Ellison's Paramount: Major Investment, Job Cuts
Update: 2025-11-11
Description
David Ellison, Paramounts new head, unveils his vision for the company, involving significant investment in content and technology, and substantial job cuts. The merger with Skydance Media, valued at eight billion dollars, ends the Redstone familys control. Ellison plans to double Paramounts movie releases, strengthen Paramount Plus, and reduce the workforce by fifteen percent. Despite a net loss, Paramount Plus gains subscribers, and the company projects thirty billion dollars in revenue by 2026.
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