Witness the striking scene outside Paramount Studios’s water tank as SAG-AFTRA members protest during their ongoing strike in Los Angeles, California, U.S., on September 26, 2023.
Photographed by Mario Anzuoni | Reuters
During the annual shareholder meeting, Paramount Global’s current leadership unveiled a forward-looking strategy in case the company remains unsold.
The “Office of the CEO,” consisting of CBS CEO George Cheeks, Paramount Media Networks CEO Chris McCarthy, and Paramount Pictures CEO Brian Robbins, outlined key priorities such as exploring streaming partnerships, cutting costs by $500 million, and selling off non-essential assets.
This announcement coincides with Paramount’s recent agreement on merger terms with a consortium led by David Ellison’s Skydance Media, along with RedBird Capital and KKR, as reported by CNBC on Monday. The deal is pending finalization…
2024-06-04 08:48:06
Source: www.cnbc.com