Paramount Consolidation of U.S. TV and Streaming Distribution Teams Results in Staff Cuts [Yahoo! Finance]
Paramount Global - Class A (PARAA)
Company Research
Source: Yahoo! Finance
The media conglomerate is integrating the group that handles distribution for the Paramount+ and Pluto TV streaming services with its U.S. TV networks distribution teams to “create one unified distribution team that is optimized for growth across our portfolio,” Ray Hopkins, president of U.S. networks distribution at Paramount, wrote in a memo to staff Wednesday. More from Variety Paramount Global Content Distribution Unveils New Licensing Agreement With Coupang Play at Content London Paramount Global Grants Two Senior Execs $1 Million Bonuses If They Stay on Through Skydance Deal Close 'Yellowstone' Season 5 Part 2 Premiere Ratings Rise 29% in Delayed Viewing, Paramount Says The move will result in a “handful” of layoffs, according to Hopkins' memo. A Paramount rep declined to provide additional details. “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
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PARAA
Earnings
- 11/8/24 - Beat
PARAA
Sec Filings
- 12/12/24 - Form SC
- 12/11/24 - Form 8-K
- 12/3/24 - Form 4
- PARAA's page on the SEC website