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Thursday, November 30, 2023
New Series Alert: New Buddy Comedy Popularity Papers To Rollout On Nickelodeon Across The UK And Italy In The Coming Months, Might Launch Elsewhere
Wednesday, November 29, 2023
Possible Rebrand??? BBC's UKTV Announces Creation Of ‘U’ - A New Brand To Unite Its Free TV And Digital Portfolio
News Shorts: People's Weather Loads Up On New Documentary Guardians Of The Forest, Divya-Drishti Gets A New Release Date On Star Life And Warner Bros. Discovery Scraps Tooncast And TCM From Brazil By The End Of 2023
Tuesday, November 28, 2023
Bulldog Licensing To Represent Banijay’s Totally Spies! Reboot
Monday, November 27, 2023
Important Notice: Insidus 2.0 Is Coming Soon
Recap To The Week: Disney's ESPN 1 Currently Seen On DStv And StarSat Is Set To Take On SABC Sport
Development Alert: MultiChoice And The Walt Disney Company Extend The Reach Of ESPN 1 To DStv Family And Access Customers PERMANENTLY
TNT Africa Celebrates ‘100 Years Of Warner Bros.’ With Exclusive Documentary Series
New Series Alert: Tomorrow Belongs To Me Coming Soon To Novela E Plus
Sunday, November 26, 2023
What To Expect On DStv's Newest Addition, NWTV?
New Channel Alert: MultiChoice To Add Second Community Based Channel On DStv In The Month, NWTV
Thursday, November 23, 2023
Development Alert: BBC's Rastamouse Is Coming To Play Room This December, Play Room Reloaded Takes Up Weekdays On The Channel
Drafted: What To Expect On Cartoon Network And Cartoonito Across Africa In December 2023?
Paramount Executives Could Be Exploring Selling Off Parts of the Media Company
Last week, the media company filed an 8-K form with the U.S. Securities Exchange Commission that said top executives like CEO Bob Bakish, CFO Naveen Chopra, and executive vice president Christa D’Alimonte could get severance if they’re let go within two years “following the consummation of a change in control.”
On Monday, the Professional Fighters League (PFL) completed its purchase of Paramount’s Mixed Martial Arts company, Bellator. The deal was announced after Paramount said it was shuttering its Showtime sports division at the end of the year.
This year, “significant buyer interest” has seen Paramount’s stock to climb, according to Yahoo!Finance. Due to its smaller size, Paramount has historically been viewed as a potential acquisition target.
Paramount, like a majority of streaming services, has been struggling over the last few years. The loss of high viewership amid the pandemic in 2020, rising inflation rates, and increasing competition from other streamers has forced media companies to pare down workforce numbers, anticipate financial losses, and raise service prices.
The media company has taken a number of steps to keep itself afloat including relieving itself of “non-core assets.” For example, Paramount completed its sale of publishing company Simon & Schuster to investment firm Kohlberg Kravis Roberts last month. Rumors also suggest Showtime and BET Media Group could be for sale in the future.
Last month — before the actors strike resolved — Bakish said Paramount would continue to license content beyond its own channels, Advanced Television reported. As an example, Paramount unveiled a multi-year deal with Greek pay-TV service Cosmote TV.
Bakish said content licensing provides “a robust supply of content from diverse creatives to entertain consumers” and anticipates that Paramount will begin to recoup streaming losses next year.