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Paramount Global Co-CEOs Reveal Bankers Hired To Sell Assets; Discuss Path Forward At Town Hall
Paramount Global Town Hall: Co-CEOs Have Hired Bankers To Sell Assets
In sum, bankers have been hired to explore the sale of “certain Paramount owned assets” per Cheeks, while layoffs are on the horizon as the conglom looks to achieve a half billion in cost savings. In regards to accomplishments made since that announcement McCarthy specified that was in “International – we are advancing talks with potential partners that will significantly transform the scale and economics of the service making it profitable and driving long term value. Amid news following the shareholder meeting earlier this month that the studio is looking for a joint venture partner on streaming service Paramount+, it was announced that a price hike would take effect, with and without a Showtime tier, later this summer.
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