Warner Bros. Discovery Italy will air the new series on the pay TV channel Boomerang and in the free to air channel Cartoonito during the second semester of 2024.
Steven Handley, Alisa Pomeroy and Ollie Madden were appointed as new Heads of Department, while Kiran Nataraja expanded her role taking on editorial responsibility for Channel 4 Streaming.
According to research conducted by Deloitte, despite efforts to adapt, streaming video services continue to grapple with challenges such as high expenses, customer turnover, and rivalry from alternative media formats.
With this acquisition, Reliance Industries, a multinational conglomerate already the majority shareholder in Viacom18, will solidify its position further in the Indian media landscape.
The private equity firm is allegedly in talks to acquire the entire of Paramount's assets, however it may also look to bid on specific assets within the conglomerate.