Paramount CEOs Recognize “The Last Several Months Have Not Been Easy,” Tell Staff They Have A Plan
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deadline.comParamount co-CEOs George Cheeks, Brian Robbins and Chris McCarthy thanked staff in a memo today, obtained by Deadline, for a few tough months rocked by Skydance merger speculation.
With that deal a no go, they said, they have plan, one mostly laid out at last week’s annual shareholders meeting, to take the company into the future.
While deals are not off the table, the focus of the recently installed executive trio will be to streamline the company, optimize streaming and look to sell off non-core assets.
It’s thought likely Par will consider a sale of BET. It put the asset on the block last year but didn’t like the offers it got so yanked it off.
Read more on deadline.com
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