Comcast, Paramount Exploring Strategic Options for SkyShowtime
The joint venture's board of directors said all options remain under consideration, including a possible "wind-down" of the streaming service The post Comcast, Paramount Exploring Strategic Options for SkyShowtime appeared first on TheWrap .
Comcast and Paramount are considering various options for their European streaming venture, SkyShowtime. The joint venture, which has nearly 10 million subscribers since its launch four years ago, is facing a competitive market landscape and is now reviewing strategic possibilities, including winding down the service. While no decisions have been made, the SkyShowtime board shared a letter with staff, informing them that the business is undergoing a review of strategic options.
SkyShowtime's CEO, Monty Sarhan, emphasized that the company will continue to operate normally for customers and partners, asking the team to focus on delivering quality service and programming. The review also comes amid legal challenges faced by Paramount regarding its $110 billion merger with Warner Bros. Discovery.
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