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It’s the End of Paramount+ As We’ve Known It (and That’s Fine)

Why Paramount’s new streaming strategy makes a Peacock merger more likely.

Instead, the company is looking to form “a deep and expansive relationship, one that would make the most of our hit content while improving the customer offering.” McCarthy said Par wants a new paradigm that both reduces subscriber churn and, perhaps most importantly, controls cost. Nothing has happened publicly on this front, in part because of the aforementioned potential sale to David Ellison’s Skydance Media, producer (with Par) of the recent Mission: Impossible and Top Gun movies and TV shows like Reacher and Jack Ryan. But if Redstone’s supposed waffling ends with the Skydance bid being called off and Paramount Global moving forward with one or all of its current leaders, then this week will go down as a very important milestone in the streaming wars.

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