MTV, Paramount and Ridiculousness
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The changes come as Skydance TV and the former MTV Entertainment and Showtime groups come under the Paramount TV Studios banner, led by Matt Thunell.
Paramount TV Studios is reorganizing its leadership team amid the mass layoffs at Paramount following its merger with Skydance.
A number of television executives have been affected by the major round of layoffs at Paramount, the first since the company was established by the $8.4 billion merger of Paramount Global and Skydance in August.
Paramount will slash roughly 1,000 jobs on Wednesday, Fox News Digital has confirmed, following its merger with Skydance earlier this year.
Paramount Skydance is laying off about 10% of its workforce, achieving some of the cost savings that CEO David Ellison promised investors when he took charge of the media company over the summer.
CEO David Ellison announces Paramount’s first 10% staff reduction post-merger, impacting hundreds across film, music, and news divisions.