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Paramount Global CEI Bob Bakish said layoffs are coming but gave no details in a memo to staff laying out strategy for 2024. There was no M&A news.
The company's priority will be "driving earnings growth" through efforts including content licensing and workforce reductions
Paramount Global CEO Bob Bakish is focusing on execution and earnings growth in 2024 amid deal chatter, including fewer local international originals.
Paramount Global’s Pam Kaufman and Lisa Kramer shared what’s driving the company’s international strategy across streaming, networks and content licensing at NATPE in Miami, including unveiling two new hub-style licensing deals for Paramount+ in the Philippines and India.
CBS has added "NCIS: Sydney" to its fall lineup on Monday nights; the fifth "NCIS" series was originally commissioned just for Paramount+ Australia.