ramo - Latest news Search results for ramo

Paramount to layoff around 3,000 employees 13 AUG 2024

Corporate Moves

Paramount to layoff around 3,000 employees

The cuts, which add to the round of layoffs the company implemented in February of this year and that reduced its employee base by 3%, are part of a corporate effort to generate annual run-rate cost savings of $500 million.
Nickelodeon, Paramount+ Marketing Exec Sabrina Caluori exits 13 AUG 2024

Corporate Moves

Nickelodeon, Paramount+ Marketing Exec Sabrina Caluori exits

Her departure follows that of Paramount+ and Showtime CMO Michael Engleman. Paramount last Thursday confirmed deep cutbacks are coming soon, with 15% of the U.S. workforce to exit before the end of the year.
Despite revenue fall, Paramount’s DTC segment grew 9 AUG 2024

Production

Despite revenue fall, Paramount’s DTC segment grew

The company presented its financial results for the second quarter of 2024, which saw a weaker performance in its TV Media and Filmed Entertainment segments, but a 13% year-over-year increase in revenue for the DTC segment.
Sony announced international distribution deals for “Red Eye” 9 AUG 2024

Distribution

Sony announced international distribution deals for “Red Eye”

The company sold the British action thriller to more than 120 territories worldwide, including Paramount+ in Canada, Netflix in Germany, Max and HBO Max in CEE, and France TV.
Paramount+ Domestic and Showtime CMO Michael Engleman to leave 7 AUG 2024

Corporate Moves

Paramount+ Domestic and Showtime CMO Michael Engleman to leave

The executive, who had been promoted a year ago, announced to employees he will depart from the company later this month.