Paramount TV — which produces Reacher and the Time Bandits reboot, among other things — suddenly shut down, with employees being given very little notice. Paramount is reducing its overall workforce by 15% to get ready for the Skydance merger, and it’s going to be a bloodbath.
With Paramount and Warner Bros. both hanging on by their fingertips, Hollywood is going to look VERY different on the other side of this. The Streaming Wars definitely had some casualties.
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Paramount TV is shutting down and merging with CBS Studios, resulting in severe layoffs and uncertainty for employees in the wake of changes in the TV and streaming marketplace.
00:00 Paramount TV is shutting down and merging with CBS Studios, resulting in severe layoffs and uncertainty for employees.
01:13 Paramount TV studios is shutting down completely, with layoffs and cost-saving efforts ahead of a merger with Sky Dan, leading to uncertainty about the survival of other brands like MTV and Nickelodeon.
02:08 Paramount TV Studios is shutting down and all current series and projects will move under CBS Studios.
03:26 Paramount TV suddenly shuts down due to significant changes in the TV and streaming marketplace, resulting in layoffs.
04:35 Paramount TV shuts down, causing job losses and potential changes to Nickelodeon brand.
06:05 Hollywood is facing layoffs and financial cuts, with top executives making poor decisions and workers suffering the consequences.
07:35 Paramount TV suddenly shuts down, leaving many people out of work, possibly due to the rise of streaming services and tech companies.
08:02 Hollywood studios tried to compete with Netflix by focusing on political agendas instead of good content, leading to consumer backlash and the implosion of Hollywood.
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#RIPParamount
Like the new music at the end.
Do you think there is a possibility Hollywood will start making films people wanna watch?
Hahaha hahahahaha
They would have been way better off licensing their shows to Netflix.