The departure today of David Nevins as Chairman and CEO, Paramount Premium Group and Chief Creative Officer, Paramount+ Scripted Series, as well as Paramount Global’s restructuring unveiled alongside it, created a lot anxiety in the operations impacted by Nevins’ exit.
His responsibilities were divvied up, with Showtime Networks moving under Chris McCarthy, George Cheeks taking oversight of BET and Paramount TV Studios, and the Showtime’s OTT shifting under Tom Ryan.
In his memo announcing the realignment, Paramount Global CEO Bob Bakish noted that Paramount TV Studios “will continue to operate as a studio alongside CBS Studios,” which also is overseen by Cheeks, but many saw the two studios being put under the same umbrella as a step toward consolidation.
Cheeks, President & CEO, CBS and CCO, News & Sports, Paramount+, and PTVS President Nicole Clemens stepped in to assuage any merger fears this afternoon with a memo, assuring the PTVS team that “Paramount TV Studios and CBS Studios will both continue to have their own leaders and separate creative teams that will operate independently in the market” while being ” two best-in-class production brands” in Cheeks’ portfolio. (You can read the full memo below.) One area that is creating even more confusion is the oversight of Paramount+ scripted originals.Read more on deadline.com