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flag Paramount TV Studios shuts down, causes layoffs, and moves series under CBS Studios.

flag Paramount TV Studios is shutting down this week, resulting in layoffs and an estimated $500 million in cost savings ahead of the company's merger with Skydance. flag President Nicole Clemens will exit, while current and future series will move under CBS Studios. flag This is part of a restructuring process amid cost cuts.

8 months ago
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