{"id":22735,"date":"2024-10-17T09:00:27","date_gmt":"2024-10-17T08:00:27","guid":{"rendered":"https:\/\/intelligence.ensider.de\/?p=22735"},"modified":"2024-10-17T09:06:42","modified_gmt":"2024-10-17T08:06:42","slug":"paramount-germany-closure-and-reorganisation-in-the-course-of-the-skydance-takeover","status":"publish","type":"post","link":"https:\/\/intelligence.ensider.de\/en\/2024\/10\/17\/paramount-germany-schliessung-und-umstrukturierung-im-zuge-der-skydance-uebernahme\/","title":{"rendered":"Paramount Pictures Germany in the run-up to the Skydance takeover"},"content":{"rendered":"
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The closure of Paramount Pictures Germany is part of major structural changes within the company. Paramount Global is expected to be acquired by Skydance Media in 2025, which will lead to significant reorganisation.<\/p>\n

Currently, the three co-CEOs of Paramount - George Cheeks, Chris McCarthy and Brian Robbins - are in a precarious position. Their contracts have been updated to allow them to resign and receive severance pay in the event of demotion. This arrangement gives the executives security as the company seeks to drastically reduce costs by $500 million per year and cut 15 % of its US workforce, about 2,000 jobs.<\/p>\n

The closure of the German branch could be part of this comprehensive cost-cutting strategy, which was already initiated before the merger with Skydance. With the upcoming merger, David Ellison, CEO of Skydance, will take over the management of the merged company, which could result in further changes to the corporate structure and strategic direction.<\/p>\n

To summarise, the situation for Paramount Pictures Germany and the entire corporate structure is tense as they prepare for the upcoming change of ownership and the associated restructuring.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

Variety<\/a> reports in detail.<\/p>\n

Picture: \u00a9 IFP<\/p>\n

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The closure of Paramount Pictures Germany is part of major structural changes within the company. Paramount Global is expected to be acquired by Skydance Media in 2025, which will lead to significant restructuring....<\/p>","protected":false},"author":18,"featured_media":21165,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[51,47,53,49],"tags":[],"class_list":["post-22735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-filmwirtschaft","category-fuehrungswechsel","category-news","category-transaktionen"],"acf":[],"_links":{"self":[{"href":"https:\/\/intelligence.ensider.de\/en\/wp-json\/wp\/v2\/posts\/22735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/intelligence.ensider.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/intelligence.ensider.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/intelligence.ensider.de\/en\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/intelligence.ensider.de\/en\/wp-json\/wp\/v2\/comments?post=22735"}],"version-history":[{"count":9,"href":"https:\/\/intelligence.ensider.de\/en\/wp-json\/wp\/v2\/posts\/22735\/revisions"}],"predecessor-version":[{"id":22744,"href":"https:\/\/intelligence.ensider.de\/en\/wp-json\/wp\/v2\/posts\/22735\/revisions\/22744"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/intelligence.ensider.de\/en\/wp-json\/wp\/v2\/media\/21165"}],"wp:attachment":[{"href":"https:\/\/intelligence.ensider.de\/en\/wp-json\/wp\/v2\/media?parent=22735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/intelligence.ensider.de\/en\/wp-json\/wp\/v2\/categories?post=22735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/intelligence.ensider.de\/en\/wp-json\/wp\/v2\/tags?post=22735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}