ViacomCBS has withdrawn its quarterly and full-year guidance amid COVID-19 crisis.
ViacomCBS said that production delays and cancellations of events have led it to hold off its previous 2020 guidance.
The media giant cited the postponement of theatrical releases domestically and internationally, cancellation or rescheduling of sports events, and production delays in television and filmed entertainment programming as factors that could have substantial effect on the company’s operating results, cash flows and financial position.