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Paramount Global Layoffs Begin; CEO Bob Bakish Tells 800 Departing Employees “Your Talents Have Helped Us Advance Our Mission”
Paramount Global has begun a planned round of layoffs, telling U.S.-based employees that those affected by the cutbacks will be notified by the end of Tuesday.
An internal memo from CEO Bob Bakish (read it below) did not disclose numbers. A person familiar with the cutbacks estimated the total number…
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By Dade Hayes
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80 Comments Comment on Paramount Global Layoffs Begin; CEO Bob Bakish Tells 800 Departing Employees “Your Talents Have Helped Us Advance Our Mission”
Paramount’s Maria Kyriacou Exiting As International Originals Strategy Slimmed Down
Maria Kyriacou, Paramount Global’s President, Broadcast & Studios, International Markets, is exiting the U.S. studio after four years, as it prepares to slim down its international originals offerings.
Paramount international boss Pam Kaufman and CBS CEO George Cheeks have emailed staff in the past…
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By Max Goldbart
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Layoffs Coming At Paramount Global But No Details On Staff Cuts In Bob Bakish Memo Outlining 2024 Strategy; CEO Acknowledges M&A Speculation
Paramount Global CEO Bob Bakish said Thursday that the company will continue to reduce its global workforce "to operate as a leaner company and spend less." But there were no further details in a memo to staff obtained by Deadline following a "Bob Live" town hall this morning.
The company has three…
‘Warnamount’ Merger Talk Confounds Investors And Industry: “Why Would Any Company Try To Catch A Falling Knife?”
Old habits die hard. So Warner Bros. Discovery's CEO David Zaslav just sat down with Paramount Global chief executive Bob Bakish to talk about merging, and the media business yet again confronted the possibility of a spasm of mega-deals reshaping the landscape.
Happy…
“Hard-Bundle” Carriage Deals Resembling The Recent Charter-Disney Pact Appear To Be In Paramount’s U.S. Future, CEO Bob Bakish Says
Paramount CEO Bob Bakish has long touted “hard bundles,” the hybrid carriage agreements found in Europe and other international markets that weave streaming into conventional pay-TV packages.
The new Disney-Charter pact, reached in September after a 10-day blackout of ESPN, ABC stations and multiple…
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By Dade Hayes
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Strikes Cost Paramount $60M In Latest Quarter As CEO Bob Bakish Hopes Actors’ Walkout Ends Soon
The actors are still on strike and it's still costing Paramount Global.
The owner of CBS, MTV and Nickelodeon revealed during its third quarter earnings report Thursday that the strikes have cost the company $60 million over the past three months.
Paramount CFO Naveen Chopra said that "Shifting…
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By Peter White
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Paramount Vet Georgia Arnold’s Exit Sparks Restructure At Social Impact Division
EXCLUSIVE: Last month, it emerged Paramount Global vet Georgia Arnold was exiting after nearly three decades, and we’ve now learned her departure has sparked a global restructure of the company’s Social Impact unit.
In an internal memo seen by Deadline, Paramount told staff it remains “committed to…
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- International
Mipcom Cannes Takeaways: Industry Wrestles With Future, Eva Longoria Stars, WBD Max Rollout & All The Biggest Deals
Another Mipcom is nearing the finish line, with tired and weary sales execs catching their flights or following up on leads from the comfort of their own homes or offices today. Set against a backdrop of ongoing labor action in the U.S. and a European TV sector hit hard by recession, the annual Cannes…
Bob Bakish Says “The Notion That The Strikes Have Saved Paramount Is Wildly Overstated” – Mipcom Cannes
“The notion that the strikes saved the company is wildly overstated,” Bob Bakish said of Paramount today.
The Paramount Global boss acknowledged that “the strike is accretive to cash in 2023 and that is true for the [whole] industry” but rubbished the notion of the labor action saving the company…
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By Max Goldbart
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Mipcom Cannes Director Lucy Smith: U.S. Majors Proving Global Streaming And Third-Party Licensing “Can Co-Exist”
EXCLUSIVE: The major U.S. studios heading to Mipcom are proving global streaming and third-party licensing “can co-exist and work together,” says the event’s director.
Lucy Smith, Director of the Entertainment Division at Mipcom Cannes organizer RX France, told Deadline the “assumption of recent…
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- International
Paramount CEO Bob Bakish Acknowledges Wall Street’s Dim View Of Charter-Disney Battle, But Touts His Efforts To “Modernize” Pay-TV Relationships To Suit Streaming Era
Paramount Global CEO Bob Bakish said the Disney-Charter carriage dispute took a “notable” financial toll on many pay-TV stakeholders, but he touted his efforts to “modernize” the company’s distribution relationships for the streaming era.
Speaking at the Goldman Sachs Communacopia + Tech Conference…
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By Dade Hayes
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Bob Bakish To Be Honored At Mipcom Cannes
Bob Bakish is to be honored with the Personality of the Year gong at this year’s Mipcom Cannes.
The Paramount Global CEO will deliver a keynote on the Tuesday of this year’s Cannes confab. Bakish oversees Paramount’s linear and streaming brands and has been doing so since 2019. Prior to the…
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By Max Goldbart
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