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Paramount Consolidation of U.S. TV and Streaming Distribution Teams Results in Staff Cuts
Paramount Global, ahead of its Skydance merger, is .
“This strategic alignment better reflects the current marketplace and positions our team, business, and partners for continued success as we set out to achieve our goals in 2025 and beyond,” Hopkins wrote. Hopkins oversees Paramount’s domestic content distribution strategy, partnerships and agreements with video providers and digital platforms across broadcast, cable and streaming brands, including CBS, BET, Comedy Central, MTV, Nickelodeon, Paramount+ and Pluto TV. Jeff Shell, set to become president of the combined company, has said Skydance, working with consulting firm Bain & Co., is aiming to achieve at least$2 billion in annualized cost synergies at Paramount.
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