Paramount Owner Announces Major Reorganization (Topic)

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Paramount Owner Announces Major Reorganization


Viacom Corporation, which owns many assets in the entertainment industry, has announced a major reorganization program for its business. According to Deadline, citing Viacom CEO Bob Bakish, the corporation's management will focus all its efforts and financial resources on the development of six main divisions: BET, Comedy Central, MTV, Nickelodeon, Nick Jr., Paramount.

One of the key points of this plan will be "leveraging the best Paramount content in the web business and leveraging the finest web business content in the production of Paramount movies." So in the summer of 2018, the movie "Amusement Park" will be released, which will be developed in the form of a television series on the Nickelodeon channel in 2019. The Spike channel is also expected to be rebranded to become The Paramount Network in early 2018.

Recall that in early 2017, Paramount canceled the rental of several promising movie projects at once, including the sequel to the zombie drama War of the Worlds Z and a new version of the cult horror movie Friday the 13th. The reasons for this decision were not specified, nor was it announced whether production of these paintings will resume in the foreseeable future.

The Topic of Article: Paramount Owner Announces Major Reorganization.
Author: Jake Pinkman