Paramount Global's Business Strategy

SOURCE www.hollywoodreporter.com
Paramount Global's trio of co-CEOs announced plans to sell assets to pay down debt and focus on profitability at a town hall meeting. They aim to transform their streaming strategy, optimize their asset mix, and modernize the organization to achieve success.

Key Points

  • Revenue growth of 13%
  • Operating income decline of 61%
  • Focus on Paramount+ streaming service
  • Optimizing asset mix
  • Cost savings of $500 million annually

Pros

  • Addressing profit declines
  • Focus on long-term success
  • Strategic pillars for transformation

Cons

  • Potential layoffs
  • Uncertainty regarding job cuts timeline