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Paramount will soon begin selling off pieces of the studio and cutting $500 million in overhead, which means staffing cuts.
…BET Networks or other linear TV assets like the non-CBS local TV stations , as well as potential assets like VidCon or even the free streaming service Pluto TV. Paramount has been executing a plan to “slim down to scale up” in streaming for several years now.
My guess is that one major loss of revenue for Paramount is in the cable/satellite TV area. As I’ve mentioned a million times, that rigged system benefited the studios to the tune of billions of unearned dollars per year. Just because it was part of your cable package, the studios make a ton of money whether or not you watch an MTV or BET.
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