DIRS.INFO The most relevant business & tech news

☆ Why Shari Redstone called off talks with David Ellison’s Skydance on Paramount deal
▼ + stars: | 2024-06-12 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

After weeks of endless speculation about the future of Paramount Global, and more than half a year of grueling negotiations, the heiress called off talks with David Ellison’s Skydance Media, astonishing the industry and raising questions about the future of her family-controlled media empire. Why Redstone ultimately vetoed the deal is now up for discussion. Chief among them was whether the deal should have been subject to approval from a majority of the minority shareholders. And tried they did over the last several months, with the negotiations claiming several high-profile casualties along the way. Over the course of the last few months, Bob Bakish was ousted as chief executive of Paramount Global and four directors resigned from the company’s board.

Persons: Shari Redstone, David Ellison’s Skydance, Sumner, Skydance, Ellison, Charles Phillips, “ Shari, Bob Bakish, ”, Brian Robbins, George Cheeks, Chris McCarthy, NAI Organizations: New York CNN, Paramount Global, Amusements Inc, CNN, Redstone, Redbird Capital, Paramount’s Office, Company’s, Directors, Paramount, “ Locations: New York

Mario Anzuoni | ReutersNational Amusements stopped merger discussions between Paramount Global and Skydance this week — throwing into question what's next for the legacy media giant during a tumultuous period for the industry. Bob Bakish stepped down from the top post in April and was replaced by the so-called Office of the CEO: CBS CEO George Cheeks, Paramount Media Networks CEO Chris McCarthy and Paramount Pictures CEO Brian Robbins. The deal had been awaiting signoff from Redstone, who owns National Amusements, the controlling shareholder of 77% of class A Paramount shares. National Amusements also voiced its support for Paramount's current leadership. In recent days, other potential bidders for National Amusements emerged, according to reports.

Persons: Mario Anzuoni, what's, Bob Bakish, George Cheeks, Chris McCarthy, Brian Robbins, Jessica Reif, Ehrlich, Paramount's, Skydance, Redstone Organizations: Paramount Studios, Reuters National Amusements, Paramount Global, Paramount, CBS, Paramount Media Networks, Paramount Pictures, BofA Securities, CNBC, Amusements, RedBird Capital, KKR, Redstone, National Amusements, Apollo Global Management, Sony Locations: Los Angeles, Redstone

☆ National Amusements stops discussions with Skydance on Paramount deal, sources say
▼ + stars: | 2024-06-11 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

National Amusements has stopped talks with Skydance on a proposed merger with Paramount Global , CNBC's David Faber reported Tuesday. The deal had been awaiting signoff from Redstone, CNBC previously reported. She has approved of their ideas and leadership during their short tenure, CNBC previously reported. This is why it was no surprise when Paramount and Skydance agreed to merger terms earlier in June, CNBC reported. Under those terms, which were still being ironed out up until Tuesday, Redstone would have received $2 billion for National Amusements, CNBC reported.

Persons: Skydance, CNBC's David Faber, Shari Redstone, David Ellison's Skydance, Spokespeople, Redbird, It's, George Cheeks, Chris McCarthy, Brian Robbins, Bob Bakish, Paramount's Organizations: Paramount Studios, Amusements, Paramount Global, Paramount, RedBird Capital, KKR, CNBC, National Amusements, Street, CBS, Paramount Media Networks, Paramount Pictures, Redstone, Apollo Global Management, Sony, Skydance Locations: Los Angeles , California, Redstone

The current leadership of Paramount Global presented a go-forward plan at the company's annual shareholder meeting Tuesday in the event a sale of the company doesn't happen. Redstone has been supportive of the Office of the CEO leadership team that has run the company since former CEO Bob Bakish stepped down in late April. The plan that Paramount Global shareholders are hearing on Tuesday will essentially serve as Redstone's alternate option if she chooses not to sell. "We'll be thoughtful with how we deploy capital, with our world-class content being the priority," said Robbins during the presentation Tuesday. On Tuesday, Robbins said the company has been "aggressively exploring all options" when it comes to partnerships with other streamers.

Persons: George Cheeks, Chris McCarthy, Brian Robbins —, —, David Ellison's, Shari Redstone, Bob Bakish, Robbins, Cheeks, McCarthy Organizations: Paramount, SAG, Paramount Global, CBS, Paramount Media Networks, Paramount Pictures, Media, RedBird Capital, KKR, CNBC, Amusements Locations: Los Angeles , California, U.S

☆ Paramount and Skydance agree to terms of a merger deal
▼ + stars: | 2024-06-03 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Paramount and Skydance have agreed to terms of a merger, CNBC's David Faber reported Monday. A Paramount special committee and the buying consortium — David Ellison's Skydance, backed by private equity firms RedBird Capital and KKR — agreed to the terms. The deal currently calls for Redstone to receive $2 billion for National Amusements, Faber reported Monday. Following the close of the deal, Skydance and RedBird would own two-thirds of Paramount, and the class B shareholders would own the remaining third of the company, Faber reported. The deal will not require a vote from the shareholders, which was part of the negotiations, Faber reported.

Persons: Skydance, CNBC's David Faber, — David Ellison's Skydance, KKR —, Shari Redstone, Faber, RedBird, Paramount's, Bob Bakish, George Cheeks, Chris McCarthy, Brian Robbins Organizations: Paramount, Columbia, —, RedBird Capital, KKR, Amusements, Apollo Global Management, Sony Pictures, National Amusements, Wall Street, CNBC, Apollo, Sony, Redstone, CBS, Showtime, MTV Entertainment Studios, Paramount Media Networks, Paramount Pictures, Nickelodeon Locations: Hollywood , California

☆ Slouching isn’t bad for your spine but may impact your memory, research says
▼ + stars: | 2024-05-19 | by ( Chris Mccarthy | ) edition.cnn.com time to read: +5 min

The Conversation —Often a posture assigned to teenagers and disaffected youth, slouching is traditionally considered to be a “bad” posture — with some claiming it will damage your spine and cause pain. But while posture is heavily overlaid with psychological meaning, is it really that bad for our spines if we slouch? There’s also no clear evidence that slouching while sitting at your desk or while using your phone causes damage to the spine. Slouching has been linked to poorer information and memory recall, as well as worse mood when compared to sitting upright. But aside from that, the evidence overwhelmingly suggests there’s no single, ideal or good posture.

Persons: slouching, —, ”, there’s, There’s, it’s, Slouching, Chris McCarthy Organizations: CNN, Manchester Metropolitan University

☆ Paramount axed its CEO, then held a bizarre earnings call where it played the 'Mission: Impossible' theme song over and over and refused to take questions
▼ + stars: | 2024-04-30 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

No questions were taken and the call ended with the Mission: Impossible theme being played on loop. The company announced the departure of its president and CEO Bob Bakish before the call. AdvertisementParamount executives didn't take any questions during the company's earnings call on Monday, and ended up blasting the Mission: Impossible theme music on loop to their investors instead. The entertainment studio's first quarterly earnings call of the year took place after Paramount announced the ouster of its president and CEO Bob Bakish. The earnings call ran for only 8 minutes and 50 seconds, and the executives in attendance weren't open to taking questions.

Persons: Bob Bakish, —, didn't, Bakish, George Cheeks, Chris McCarthy, Brian Robbins, Jaime Morris, Anna Nicolaou, Matthew Belloni, Alex Stedman, Shari Redstone, David Ellison's Skydance, David Ellison, Larry Ellison, There's, Paramount didn't Organizations: Paramount, Service, — CBS, Showtime, MTV Entertainment, Paramount Pictures, Nickelodeon Nickelodeon, Financial Times, Netflix, David Ellison's Skydance Media, Oracle, BI

☆ Paramount CEO Bob Bakish is officially out
▼ + stars: | 2024-04-29 | by ( Paul Squire | ) www.businessinsider.com time to read: +2 min

CEO Bob Bakish will step down and be replaced by a trio of senior executives. David Ellison has been itching to strike a deal with Shari Redstone to buy Paramount. AdvertisementParamount announced Monday that its president and CEO Bob Bakish is out and will be replaced by a trio of execs. Bakish is stepping down from the entertainment studio as major shareholder Shari Redstone inches closer to a possible sale of her controlling stake in the company. In the statement, Shari Redstone (who also serves as the chair of the board) said she has "tremendous confidence" in the new leadership.

Persons: Bob Bakish, David Ellison, Shari Redstone, —, Shari, David Ellison's Skydance, Larry Elison, George Cheeks, Chris McCarthy, Brian Robbins, Bakish, David Ellison's Organizations: Paramount, Service, Oracle, Bloomberg, — CBS, Showtime, MTV Entertainment Studios, Paramount Media Networks, Nickelodeon, Board, Paramount Global, Hollywood

☆ Paramount Global ousts chief Bob Bakish as future of media conglomerate hangs in the balance
▼ + stars: | 2024-04-29 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

New York CNN —Paramount Global on Monday parted ways with its chief executive, Bob Bakish, in a seismic move that sent reverberations through the media conglomerate as it actively engages in acquisition talks with Skydance Media. In place of Bakish, who led the company since controlling shareholder Shari Redstone reunited Viacom and CBS Corporation under one roof in 2019, will be a triumvirate of leaders: Brian Robbins, chief executive of Paramount Pictures; Chris McCarthy, chief executive of Showtime and MTV Entertainment Studios; and George Cheeks, chief executive of CBS. In an attempt to stave off declining cable revenues, Paramount has spent billions of dollars building its own streaming service, Paramount+. Supporters of the Skydance deal hope that merging Paramount with the Ellison-led company will change its fortunes. Those shareholders have argued the deal primarily benefits Redstone and they have encouraged Paramount’s board to evaluate other options.

Persons: Bob Bakish, Bakish, Shari Redstone, Brian Robbins, Chris McCarthy, George Cheeks, Bob, ” Redstone, David Ellison, Larry Ellison, Ellison, Skydance, Jeff Shell Organizations: New, New York CNN, Paramount Global, Skydance Media, Viacom, CBS Corporation, Paramount Pictures, Showtime, MTV Entertainment Studios, CBS, Paramount, Skydance, CNN, BET, Nickelodeon, MTV, Comedy, Netflix Locations: New York, Redstone, Skydance

☆ Paramount says CEO Bob Bakish is stepping down, will be replaced by a trio of executives
▼ + stars: | 2024-04-29 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

David A. Grogan | CNBCParamount Global CEO Bob Bakish is stepping down, the company announced Monday, as merger negotiations with Skydance Media continue. Bakish climbed the corporate ladder after joining Viacom in 1997, until he became CEO of the company in 2016. Following the merger of Viacom and CBS, he became CEO of the combined company in 2019, which was later renamed as Paramount Global. Paramount will now be led by CBS president and CEO George Cheeks; Chris McCarthy, president and CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, the head of Paramount Pictures and Nickelodeon. Paramount said it added 3.7 million Paramount+ subscribers during the quarter, bringing the total to 71 million.

Persons: Bob Bakish, David A, Bakish, George Cheeks, Chris McCarthy, Brian Robbins, Naveen Chopra, Chopra, LSEG, Bob Marley Organizations: Viacom, Allen & Company Sun Valley Conference, Grogan, CNBC Paramount Global, Skydance Media, CBS, Paramount Global, Paramount, Showtime, MTV Entertainment Studios, Paramount Media Networks, Paramount Pictures, Nickelodeon, LSEG, Super, BET, MTV, NFL, TV Media, Hollywood Locations: Sun Valley , Idaho

☆ Paramount’s Chief Executive, Bob Bakish, Steps Down
▼ + stars: | 2024-04-29 | by ( Benjamin Mullin | Lauren Hirsch | ) www.nytimes.com time to read: +1 min

Bob Bakish, the chief executive of Paramount, is stepping down effective immediately, the company announced on Monday, a stunning shake-up in the top ranks of the company as it considers a major merger. Mr. Bakish, 60, will be replaced by an “office of the C.E.O.” run by three executives: Brian Robbins, head of the Paramount movie studio; George Cheeks, chief executive of Paramount’s CBS division; and Chris McCarthy, chief executive of Showtime and MTV Entertainment Studios. Like many media companies, Paramount has struggled in recent years to get its streaming business off the ground as audiences for its cable channels have diminished. In recent months, the company has been in discussions to merge with Skydance, a media company run by the tech scion and Hollywood executive David Ellison. Shari Redstone, Paramount’s controlling shareholder, has already signed off on a potential deal for her stake, but the company’s directors have yet to reach an agreement for the whole company.

Persons: Bob Bakish, Bakish, Brian Robbins, George Cheeks, Chris McCarthy, Bakish’s, David Ellison, Shari Redstone Organizations: Paramount, Paramount’s CBS, Showtime, MTV Entertainment Studios

NEW YORK (AP) — As host of “The Daily Show” from 1999 to 2015, Jon Stewart changed comedy — and arguably journalism, too — with sharp, satirical takes on politics and current events. Catching lightning again will be difficult — particularly at a time when late-night television is greatly diminished as a cultural force and others, some from Stewart's family tree, are now competitors. It can be even tougher when, as Salon critic Melanie McFarland put it, the current Jon Stewart is forced to compete with memories of the old Jon Stewart. “Jon Stewart totally changed the face of late-night,” says Robert Thompson, director of the Bleier Center for Television and Popular Culture at Syracuse University. “There's something so 2010 about Jon Stewart now,” he says.

Persons: Jon Stewart, Stewart, He's, Melanie McFarland, ”, Doug Herzog, Trevor Noah, It's, Jon, he's, Steve Carell, Stephen Colbert —, Stewart skewered, bowtied Tucker Carlson, “, “ Jon Stewart, Robert Thompson, Chris McCarthy, ” Stewart hasn't, Trump, Colbert, Donald Trump, John Oliver, Samantha Bee, Jimmy Kimmel, Seth Meyers, Greg Gutfeld, Rachel Maddow, MSNBC —, Arsenio Hall, Lucille Ball, Roseanne Barr, Thompson, Johnny Carson's, ” Herzog, Johnny Carson, Cher, David Letterman, Jimmy Fallon's, ” Kimmel, Letterman, — Colbert, Vivvix, Salon's McFarland, “ Jon's, We're, ___ David Bauder Organizations: Comedy Central, CNN, Bleier Center for Television, Culture, Syracuse University, CBS, HBO, TBS, Fox News, MSNBC, Apple, Mets, Nielsen, Associated Press

NEW YORK (AP) — Comedian Jon Stewart is rewinding the clock, returning to “The Daily Show” as a weekly host and executive producing through the 2024 U.S. elections cycle. Comedy Central on Wednesday said Stewart will host the topical TV show, the perch he ruled for 16 years starting in 1999, every Monday starting Feb. 12. Two former correspondents in particular got massive boosts — Steve Carell and Stephen Colbert. '”The show's abrupt end was reportedly triggered due to clashes between Stewart and Apple over its coverage of stories around China and artificial intelligence. A spokesperson did not immediately respond to questions about who will host “The Daily Show” after the November election.

Persons: Jon Stewart, Stewart, “ Jon Stewart, ” Chris McCarthy, Jon, Craig Kilborn, Trevor Noah —, Noah, Desi Lydic, Michael Kosta, Ronny Chieng, Jordan Klepper, Stewart didn't, untethered, ”, “, I’m, ’ ”, John Oliver, Larry Wilmore, Olivia Munn, Samantha Bee, Roy Wood Jr, Aasif Mandvi, Kennedy, Mark Twain, Steve Carell, Stephen Colbert, Carell, Ron Burgundy, ” Colbert, ___ Mark Kennedy Organizations: Central, Showtime, MTV Entertainment Studios, Strike Force, Hollywood, Guardian, CBS, Apple, Los Angeles Times Locations: China

☆ Jon Stewart to return to ‘The Daily Show’ as a host and executive producer
▼ + stars: | 2024-01-24 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

CNN —Jon Stewart is heading back to “The Daily Show.”The comedian, who during his 16-year run as host of the Comedy Central program established it as an entertainment and cultural force, will return to host the show each week on Mondays starting February 12, Showtime and MTV Entertainment Studios announced Wednesday. After exiting “The Daily Show” in 2015, Stewart signed a deal with Apple to host a show for the technology company’s nascent streaming service. Convincing Stewart to return to “The Daily Show” is a major coup for Comedy Central. While Trevor Noah received critical acclaim for hosting program after Stewart exited, it never quite had the same cultural impact it did under Stewart’s stewardship. Showtime and MTV Entertainment Studios, which is responsible for much of the streamer’s content library, said episodes with Stewart will be available on the platform the day after they air on Comedy Central.

Persons: Jon Stewart, Stewart, “ Stewart, ” Chris McCarthy, ” McCarthy, “ Jon, ” Stewart, Joe Biden, Donald Trump, Trump, Stewart’s, Trevor Noah Organizations: CNN, Comedy Central, Showtime, MTV Entertainment Studios, Apple, Paramount Global, Paramount

☆ Jon Stewart Will Return to Host ‘The Daily Show’ on Mondays
▼ + stars: | 2024-01-24 | by ( Matt Stevens | More About Matt Stevens | ) www.nytimes.com time to read: 1 min

Jon Stewart will return to host “The Daily Show” on Monday nights during the 2024 election campaign, the network announced on Wednesday, bringing the comedian back to the television program that he turned into appointment viewing. “The Daily Show” has been without a permanent host since Trevor Noah stepped down in 2022. The first episode with Stewart, who left the show in 2015 after serving as host since 1999, will air on Comedy Central on Feb. 12 and on Paramount+ the following day. Stewart will also executive produce all episodes of “The Daily Show.” The episodes from Tuesday to Thursday will be hosted by a rotating lineup of the show’s news team. Chris McCarthy, the chief executive of Showtime/MTV Entertainment Studios, said in a statement that Stewart was the voice of a generation.

Persons: Jon Stewart, Trevor Noah, Stewart, Chris McCarthy Organizations: Comedy Central, Paramount, Showtime, MTV Entertainment Studios

☆ Jon Stewart will return to host 'The Daily Show' after a yearlong search for Trevor Noah's replacement — but there's a catch
▼ + stars: | 2024-01-24 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +1 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewJon Stewart will return to "The Daily Show" after an extended search for a host to replace Trevor Noah. This story is available exclusively to Business Insider subscribers. Per The Hollywood Reporter, Stewart will return in a limited capacity as host on Monday nights, running through the 2024 election. He took over from prior host Craig Kilborn in 1999, and stayed on the show until 2015.

Persons: —, Jon Stewart, Trevor Noah, Stewart, Craig Kilborn, John Leguizamo, Hasan Minhaj, Chris McCarthy, Jon, McCarthy Organizations: Service, Business, Hollywood, Showtime, MTV Entertainment Studios

☆ Jon Stewart returns to 'The Daily Show' — but only on Mondays
▼ + stars: | 2024-01-24 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Jon Stewart is returning to "The Daily Show" — but only on Mondays. The comedian helmed the Comedy Central talk show between 1999 and 2015, before passing the torch to South African comedian Trevor Noah. Stewart will serve as "The Daily Show" host on Mondays starting Feb. 12, and appear at least through the 2024 election cycle. Since his 2015 exit from "The Daily Show," Stewart has kept busy as the executive producer of CBS' "The Late Show with Stephen Colbert" and weekly spots on Apple's streaming service via his show "The Problem With Jon Stewart," which was recently canceled. Stewart is also an avid philanthropist and has lobbied for healthcare benefits for veterans and 9/11 first responders.

Persons: Jon Stewart, Trevor Noah, Noah, Stewart, Stewart's, Chris McCarthy, Jon, Stephen Colbert Organizations: Central, Paramount, Comedy, YouTube, Showtime, MTV Entertainment Studios, CBS Locations: African

☆ How MTV Broke News for a Generation
▼ + stars: | 2023-05-11 | by ( Remy Tumin | ) www.nytimes.com time to read: +1 min

A little over a year into his first term, President Bill Clinton made good on a promise to return to MTV if young voters sent him to the White House. The town hall-style program in 1994 was meant to focus on violence in America, but it was a question of personal preference that made headlines and helped put MTV News on the media map. Now, a generation after MTV News bridged the gap between news and pop culture, Paramount, the network’s parent company, announced this week that it was shuttering the news service. They brought viewers on the presidential campaign trail and face to face with world leaders like Yasir Arafat, and took them into college dorms in New Orleans after Hurricane Katrina. They also embraced the messy chaos of 1990s and early 2000s celebrity, as when Courtney Love interrupted an interview with Madonna.

☆ MTV News is shutting down after 36 years — take a look at its iconic history
▼ + stars: | 2023-05-10 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

Paramount Global announced Tuesday it is shutting down MTV News and cutting 25% of its staff. It gained popularity for covering news in music, entertainment, and eventually politics. After decades of reporting on entertainment news and a history of iconic interviews with A-listers in the music industry, MTV News is shutting down. Paramount Global announced the shutdown on Tuesday, along with the news that it's cutting 25% of its staff, NPR reported. Its subsidiaries include CBS, Nickelodeon, Comedy Central, and Showtime, the latter of which merged with MTV Entertainment Studios in February.

☆ MTV News to shut down as Paramount slashes US workforce
▼ + stars: | 2023-05-09 | by ( Liam Reilly | ) edition.cnn.com time to read: +2 min

New York CNN —Paramount Media Networks announced Tuesday it will shutter MTV News and slash its US workforce by 25%, bringing to an end the iconic music video network’s news division that once covered a range of issues from pop culture to politics and became a household name for Generation X and Millennial adolescents. During the ’90s, MTV News also provided an alternative to traditional cable news that appealed to young Americans. In addition to MTV News, some units in the company are being eliminated altogether, most of which are operations, a Paramount spokesperson said. CNN, The Washington Post, NPR, Gannett, Vox Media, NBC News and others have also cut their workforces in recent months. The Paramount Media Networks division is cutting staff by 25%.

☆ ‘Yellowstone,’ TV’s Hit Western, Will End Its Run After This Season
▼ + stars: | 2023-05-05 | by ( Marc Tracy | ) www.nytimes.com time to read: +1 min

The current season of “Yellowstone,” the Western starring Kevin Costner that became one of the most popular shows on television, will be its last, Paramount announced Friday. The series, which airs on the Paramount Network, will be followed by a new “Yellowstone” sequel — created, like the original, by Taylor Sheridan — that will start in December, Paramount said. The sequel will air on the Paramount Network, a cable channel, and later on the Paramount+ streaming platform. Its Season 4 finale was the most-watched scripted program in 2022, Variety reported, with more than 13 million viewers. And the Season 5 premiere last November exceeded that with more than 17 million viewers, according to Paramount.

☆ The tech layoff contagion is hitting automakers — but it's not like what's happening at Google, Meta, and Microsoft
▼ + stars: | 2023-03-15 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

But the downsizing wave hitting the automotive industry isn't quite the same as the one plaguing tech giants like Google, Meta, and Microsoft. Silicon Valley takes a lesson from DetroitLayoffs and buyouts are nothing new to the automotive industry, especially in the last few years. In French's view, the tech industry is taking a page from Detroit's playbook as it trims its ranks this year. He's skeptical of claims that tech companies are already victims of an economic downturn, and instead believes these companies are bracing for the worst before a true "bloodbath." "Tech companies are taking the lead from what automotive companies have done in the past and trying to brace for that downturn before it really hits."

☆ Showtime to combine with Paramount+, rebrand with new name
▼ + stars: | 2023-01-30 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

In this photo illustration, Paramount+ (Paramount Plus) logo is seen on a smartphone against its website in the background. Paramount Global is further joining its streaming and cable TV business by combining its Showtime TV network and streaming service, Paramount+. The company said Monday it plans to integrate Showtime's streaming service fully into Paramount+, its marquee standalone streaming platform and response to the streaming wars. As part of this integration, the premium cable TV network, known for shows like "Yellowjackets," "Billions," and "Dexter," will be rebranded as Paramount+ with Showtime. Paramount+ starts at $4.99 a month, and Showtime's streaming service is $10.99 a month.

☆ Paramount is integrating Showtime into its streaming service and giving the premium network a new name
▼ + stars: | 2023-01-30 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

Hello, Paramount+ With Showtime. The premium television network is getting its first name change in the channel’s 47-year history, Paramount Global boss Bob Bakish announced to staffers Monday. Merging Showtime and Parmount+ on streaming will be a far more compelling offering to consumers versus trying to convince them to subscribe to each service separately. “With Showtime’s content integrated into our flagship streaming service … Paramount+ will become the definitive multiplatform brand in the streaming space — and the first of its kind to integrate streaming and linear content in this way,” Bakish wrote in his memo. Showtime canceled “Let the Right One In” and “American Gigolo,” while also choosing not to move forward with “Three Women.”

☆ Watch CNBC's full interview with Paramount Media Networks CEO Chris McCarthy
▼ + stars: | 2022-12-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Paramount Media Networks CEO Chris McCarthyChris McCarthy, Paramount Media Networks and MTV Entertainment Studios president and CEO, joins CNBC's 'Squawk Box' to discuss the company's streaming strategy and upcoming content. "The winner of this war is not going to be the one who spends the most money," McCarthy tells CNBC.

Search resuls for: "Chris McCarthy"

25 mentions found