Tag: Paramount
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Paramount Wants to Make MTV Cool Again
In a bold move to recapture its former glory, Paramount, now under the leadership of Skydance Chief Executive David Ellison, is setting its sights on revitalizing MTV, the iconic cable network that once shaped America’s pop culture landscape. This spring, Ellison convened a group of former MTV executives at an upscale Italian restaurant in West…
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Paramount’s New Leadership Orders Full-Time Return to Office Mandate 5 Days a Week If You Want to Keep Your Job
Paramount Global’s new leadership, under Chairman and CEO David Ellison, is implementing sweeping changes following the company’s recent acquisition by Skydance. The latest move, announced in a companywide email on Thursday, mandates a full-time return-to-office (RTO) policy, requiring all employees to work in the office five days a week according to Deadline. This directive aligns…
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Call of Duty Enlists Paramount for Big-Screen Mission
Lay down your tactical insertion and set up camp. Paramount is officially bringing Call of Duty to the big screen. As part of a new post-merger strategy, the studio behind Top Gun: Maverick has signed a deal with Activision to develop, produce, and distribute a live-action feature film based on the massively popular video game…
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Former Paramount Executive Says “You Need to Blow It Up”
The recent $8.4 billion merger between Paramount and Skydance is set to reshape the legacy media giant into a markedly different entity within the next two years, according to Doug Herzog, a former top executive at Viacom, now part of Paramount. Speaking on the TV of Tomorrow podcast, Herzog, who once led Viacom’s Music Entertainment…
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More Job Cuts Coming for Paramount, Sources Say
The layoffs aren’t over for Paramount yet, according to a new report from the NY Post. Sources say that Jeff Shell, now the president of Paramount under it’s new owner Skydance, is having managers create “kill lists” ahead of a round of layoffs that they’re calling a “bloodbath.” According to the sources, the lists from…
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Paramount Braces for Massive Layoffs as New Leadership Targets $2 Billion in Savings
Paramount Global, now under the control of David Ellison following an $8.4 billion acquisition from Shari Redstone, is preparing for significant layoffs as part of a sweeping cost-cutting initiative aimed at saving $2 billion. The announcement comes just weeks after Paramount committed over $9 billion to high-profile deals with UFC and the creators of South…
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Paramount Now Has New Leadership as Merger Finalizes
Paramount Skydance Corporation officially launched today, marking the completion of the $8.4 billion merger between Paramount Global and Skydance Media. With the deal finalized, Skydance’s leadership team, led by David Ellison as Chairman and CEO and Jeff Shell as President, has taken the helm of the newly formed media powerhouse. This transition ends the Redstone…
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Pluto TV’s Co-Founder is Stepping Down from Pluto and Paramount
Tom Ryan, co-founder of Pluto TV and President & CEO of Paramount Streaming, is leaving the company. In a note to staff Monday, Ryan shared the news, along with his memories of founding Pluto TV and growing Paramount+. The co-founder launched Pluto TV in April 2014. The free streaming service was acquired by Viacom in…
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Paramount+ Loses 1.3 Million Subscribers Ahead of Skydance Acquisition
Paramount released its Q2 2025 earnings report Thursday, along with comments from Non-Executive Chair Shari Redstone and Co-CEOs George Cheeks, Chris McCarthy, and Brian Robbins. The report showed that Paramount+ reached 77.7 million subscribers, a decrease of 1.3 million for the quarter. Paramount cited “the expiration of an international hard bundle deal” as the reason…
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Paramount and Skydance Announce Anticipated Closing Date of August 7
Yesterday, the FCC gave Paramount Global and Skydance Media approval to move ahead with their merger. Today, the two companies have shared that the anticipated closing date of the deal is August 7, 2025. In Friday’s announcement, Paramount and Skydance also said that stock shares for the “New Paramount” will begin trading on the Nasdaq…