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ViacomCBS has decided to shut down the standalone version of Paramount Plus in Sweden, Norway, Denmark and Finland — less than a year after launching the streamer in the Nordics — and will ...
Paramount Global might be seeing success with its streaming platform, Paramount+, but that doesn't mean the company can overcome various headwinds hitting its legacy media business.
Paramount's future looks as uncertain as the ending to a blood and guts horror movie."I will say Paramount as a company is quite impaired at this point," Candle Media co-founder Kevin Mayer told ...
Paramount, like many of its peers, is grappling with how to make streaming a profitable business as it faces peak competition, a rapidly shrinking universe of cable-TV customers and a slowdown in ...
Paramount recently took a nearly $6 billion write-down on the value of its cable business as a result, in addition to announcing plans to lay off 15% of its US workforce. The layoffs are expected ...
At the time in 2020, Paramount’s own streaming channel, Paramount Plus, had yet to launch. Paramount Plus would eventually get off the ground under a year later in March 2021, but the ...
The service features original programming from CBS All Access as well as Showtime, plus additional programming including Paramount Pictures films which may vary by market. The service would initially launch in the Nordics and Latin America, replacing an existing service of the same name, with additional markets to follow. [ 124 ]
Paramount Global announced in a memo to staff Tuesday that it will shut down its storied TV studio by the end of the week — the latest move in a series of aggressive cost cuts the company is ...