Paramount Global CEO Bakish said Tuesday that while it “didn’t make sense to run Showtime as a 100 stand-alone organization,” he wanted “to make it clear that the [Showtime] brand still matters, and the slate is going to matter even more.”
The label will “lean into franchises,” he told the Ubs media conference. “We have not announced anything. But you will see that as we move into 2023.”
Bakish spoke broadly about moves within the company lately, which include layoffs and restructuring, to create a lower-cost, streamlined business. “It’s hard work. It’s transformational. It does affect people. But it unquestionably will produce superior financial results and strategic results,” he said.
“We are embarking on a set of initiatives that we were planning on anyway because they are strategic, but we are definitely accelerating and using the current market as a catalyst,” he said. High content costs, soft ad revenue and...
The label will “lean into franchises,” he told the Ubs media conference. “We have not announced anything. But you will see that as we move into 2023.”
Bakish spoke broadly about moves within the company lately, which include layoffs and restructuring, to create a lower-cost, streamlined business. “It’s hard work. It’s transformational. It does affect people. But it unquestionably will produce superior financial results and strategic results,” he said.
“We are embarking on a set of initiatives that we were planning on anyway because they are strategic, but we are definitely accelerating and using the current market as a catalyst,” he said. High content costs, soft ad revenue and...
- 12/6/2022
- by Jill Goldsmith
- Deadline Film + TV
Similar News
Tracker: Jensen Ackles (Supernatural) Joins CBS Drama Series (Updated)
- 4/26/2024
- by TVSeriesFinale.com
- TVSeriesFinale.com
The Equalizer: Season Four Viewer Votes
- 4/26/2024
- by TVSeriesFinale.com
- TVSeriesFinale.com
The Equalizer: Season Four Ratings
- 4/26/2024
- by TVSeriesFinale.com
- TVSeriesFinale.com
“I didn’t ask, I begged”: Brendan Fraser Offered to Wash the Producer’s Dog for $302M Movie Channing Tatum Absolutely Hated Starring in
- 4/26/2024
- by Piyush Yadav
- FandomWire
Julia Garner to Star in Rosemary’s Baby Prequel Apartment 7A
- 4/26/2024
- by Eddie Fu
- Consequence - Film News
Apartment 7A: Rosemary’s Baby Prequel Movie Hits Paramount+ This Year
- 4/26/2024
- by Joe George
- Den of Geek
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.