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Paramount Global CEO Calls for Staffers to Focus on Business ‘Execution’ as Acquisition Speculation Swirls, Skydance Media Talks Accelerate
Paramount Global CEO Bob Bakish calls for staffers to focus on business 'execution' as M&A speculation grows and talks with Skydance Media accelerate.
The CEO of Paramount Global urged staffers at the entertainment conglomerate to focus on their 2024 business goals, even as a handful of industry heavy hitters and investment firms explore a potential acquisition of the company and speculation about looming layoffs intensifies. Paramount will, said Bakish, in 2024 “lean even further into large markets like the US, U.K., Canada and Australia, where we have a strong multiplatform presence, our U.S. studio content resonates best, and where there is the greatest revenue potential.” And he said Paramount would press for more collaboration “across teams, time zones and functionson efforts like cross-promotion, innovative partnerships, data and insights and more, to make the most out of our assets and expertise.”
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