BUSINESS

Paramount's New Path: Ellison's Bold Moves and Challenges

USATue Nov 11 2025

Big Changes Under Ellison's Leadership

Focus Areas: Streaming and cost-cutting
Revenue Goal: $30 billion by 2026
Cost Savings: $3 billion (up from $2 billion target)

Q4 Performance

Revenue: $6.7 billion
Loss: $257 million (losses slowing down)
Streaming Revenue: Up 17%
TV Ads & Subscriptions: Down 12%

Paramount+ Growth

Subscribers: 79.1 million (up from last quarter)
Price Hike: Early 2026
Content Investment: Over $1.5 billion in 2025

Strategic Moves

M&A Approach: Build first, buy if necessary
Tech & Creativity: Aiming to compete with Silicon Valley
Layoffs: 2,000 jobs cut, 1,600 more may follow
Hiring: Duffer Brothers (Netflix), Bari Weiss (CBS News)
Departures: Taylor Sheridan ("Yellowstone") to NBCUniversal

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questions

Is the acquisition of The Free Press by Paramount a strategic move to control the narrative in mainstream media, or is there a hidden agenda?

Will the layoffs at Paramount include the person who decided to hire Bari Weiss, or are they too valuable to let go?

What specific strategies will Paramount implement to close the gap between its profit margin and free cash flow conversion compared to other leading media companies?

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