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Paramount Global is undergoing additional restructuring leading up to its expected merger with Skydance Media in 2025. The media conglomerate is integrating the group that handles distribution for ...
Paramount reported adjusted earnings per share of $0.49, versus $0.30 in the year-earlier period. Consensus expectations were for earnings to come in closer to $0.23 a share. Streaming successes
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.
Amid the merger drama, Paramount announced the departure of CEO Bob Bakish in late April after he was reportedly at odds with Redstone over the Skydance deal. He has since been replaced by an ...
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 ...
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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.
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.