Paramount Television Studios will cease operations by the end of the week, impacting about 20-30 individuals. The move is part of a long-term strategic plan being carried out by co-CEOs Brian Robbins, George Cheeks and Chris McCarthy.
Going forward, all current PTVS series and development projects — such as Prime Video’s “Cross” and Apple TV+’s “Before” and “Murderbot” — will transition to CBS Studios.
“To be clear, this is not a decision based on how PTVS performed. This move is the result of significant changes in the TV and streaming marketplace and the need to streamline our company,” Cheeks wrote in an internal memo to staff on Tuesday.