Bob Bakish, CEO of Paramount Global, speaks at the Velocity Showcase at MTV Europe Music Awards 2022 held on November 12, 2022. Andreas Rentz/MTV/Getty Images for MTV
The latest round of the latest round of Paramount (Para) Global included full staff of Nicelodian membership-based streaming platform Nogin, Trade Publication Kidskreen reported yesterday (15 February). And as a result, children focused on children are closing.
Nogin’s programming includes long and short video content for young children, as well as sports and books. According to Kidskreen, video programming will be transferred under Nick Junior, a channel that Nogin’s many shows, such as Blue’s clues and Dora the Explorer, came originally.
Paramount on Tuesday (February 13) announced a plan to cut the headcon in its operation. However, CEO Bob Bakish did not disclose the number of employees to be impressed. Many outlets reported that media giants want to cut around 800 employees, or 3 percent of its total workforce. Bakish said in a memorandum that he was confident that he took a “correct decision” for the company’s future.
Paramount refused to comment on which departments were affected by the latest round of retrenchment. According to the deadline, for the first time that the pruning in January was on the horizon, all the divisions of the paramount were affected by Tuesday’s announcement. CBS News allowed 20 employees, including top reporters, according to diversity.
This week the leadership shakeup highlighted some light, which can affect some parts of the paramount. According to Deadline, several officials of the International Distribution Division of Paramount TV Studios, as well as nickelodian, CBS, Shotime, Shotime and Paramount Global, went this week.
It is not clear how many employees worked for Nogin. Its linkedIn shows between 50 and 200 employees and freelancers worked for streaming platforms.
Paramount closed several teams last year. The company cut 25 percent of its American employees in Shotime/MTV Entertainment Studio and Paramount Media Network in early 2023. It then closed MTV News and Shotime Sports.
Possible merger of paramount+ with another streammer
The possibility of paramount has been talked about selling yourself and merging your streaming service, paramount+with a big player. In December, the company was allegedly discovering a combination between Paramount+ and Apple TV+. Today, Wall Street Journal said that the peacock of CMCSA is interested in a similar deal.
A bundle between paramount+ and peacock can also offer a strong game offering. Peacock’s customer growth has been impressive compared to the previous year. Analysts estimate that Mayur may have added about 3 million customers in a weekend through NFL’s AFC Wild Card Playoffs in January.
The peacock is also set to stream the Olympics through NBC sports this year. Last week, Paramount broadcast Super Bowl through its linear CBS channel and Paramount+. The telecast 123 million records reached the number of high audiences.