Paramount CEO Bob Bakish Steps Down, Will Receive $50 Million Severance Package
Bakish’s departure happens as Paramount continues to negotiate a merger with Skydance Media.
Bakish’s departure happens as Paramount continues to negotiate a merger with Skydance Media.
Paramount announced 800 layoffs this week, and it looks like the company’s preschool platform Noggin will be particularly hard-hit.
CEO Bob Bakish thanked the employees for helping to “advance [Paramount’s] mission of unleashing the power of content around the world.”
ViacomCBS’s revamped streamer, due to launch in summer, will be home to shows from Nickelodeon, Paramount, and MTV, among others.
“The Spongebob Movie: Sponge on the Run” is currently due to hit theaters on August 7 — among the earliest scheduled releases in the calendar.
Nickelodeon has a new leader.
The top exec at Nickelodeon since 2006, Zarghami is stepping down after a major reorganization effort at Viacom.