Paramount Streaming's CSO Jeff Shultz departs before $8B Skydance merger; major streaming strategy shift ensues.

Jeff Shultz, Paramount Streaming's Chief Strategy and Business Development Officer, will leave the company by year's end, ahead of its $8 billion merger with Skydance Media in 2025. Shultz played a key role in the growth of Paramount's streaming services, including Pluto TV. Amid leadership changes and cost-cutting, Paramount is focusing on enhancing its streaming strategy and sports content as it adapts to industry challenges.

October 18, 2024
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