The new structure comes as the media giant is laying off 1,000 employees, with more cuts to come at a later date

The changes come as Skydance TV and the former MTV Entertainment and Showtime groups come under the Paramount TV Studios banner, led by Matt Thunell.

Paramount has initiated its first major round of layoffs following the company’s merger with Skydance, and the David Ellison regime has cut a number of executives across its television divisions. Paramount’s linear broadcast and cable networks were hit hard,

Paramount Skydance is laying off about 10% of its workforce, achieving some of the cost savings that CEO David Ellison promised investors when he took charge of the media company over the summer.

Paramount has undergone some major changes under new owners Skydance and CEO David Ellison, and Belloni suggests that Sheridan wasn’t a fan of the new regime. The creator doles out hit after hit, but he doesn’t do it for cheap.

As Paramount begins cleaning house under new CEO David Ellison, Paramount Animation‘s President Ramsey Naito is the latest to step down from the company. Below is her note to staff this evening: Team,

Colin Farrell revealed to Stephen Colbert on “The Late Show” that Tom Cruise “was not happy” with him during the making of Steven Spielberg’s “Minority Report.” Farrell was in the midst of his substance abuse struggles during production and went out partying the night before his birthday, which happened to be a filming day. “I …

Layoffs have been expected since the industry-changing merger put CEO David Ellison in charge of the newly formed Paramount, a Skydance Corporation, in August.