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Paramount Global CEO Bakish steps down, replaced by a trio of division heads

Division heads Brian Robbins, George Cheeks, and Chris McCarthy are stepping up to lead the company temporarily in the newly formed office of the CEO.

Reliance Industries to acquire 13% of Paramount's stake in Viacom18 for Rs 4,286 crore

This deal will increase Reliance's equity ownership in Viacom18 to 70.49%.

Paramount Global hits 67.5M Paramount+ subscribers by the end of Q4FY23

The studio reported a reduced streaming loss of $490 million, compared to the $575 million loss incurred in the same period the previous year.

Paramount Global to lay off about 800 employees

CEO Bob Bakish informed the staff about the layoffs in a memo on Tuesday.

Paramount Global's streaming grows, TV Ad revenue declines by 10% in Q2 2023

The second quarter of 2023 saw the media company’s streaming service, Paramount+, subscribers marginally go up to 61 million.