Subscribers of Paramount Plus are anxious in regards to the destiny of the streaming platform and questioning whether it is shutting down, following the latest announcement of Paramount TV Studios‘ (PTVS) shutdown forward of its preparations to merge with Skydance Media. Furthermore, they’re involved in regards to the destiny of reveals produced below the purview of Paramount TV Studios, like Amazon Prime Video’s Reacher, following the shutdown. They’re additionally questioning if such reveals can have its manufacturing now overseen by CBS Studios.
So is Paramount Plus shutting down and why is Paramount TV shutting down? Moreover, what is going to occur to all at present operating Paramount TV reveals following the shut down? Here’s a breakdown of the buzzing state of affairs.
Is Paramount Plus shutting down?
No, Paramount Plus will not be shutting down.
It is because Paramount Plus is a wholly totally different entity from Paramount TV Studios. As such, as a consequence of an absence of direct relation between the streaming platform and the soon-to-be former division of Paramount International, Paramount Plus will stay unaffected.
Why is Paramount TV Studios shutting down?
Paramount TV Studios is shutting down on account of broader restructuring plans.
This was revealed by Nicole Clemens, president of Paramount TV Studios in a memo to the PTVS workers (by way of Deadline). Within the memo, she additionally thanked the workers and CBS President and CEO George Cheeks for being supportive and inspirational in her profession. Moreover, Clemens opined how their “ethos” would dwell on within the profitable reveals they helped produced, like Reacher and Tom Clancy’s Jack Ryan.
George Cheeks additionally clarified in a separate memo that PTVS’ shutdown was not due to its efficiency. As an alternative, it was because of the must streamline the corporate. Moreover, it’s due to the important thing modifications within the streaming and TV market however doesn’t point out that Paramount Plus is shutting down.
What occurs to all ongoing Paramount TV reveals after Studio shuts down?
Shifting ahead, CBS Studios will handle all ongoing Paramount TV Studios-produced reveals after the latter’s shutdown.
This consists of reveals like Amazon Prime Video’s Cross and Reacher, in addition to Apple TV’s Time Bandits and Murderbots. Thus, followers curious about these upcoming initiatives needn’t be frightened about any potential cancelations.
