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Paramount Owner National Amusements Takes $125M Strategic Investment

Paramount Global owner National Amusements Inc. is getting a $125 million cash infusion that the Redstone family holding company says will help shore up its ownership of the entertainment firm. The strategic preferred equity investment, from BDT & MSD Partners, will be used to pay down its debt and pay back loans that had been […]

Paramount Shake-Up: Showtime Research Guru Kim Lemon Out, Laurel Weir Upped

The game of musical chairs continues at Paramount. On Tuesday, the company’s fast-rising TV boss Chris McCarthy and its chief research officer Colleen Fahey Rush announced via internal memo that Kim Lemon, Showtime’s evp of data strategy, research, scheduling and programming, would be exiting. In what it likely no surprise to those within, Lemon is […]

‘Indiana Jones’ Films to Land at Both Disney+ and Paramount+ In New Deal

All films in the Indiana Jones franchise are coming to Disney+ later this month as part of a shared rights deal between Disney and Paramount. Though Disney acquired the future franchise rights to Indiana Jones in 2013, the first four films — Indiana Jones and the Raiders of the Lost Ark, Indiana Jones and the […]

A Startup From the Co-Founder of Pluto TV Thinks America Is Ready for Free TVs

Is America ready for the free, ad-supported TV set? Ilya Pozin, the co-founder of Pluto TV (the free, ad-supported streaming service now owned by Paramount), sure thinks so. On Monday, Pozin officially unveiled Telly, a company that plans to ultimately give away millions of premium TV sets, for free (its online reservation system opened Monday […]

Cannes: Why Martin Scorsese and Backers Declined a Spot in Competition for ‘Killers of the Flower Moon’

At the 2023 Cannes Film Festival, which kicks off Tuesday, six titles — not counting midnight screenings or the TV series The Idol — will screen “out of competition,” meaning with a big red carpet premiere and the heavy media coverage that accompanies one, but without eligibility for festival prizes. They include fest opener Jeanne du […]

Paramount Global Communications Chief Jenny Tartikoff Exits

Jenny Tartikoff has stepped down as executive vp of global communications at Paramount Pictures, effective immediately. Paramount chair-CEO Brian Robbins revealed her exit in a note to staff. Tartikoff arrived at the Melrose lot in November 2021, not long after Robbins ascended to studio chief. She previously held a top communications job at Universal. In […]

Paramount Cuts 25 Percent of Staff From TV Networks, MTV News Shutting Down

The cuts keep coming. Chris McCarthy’s swath of Paramount Global is laying off 25 percent of its domestic team today. The reduction comes on the heels of integrating Showtime into his cable and streaming purview, which will be consolidated into two functions going forward. There are “studios,” which now combine Showtime with MTV Entertainment Studios, […]

Paramount Officially Orders ‘Yellowstone’ Sequel, Announces an End to the Main Series

Yellowstone is officially coming to a close, but the Dutton Dynasty will live on. The news that Yellowstone’s final episodes will air starting in November, which follows a protracted scheduling battle with star Kevin Costner, also includes the formal reveal that Paramount will be moving forward with a sequel to the most watched show across […]

Arnold Schwarzenegger Set to Kick Off White House Correspondents’ Dinner in Cold Open (Exclusive)

This year’s White House Correspondents’ Dinner will open up with some major star power, as The Hollywood Reporter hears that action star (and former California Gov.) Arnold Schwarzenegger will kick off the program with a pretaped “cold open.” Exactly what Schwarzenegger will say or do remains a mystery for now, though he has made news […]

‘Star Trek: Strange New Worlds’ Season 2 Trailer Shows Captain Kirk Return

The trailer for Star Trek: Strange New Worlds‘ second season shows the return of Captain Pike, Number One, Spock and, well, plenty of strange new worlds. There’s also the return of James T. Kirk, who is played by Paul Wesley and was introduced as a guest star during season one. Wesley is billed as a […]

Tyler Perry Says He Is “Beyond Interested” in Majority Stake in BET

Tyler Perry says his interest in buying a majority stake in BET following news that Paramount was exploring a sale is far from rumor. The producer and studio owner, who has been a longtime partner of BET, dispelled notions that he wasn’t fully interested in the network while recently speaking to Entertainment Tonight at Tyler […]

Paramount’s Chris McCarthy on the Future of ‘Daily Show,’ ‘Yellowstone’ Offshoots and Why Showtime Eulogies Are Premature

It’s been six months since Chris McCarthy added Showtime to his portfolio, and he knows what a healthy swath of Hollywood has said. He’s read the network eulogies and seen the variations on “RIP Showtime” tweets. He’s even sat with folks who have bemoaned his stated plan to lean into franchises, be it more Billions […]