Showtime has been going through downsizing and recalibration since the November ouster of longtime CEO David Nevins and the premium network’s inclusion in Paramount Media Networks President Chris McCarthy’s portfolio.
There have been layoffs, series cancellations and an executive restructuring as McCarthy articulated the plans for the network, which will soon be rebranded as Paramount+ with Showtime.
They include multiple TV universes built around some of Showtime’s biggest series, including multiple Dexter and Billions offshoots.
During the Morgan Stanley conference Wednesday, Paramount CEO Bob Bakish addressed the strategy and indicated that other Showtime series could be revisited too. “We’re leaning into our Showtime franchises,” he said. “You could think of the slate as smaller, which will be less expensive, but also really giving the people what they want, which is more Showtime, maybe more Dexter, maybe more Ray Donovan, and really leaning into that.” Showtime already revived Ray Donovan once, bringing the show back to give it a proper ending with a movie following its abrupt 2020 cancellation.
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