ViacomCBS breaks up Paramount’s film and TV units

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Guests are silhouetted on the Paramount Footage stand through the annual MIPCOM tv programme market in Cannes, France, October 15, 2018. REUTERS/Eric Gaillard

Sept 13 (Reuters) – ViacomCBS Inc mentioned on Monday it’s restructuring the operations of its Paramount Footage’ film and tv manufacturing unit, in a broader shakeup aimed toward ramping up content material on its cable and streaming companies.

The corporate mentioned Paramount’s tv arm shall be run as a separate entity beneath the management of David Nevins, chief govt officer of Showtime Networks.

With extra folks flocking to streaming companies for leisure, the transfer will enable the corporate to concentrate on its rebranded Paramount+ streaming platform in addition to its cable networks Showtime and PlutoTV.

Brian Robbins, the present President of Nickelodeon, will tackle the extra function of heading Paramount’s film studio enterprise, taking up from Jim Gianopulos, ViacomCBS mentioned.

Gianopulos led the film studio throughout a interval when it produced movies together with “A Quiet Place”, “Rocketman” and “Mission: Inconceivable – Fallout”.

Reporting by Tiyashi Datta and Uday Sampath in Bengaluru; Enhancing by Shailesh Kuber


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