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Paramount Global laid off about 800 employees, or roughly 3% of its workforce, sources familiar with the matter told Yahoo Finance. The cuts, which took place on Feb. 13, come as M&A rumors swirl ...
In the U.S., streaming captured 34.8% of viewership with platforms like Netflix, Hulu and Amazon Prime Video seeing the most success. Cable accounted for 34.4%, while broadcast rounded out the top ...
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 ...
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]
“Paramount’s one of the great original studios,” Clooney said when the topic of Paramount being sold came up. “But some of it you just have no say in. Because the business, it’s all ...
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 ...
Since Viacom and CBS re-merged three years ago, Shari Redstone's company has seemed like a prime acquisition target