Paramount Lays Out Post Merger Plans: 'Painful' Layoffs, More Movies In Theaters, No Cable Spin-Offs
1. Paramount Skydance completed a $7.7 billion merger with TKO Group. 2. Layoffs may occur to streamline operations and reduce costs. 3. Company remains committed to theatrical releases over streaming. 4. Plans to increase movie output, targeting 20 films annually. 5. No immediate plans to spin off cable assets amid sector trends.