The executive currently heads up the company’s streaming operations and Showtime/MTV Entertainment.
McCarthy became co-CEO of Paramount, alongside George Cheeks and Brian Robbins, in April 2024. The trio took on the role after theas the company was in its first round of negotiations with Skydance. McCarthy is also president of Showtime/MTV Entertainment and oversees the company’s streaming platforms Paramount+ and Pluto TV.
Cheeks, who heads up CBS, will likely remain with the company post-merger, while Robbins, who leads Paramount Pictures and Nickelodeon, is also expected to depart . The FCC, headed by Brendan Carr, approved the transfer of Paramount’s broadcast licenses to Skydance on Thursday. That should allow the deal to close in relatively short order, giving the David Ellison-led Skydance control of Paramount. Ellison is set to be CEO of the combined company, with former NBCUniversal chief executive Jeff Shell coming in as president.over other bidders for Paramount in July 2024, with Shari Redstone agreeing to sell her majority stake in National Amusements — the holding company that controls Paramount — to Ellison and Co. The agreement followed several months of on-and-off negotiations, including a last-minute Redstone rejection of an earlier proposal from Skydance. McCarthy has been with Paramount Global and its predecessor Viacom for more than two decades, having first come to the company in 2003. He was named general manager of MTV2 in 2008 and gradually added the rest of Viacom/Paramount’s cable channels to his purview over the next decade. Showtime also came under his umbrella in 2022 and was subsequently folded into Paramount+.on Paramount Network, McCarthy placed a big bet on showrunner Taylor Sheridan, signing him to a nine-figure overall deal. Sheridan has delivered several hits for Paramount+, most recentlyPrivacy Policy . We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the Google‘I Know What You Did Last Summer’ Director Responds to Speculation That Jennifer Love Hewitt and Freddie Prinze Jr. Didn’t Shoot TogetherThe Hollywood Reporter is a part of Penske Media Corporation. © 2025 The Hollywood Reporter, LLC. All Rights Reserved.
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