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Paramount is laying off 15% of its staff, or about 2,000 people, in a major cost-cutting move aimed at finding $500 million in annual savings. ... What happened? Over the last year, as the company ...
United States v. Paramount Pictures, Inc., 334 U.S. 131 (1948) (also known as the Hollywood Antitrust Case of 1948, the Paramount Case, or the Paramount Decision), was a landmark United States Supreme Court antitrust case that decided the fate of film studios owning their own theatres and holding exclusivity rights on which theatres would show their movies.
Paramount also took a $6 billion write-down on its broadcast TV networks. The hardest part of the past year, according to a former employee who survived the February job cuts, was the period after ...
According to Paramount Global, the merger will inject significant capital into Paramount, helping to address its debt and enabling investments in new content and technologies. [44] It will support Paramount Global's expansion into other entertainment industries, such as animation, sports and video games, where it currently has less presence.
Paramount Pictures Corporation, commonly known as Paramount Pictures or simply Paramount, is an American film production and distribution company and the flagship ...
The future of Paramount Global now hangs in the balance after Shari Redstone, who controls Paramount through her family's holding company National Amusements (NAI), ended merger talks with ...
Paramount’s Office of the CEO acknowledged the company faces more uncertainty after the deal dissolved. ... What happened when 4 teens swapped their smartphones for flip phones. Lighter Side.
The 2019 merger of CBS Corporation and Viacom was announced on August 13, 2019, and was completed on December 4, 2019. The merger of equals reunited CBS Corporation and Viacom into a single company known as ViacomCBS (today known as Paramount Global) after their separation from the first incarnation of Viacom on December 31, 2005.