2024-08-18 09:47:00
“Cord-cutting,” the nickname given to the phenomenon of unsubscribing from cable in the United States in favor of streaming offers, is starting to cause serious damage. The transition may have started several years ago, but the movement is accelerating at a pace that exceeds the fears of Hollywood’s historic studios, Warner Bros. Discovery and Paramount, which retain significant activities in traditional television.
Midweek, Paramount – which is in the process of being acquired by Skydance Media, although Seagram heir Edgar Bronfman Jr. could still be preparing a rival offer according to Bloomberg – announced the closure of its audiovisual production branch Paramount Television Studios, which notably produced the series “13 Reasons Why” on Netflix and “Jack Ryan” and “Reacher” on Amazon Prime Video. The sister division CBS Studios will now be responsible for producing content for the CBS network and Paramount +, according to the “Wall Street Journal”.
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