Paramount+ is the latest streamer to pull content from its platform for tax write-off purposes.Every The Hollywood Reporter,It has been canceled Grease: Rise of the Pink Ladiesthe animated show Star Trek: The Prodigycompetition series cosmic queenand revival game. All four shows will also be purged from streaming.
grease and Star Trek: The Prodigy were canceled after each season, and both cosmic queen and game The revival has two participants. The news comes just days after Showtime is merging into Paramount+ on Tuesday, June 27.
In a statement, a Paramount+ spokesperson said: “Showtime’s portfolio of cutting-edge, critically acclaimed programming will seamlessly complement the extensive and popular Paramount+ programming library, appealing to everyone and promoting brand ties. more discoveries in between and build overall ratings.” THR. “We are refining our content offerings to provide the best possible streaming experience for our subscribers. This is consistent with our content strategy since launch and across the business, ensuring we make informed, efficient decisions based on audience data and insights. selection. We’re removing featured programming as we look to optimize Showtime’s premium original programming.”
Last month, 25 percent of the workforce at Showtime, MTV Entertainment Studios and Paramount Media Networks was laid off as part of a restructuring that shut down MTV News. Meanwhile, Showtime and Paramount Media Networks president/CEO Chris McCarthy has been working on expanding Showtime original series into full-fledged franchises.This includes up to four billions derivatives, a Dexter Prequel series, and upcoming offshoots pull word.revival nurse jackie and weeds have also been rapidly advanced.
Paramount+ joins Warner Bros. Discovery Channel and Disney in pulling shows from its streaming platform to cut costs. WBD has since licensed many of these titles to Roku and Tubi, and is reportedly in talks with Netflix to license older HBO series to further boost profits.