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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's TV studio has produced top series like Netflix's "Thirteen Reasons Why," Amazon's "Reacher" and Apple's "Defending Jacob." The stock traded flat on the heels of the news. The stock ...
Around the end of 1981, Paramount Pictures took over fellow Gulf and Western subsidiary Sega from the company's manufacturing division in an effort to get into the video game business. Paramount would go on to sell Sega following the Video Game Crash of 1983, and the two companies would later work together on the live action/CGI Sonic the ...
In August 2024, Paramount announced it would lay off 15% of its U.S. workforce, amounting to about 2,000 employees. The cuts came as a result of a $6 billion write-down on its cable TV networks. [110] This included the shutdown of Paramount Television Studios. [111] [112] The following month, Paramount sold Vidcon to UK firm Informa. [113]
The Specials' video "Rat Race" was played as the 58th video on the station's first day of broadcasting. [22] MTV rejected other black artists' videos, such as Rick James' "Super Freak", because they did not fit the channel's carefully selected AOR format at the time. The exclusion enraged James; he publicly advocated the addition of more black ...
Even though “Yellowstone” is produced by the Paramount Network, a prior deal with NBCUniversal is why the show is not streaming on the network’s own service, Paramount Plus.
After being a staple on children's television for nearly six decades, the fate of Sesame Street is up in the air.. In December 2024, The Hollywood Reporter announced that Warner Bros. Discovery ...
[123] Animal Control (season 2) Fox Season premiere and production delayed; writing room returned on the first week of October [124] [112] Babylon 5: The CW: Development put on hold until the end of the strike [125] Before: Apple TV+: Production shut down temporarily before being suspended until the end of the strike [126] Bel-Air (season 3 ...