Tag: Paramount
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More Staff Cuts Coming to Paramount
Earlier this month, Paramount announced it would be laying off 25% of its staff. Now, the Smithsonian Channel is the focal point of more staff cuts.
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Paramount Gets A Much-Needed Cash Infusion
Private equity firm BDT & MSD Capital Partners invested $125 million in National Amusements Inc. to help the company through a rough patch.
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Paramount Rebrands & Refocuses Its Studios
The studio wishes to better align with international audiences and feature new content from creators within its streaming reach to accelerate growth.
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Indiana Jones Movies Are Coming to Disney+ & Paramount+
Lucasfilm President Kathleen Kennedy announced the Indiana Jones franchise will begin streaming on Disney+ and Paramount+ starting May 31st.
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Paramount is Laying Off 25% of Its Cable TV Staff at Comedy Central, MTV, CMT, Nick, & More, Along With Shutting Down MTV News
Yesterday it was reported that Paramount would be laying off 25% of its staff across the board at its cable TV networks. This includes staff at Nick, MTV, Comedy Central, Paramount Network, CMT, Smithsonian, TV Land, Logo and Pop TV. Paramount also announced that MTV News would be shutting down as well. In a memo…
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Paramount Wants to Sell Simon & Schuster
Paramount Global is once again working with financial advisors to successfully sell Simon & Schuster, the third largest book publisher.
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The Crazy High Cost of Paramount’s Yellowstone TV Show
Some confusion over spending occurred when the Paramount Network was readying for its fifth and final season of Yellowstone,
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Paramount+ & Pluto TV Saw Huge Growth in 1st Quarter of 2023 As Pluto TV is Now The Largest Free Streaming Service
Today Paramount reported their 1st quarter 2023 earnings with great news about their streaming services. Paramount+ reached 60 million paid subscribers. Paramounts free streaming service Pluto TV reached 80 million monthly active users. “Paramount continues to demonstrate the strength of its content engine, driving momentum across streaming, television and theatrical. This resulted in Paramount+ and…
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Paramount Wins a $167 Million Settlement From CBS Shareholders
Today Paramount announced a deal to settle a suit by shareholders of the former CBS against some of its former officers and directors, including Shari Redstone and Joseph Ianiello. With this settlement, Paramount will receive $167.5 million pending court approval, according to Deadline. This case marks the end of two shareholder suits by former Viacom and CBS…
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Paramount Sues Warner Bros. Discovery Over $52 Million in Unpaid ‘South Park’ Streaming Rights
This week Paramount countered sued Warner Bros. Discovery over unpaid streaming rights for the show South Park. Warner Bros. Discovery reportedly owes Paramount $52 million for streaming rights to South Park. “Warner Bros. Discovery has indefensibly refused to pay the more than $50 million dollars it owes for South Park content that it has undisputedly…