Paramount Global

Saudi Arabia’s MBC Group extends kids pact with Paramount’s Nickelodeon

Saudi Arabia-based MBC Group has extended its programming deal with Paramount Global Content Distribution, with a raft of kids shows heading to the MENA-focused media giant. The three-year pact will see a minimum of 350 episodes of Nickelodeon shows heading to MBC’s children’s channel MBC3 and its VOD service Shahid, with the group securing free-to-air […]

Pluto TV launches on Philips Smart TVs in 25+ European & Lat Am countries

Paramount-owned FAST service Pluto TV is to launch on Philips Smart TVs in more than 25 countries across Europe and Latin America. The expansion comes via a partnership with Amsterdam-based tech firm TP Vision, which is the company responsible for the design, production, marketing and sales of Philips branded TVs. Through the partnership, Philips Smart […]

Paramount Global ends BET sale process after bids fail to impress

Paramount Global has given up on plans to sell a majority stake in BET Media Group after deciding it would not deleverage its balance sheet in ‘any meaningful’ way, according to the Wall Street Journal. The US newspaper said the company had ended the bidding process for the outfit having received bids of between $2bn-3bn. […]

Paramount promotes Darío Turovelzky to oversee Lat Am broadcast & studios

Paramount Global has promoted Darío Turovelzky to EVP of broadcast and studios for Latin America. Turovelzky, who was previously SVP of broadcast and studios, is the former GM of ViacomCBS South Cone, who joined in 2021 to lead Argentinean FTA network Telefe and Chilevision, following its acquisition by ViacomCBS International from WarnerMedia. In his new […]

Chernin’s North Road hires Showtime & Paramount alum David Nevins as CEO

Peter Chernin’s The North Road Company has landed former Showtime and Paramount Global exec David Nevins as its CEO. Nevins, who stepped down as chairman & CEO at Paramount Premium Group and Paramount+ last year, will take on the role from Chernin, who becomes exec chairman. The former Showtime chief’s remit includes driving the LA-based […]

AMCNI names Sam Rowden to run new UK & EMEA content unit

AMC Networks International (AMCNI) is restructuring its operations in the UK and EMEA by creating a new content group to house all of its channels and streaming operations, with Sam Rowden appointed to run the new division. Rowden has been promoted to the newly created position of VP of content group at AMCNI-UK and will […]

BBCS hires Paramount Global exec Lawrence Szabo to oversee US distribution

BBC Studios (BBCS) has landed Paramount Global exec Lawrence Szabo to oversee distribution in the US. Szabo becomes EVP of US content distribution, effective immediately, and is based out of LA, reporting into Janet Brown, BBCS’s president of content distribution in North America and Latin America. His remit includes leading the team responsible for scripted […]

TBI Weekly: Are US majors approaching streaming profitability?

As the news cycle continues to be dominated by lay-offs and content cuts out of the US, TBI’s Mark Layton dives into the some of the biggest headlines from the past seven days to explore how these tough strategies may be starting to pay off for the major studios. Another week, another round of staff […]

Paramount cuts 25% of US division under Chris McCarthy following poor Q1 earnings report

Paramount Global is cutting around 25% of its US-based team across Showtime/MTV Entertainment Studios and Paramount Media Networks, following its disappointing Q1 financial results. Chris McCarthy, president and CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks, has informed staff in a memo that around a quarter would be cut “through the elimination of some […]

Paramount shares dive 28% as streaming losses grow, despite subs gains

Paramount Global has seen its share price drop more than 28% after the US media giant posted a $1.12bn revenue decline in the first quarter, with streaming losses growing. The downturn in overall revenue contrasts sharply with the $441m gain reported in the same quarter in 2022 and comes after the company was hit by […]

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