Paramount Global announced today they plan to "transform" Paramount+, most likely folding its content into another streaming service.
I'll be intrigued to see how this affects
#TheChallenge and
#DragRace, since both have housed All-Stars seasons there:
https://t.co/mEZbKEBJG4- Mike Bloom (@AMikeBloomType)
June 6, 2024 -The execs of Paramount Global announced that they had a plan to “transform” the company’s streaming strategy
-The company may be sold or become a joint venture with another streaming service (Peacock is a strong rumor) though they arent necessarily interested in a bundle package like WB/Disney plan on doing.
-Essentially Paramount doesnt want to pay the price that comes along with being an individual streamer and wants someone else to take on the cost/split the cost
-It is very likely that Paramount will get new leadership which will lead to yet another "lets cancel things and go in a new direction". Last year Paramount decided they wanted to focus on franchises, closed down Showtime, and got rid of a bunch of programming like Real World Homecoming series since it didnt fit in their new mold.
-Fans are worried about Big Brother live streams.
-Basically "Hulu was great and everyone was wrong for getting greedy and splitting up"
Source