Channel Closure: Paramount Plans To Shut Down MTV, Nickelodeon And Four Other Pay-TV Channels In Brazil, Following The Skydance Merger

Paramount, which was acquired by Skydance Media in August of this year in a billion-dollar deal, will cease distributing its six linear channels in Brazil on pay TV or streaming. These are: MTV, MTV Live, Nickelodeon, Nick Jr., Comedy Central, and Paramount. 

According to sources from the report, the reason behind this decision involves a drop in advertising revenue, combined with a decrease in the number of pay TV subscribers. The sports broadcasting rights of the entertainment giant, which include events like the Libertadores, remain valid.

Additionally, the high costs associated with SeAC (Conditional Access Service) also played a role. Paramount's goal is to transform into a Big Tech company, hence the strategy of selling its content directly to the end consumer, without the need for an intermediary.

Paramount was acquired by Skydance

The restructuring of Paramount, which includes this and other significant changes, was promised as early as August 2025, when the company was acquired by Skydance Media in a $8 billion deal. 

The group is led by David Ellison, who sent a message to the entertainment giant’s employees, signaling the start of a new management and announcing guidelines aimed at transforming the industry’s operations in the coming years. 

At the time, one of the main changes announced was the unification of the Paramount+ and Pluto TV streaming platforms, which is expected to occur by 2026. With this, the company aims to make its experience more competitive to face rivals, such as Netflix.