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ViacomCBS to restructure Paramount Footage – NewsEverything Enterprise

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© Reuters. FILE PHOTO: Guests are silhouetted on the Paramount Footage stand through the annual MIPCOM tv programme market in Cannes, France, October 15, 2018. REUTERS/Eric Gaillard

(Reuters) – ViacomCBS (NASDAQ:) Inc is revamping the operations of its Paramount Footage film and tv manufacturing unit underneath a broader administration shake-up, the Wall Road Journal reported on Sunday, citing folks acquainted with the matter.

The realignment will see Paramount Tv anticipated to focus totally on making content material for its sister cable and streaming networks, the report https://on.wsj.com/3tyykFQ added.

Paramount Tv creates content material for media platforms equivalent to Apple Inc (NASDAQ:)’s TV+ platform and Netflix Inc (NASDAQ:).

The brand new construction, anticipated to be unveiled on Monday, may have the film and tv arms run as separate entities, the newspaper reported citing sources.

The corporate didn’t instantly reply to a Reuters’ request for a remark.

Nickelodeon chief Brian Robbins will oversee movies whereas David Nevins, a long-time ViacomCBS tv government, will head the Paramount tv unit, the report stated.

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