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Through the summer and fall, Paramount has made layoffs and implemented restructuring aimed at cutting 15% of its U.S. headcount, affecting about 2,000 employees. The cutbacks are part of efforts ...
Showtime, also known as Paramount+ with Showtime (with "Showtime" being the former name of its main channel from 1976 to 2024, but still used for certain marketing and channel branding contexts), is an American premium television network and the flagship property of Showtime Networks, a sub-division of the Paramount Media Networks division of Paramount Global.
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 ]
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The show is over for Showtime as a standalone brand. As of Jan. 8, 2024, Paramount Global will rebrand the linear Showtime cable network as Paramount+ With Showtime — the same name as the ...
The second phase will see an all-stock merger between Skydance Media and Paramount, valued at $4.75 billion. Equity holders in Skydance will get 317 million Class B shares, with a market value of $15 per share. Paramount Global would have 45 days to look for better or matching offers from other bidders before finalizing.
After the merger, Showtime originals like Yellowjackets and Billions will be available to stream via Paramount+, and the current Showtime streaming app will be discontinued.
Paramount Global will launch the newly integrated Paramount+ With Showtime service in the U.S. on June 27, establishing it as the company’s top-tier streaming product without commercials.