Taylor Sheridan Exits Paramount+ for NBCUniversal in $1B Deal
In a significant move, Taylor Sheridan, a prominent creator for Paramount+, has left for NBCUniversal in a deal reportedly worth around $1 billion. Meanwhile, David Ellison, the new owner of Paramount, is set to discuss his vision for the company during the third quarter earnings call on November 10. However, the future of CBS Mornings remains uncertain, with no verified public information on potential candidates to succeed Gayle King.
Paramount has been making waves with several high-profile deals. They recently paid $7.7 billion for UFC streaming rights and $1.5 billion to re-up South Park. However, the road hasn't been smooth for Ellison. Since the Paramount-Skydance merger in August, he has faced numerous challenges. His unsuccessful bids to acquire Warner Bros. Discovery, ranging from $19 to $23.50 per share, are among them.
Gayle King has denied reports of her departure from CBS Mornings, stating that the information circulating in the press differs from what she's hearing within the company. Despite this, Paramount has begun layoffs, with 1,000 staffers let go and another 1,000 expected, representing around 10% of the company's workforce. Notably, Bari Weiss, co-founder of The Free Press, has been appointed as the editor-in-chief of CBS News, leading to the departure of eight on-air correspondents and hosts, all of whom are women.
With Taylor Sheridan's departure and David Ellison's upcoming earnings call, Paramount's future is in the spotlight. The company's recent deals and layoffs, along with the uncertainty surrounding CBS Mornings and Gayle King's future, signal significant changes ahead. As Bari Weiss takes the helm at CBS News, the industry awaits further developments.
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