHOWTIME®, BET, CBS, Comedy Central, MTV, Nickelodeon, Paramount Pictures and the Smithsonian Channel™, in addition to a robust offering of premier local content. The service is currently live in the U.S., Canada, Latin America, the Caribbean, the Nordics, Australia and South Korea.

About TVING

TVING is one of Korea's leading online streaming platforms. Originally founded by leading entertainment company CJ ENM, TVING launched as an independent corporation in October 2020. Since then, TVING has been increasing its business value by collaborating with leading companies across the globe. Under its slogan "All Things for Every Fandom", the streaming service features an expansive library of TVING originals, K-dramas, entertainment shows, international hit series, popular movies, animation across a wide array of genres in addition to live sports. From the widely acclaimed K-dramas , to entertainment shows , , , TVING has already established a rich portfolio of original series that have been greatly received by global audiences. Starting with Japan and Taiwan, TVING plans to expand its global footprint and with a mission to introduce more K-content to the world. Paramount+, a U.S. streaming service owned by Paramount Global, will begin its service through local streamer TVING as a branded zone. For more information, please visit http://www.tving.com.