Tag: Chris McCarthy

Paramount reported a Q4 loss $224 million on revenues that were 5 percent higher at $8 billion.

Direct-to-consumer was a bright spot for Paramount in the third quarter as weaker performances in TV and film saw overall revenues drop by 6 percent to $6.7 billion.

Revenues at Paramount Global fell by 11 percent in the second quarter to $6.8 billion, with the company reporting a net loss of $5.9 billion after taking an impairment charge on the value of its cable networks.

Bob Bakish is stepping down from his role at the top of Paramount Global, with the company naming three executives to the office of CEO: George Cheeks, Chris McCarthy and Brian Robbins.

Paramount is merging its Showtime and MTV Entertainment Studios teams as the premium cable network prepares to be integrated into Paramount+.