Comcast, Paramount Skydance mull shutting European streaming venture SkyShowtime
- On Monday, Comcast and Paramount Skydance informed SkyShowtime CEO Monty Sarhan they have launched a "review of strategic options" for the European streaming service, which includes the possibility of a wind down.
- Launched four years ago, SkyShowtime serves more than 20 European territories by combining programming from NBCUniversal, Peacock, Paramount, and Sky Studios, effectively offering a service with the combined strength of major platforms.
- The board's note to Sarhan described the update as "the beginning of a dialogue, not the end of one," emphasizing that the service continues to operate normally for customers and partners today.
- Uncertainty stems from the impending Paramount-WBD deal, as reports suggest plans to fold the service into Paramount. Industry sources indicated the David Ellison-run company's proposed ownership of HBO Max could breach the joint venture agreement.
- Regarding SkyShowtime, the board stated, "Where any proposal could affect employees, we will follow the information and consultation processes required in each of our markets," recognizing the difficult news creates uncertainty for the team.
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15 Articles
The European streaming platform is at risk in a highly competitive and constantly evolving market, they warned that it brings Comcast and Paramount together.
Comcast, Paramount Skydance mull shutting European streaming venture SkyShowtime
Comcast's NBC and Paramount Skydance are considering winding down their SkyShowtime joint venture, which streams shows and movies in European markets, according to a letter reviewed by Reuters on Monday.
SkyShowtime May Be Shut Down, Says Board Of Paramount-Comcast Streamer
The future of Paramount and Comcast’s international streamer SkyShowtime is in serious doubt amid the Paramount-Warner mega-merger. A note from the SkyShowtime board to CEO Monty Sarhan informed him that it has kicked off a strategic review, “which includes the possibility of a wind-down.” “No decisions have been made, and all options remain under consideration,” […]
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