Paramount Television Studios Shutting Down

Paramount Global is closing down Paramount Television Studios (PTVS) as part of a broader restructuring plan.

“This has been a challenging and transformative time for the entire industry, and sadly, our studio is not immune,” Nicole Clemens, president of Paramount Television Studios, said in a memo to staff.

The studio is behind such series as 13 Reasons Why, The Alienist, The Haunting of Hill House, Station Eleven, Tom Clancy’s Jack Ryan, Reacher and The Spiderwick Chronicles. Upcoming shows include Cross, Before and Murderbot.

“Over the past 11 years, PTVS has weathered seemingly insurmountable obstacles through a combination of strength, determination and unwavering commitment,” Clemens added. “We met these challenges with incredible resilience, creativity, and passion for what we do, and I could not be prouder of our team. We’ve also had the privilege to collaborate with some of the most brilliant creative talent in the industry to help tell incredible stories seen around the world, entertaining and shaping culture.

“Although Paramount Television Studios is ending, our ethos will live on in shows that will continue to be enjoyed by global audiences for years to come.”

The studio is ceasing operations at the end of the week. Going forward, all current PTVS series and development projects will transition to CBS Studios.

“To be clear, this is not a decision based on how PTVS performed,” George Cheeks, co-CEO of Paramount Global and president and CEO of CBS, said in a note to staff. “This move is the result of significant changes in the TV and streaming marketplace and the need to streamline our company.”