Paramount Global is restructuring its TV-production business as part of a cost-cutting effort and what the company said were significant changes in the TV and streaming marketplaces. Paramount on ...

“As you’re all aware, Paramount Global has made the difficult decision to close Paramount Television Studios as part of the company’s broader restructuring plans,” Clemens wrote in a memo ...

Paramount Global said its direct-to-consumer streaming business was "on track" to reach domestic profitability in 2025.

Paramount said its Skydance deal was still “expected to close in the first half of 2025 ... Revenue from Paramount’s TV networks fell 13% to $4.5 billion. Ad revenue from TV fell 21% ...