Latest news of george-cheeks

The company presented its Q3 2024 financial results, with significant growth on the DTC segment, while TV Media and Filmed Entertainment experienced revenue decreases.

Fubo won a bid to temporarily block Fox, Warner Bros. Discovery and Disney’s sports streaming joint venture last month.

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.

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.

To lead and oversee the company moving forward, Paramount Global has established an Office of the CEO, consisting of three senior company executives: George Cheeks, Chris McCarthy, and Brian Robbins.