Latest news of george-cheeks

Paramount’s DTC continues to grow, while traditional media faces challenges 8 NOV 2024

Production

Paramount’s DTC continues to grow, while traditional media faces challenges

The company presented its Q3 2024 financial results, with significant growth on the DTC segment, while TV Media and Filmed Entertainment experienced revenue decreases.
Venu Sports antitrust trial set to begin in October 2025 13 SEP 2024

Streaming

Venu Sports antitrust trial set to begin in October 2025

Fubo won a bid to temporarily block Fox, Warner Bros. Discovery and Disney’s sports streaming joint venture last month.
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.
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.
Paramount announces new leadership, Bob Bakish steps down as President and CEO 29 APR 2024

Forecasts

Paramount announces new leadership, Bob Bakish steps down as President and CEO

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.