Paramount in Limbo: Behind Its TV Studio Shuffle.

Paramount Global has made the decision to close its TV studio, Paramount TV Studios, resulting in job losses and the transfer of several series to another studio. The closure is part of a larger effort by Paramount to reduce costs and make its streaming platform, Paramount+, more profitable. The remaining TV productions will be moved to CBS Studios, and there is the potential for a merger between Skydance and Paramount in the future. Paramount TV Studios was known for producing series for outlets outside of its corporate umbrella, including popular shows like "13 Reasons Why" and "Watchmen." Streaming platforms continue to dominate TV usage, with YouTube becoming the first streamer to capture over 10% of all TV use. [Extracted from the article]