Paramount Parcels Out David Nevins Turf To Chris McCarthy, George Cheeks And Tom Ryan; CEO Bob Bakish Hails “Invaluable” Run By Departing Exec
06.10.2022 - 22:13
/ deadline.com
Chris McCarthy, Tom Ryan and George Cheeks are all seeing their portfolios expand at Paramount Global after the departure of David Nevins.
The chairman and CEO of Paramount Premium Group and Chief Creative Officer of Paramount+ Scripted Series just announced he will step down at the end of the year. Paramount CEO Bob Bakish announced how his turf is being divvied up in a memo to staffers (read it below).
Showtime Networks are moving into Paramount Media Networks, which is run by McCarthy, while Showtime’s OTT teams will move into Paramount Streaming, reporting to Ryan. BET will now move under Cheeks’ group, as will Paramount Television Studios, where it will continue to operate as a studio alongside CBS Studios.
Like all media companies, Paramount is navigating through a complex period as the traditional pay-TV bundles continues to shrink and streaming shows steady growth. Paramount recently made the decision to streamline Showtime’s streaming service and offer it in a single app with Paramount+. As a production entity, the company has also had to try to arrive at the best executive structure for managing titles produced both for in-house platforms and third parties.
Here’s Bakish’s full memo:
Team,
Today, we are announcing that David Nevins, Chairman and CEO of Paramount Premium Group and Chief Creative Officer of Paramount+ Scripted Series, has decided to step down from Paramount at the end of the year. Below, I’m sharing David’s note about the news, which he sent to the Showtime team earlier today.
During his decade-plus tenure with our company, David has been the driving force behind Showtime, transforming it into the cultural powerhouse and iconic brand that it is today. He has greenlit and developed some of