Paramount TV Layoffs Hit CBS Entertainment, Paramount+, MTV and More

The trailer for 'Scream 7' has just been released, and fans are thrilled to see Neve Campbell reprising her iconic role as Sidney Prescott. Set to hit theaters on February 27, 2026, this latest installment promises to bring back the suspense and thrills that the franchise is known for, with a new Ghostface killer lurking in a quiet town. This return not only excites longtime fans but also introduces a new generation to the beloved horror series.

Matt Thunell has officially formed his leadership team at Paramount Television Studios, marking a significant step in the studio's revival. This new team is primarily composed of talent from Skydance Television and Showtime/MTV Entertainment Studios, showcasing a blend of expertise that aims to drive the studio's future projects. This development is crucial as it signals a strategic direction for Paramount in the competitive streaming landscape, potentially leading to innovative content that could attract a wider audience.

Ramsey Naito, the President of Paramount Animation, is leaving the studio as part of a broader restructuring under new CEO David Ellison. Naito previously led Nickelodeon Animation, where she significantly expanded its animation slate. Her departure raises questions about the future direction of Paramount Animation and the impact on ongoing projects, especially given her track record of success in the industry.

Paramount is facing significant layoffs across its motion picture divisions, affecting production, marketing, and music teams. With around 1,000 employees receiving pink slips, this move is part of a broader strategy to save $2 billion. This situation highlights the challenges the entertainment industry is currently facing, as companies streamline operations in response to changing market conditions.

Paramount's recent layoffs have significantly impacted television executives across its networks, including CBS, MTV, and BET. This marks the first major workforce reduction since the $8.4 billion merger with Skydance, raising concerns about the company's future direction and stability. With a global headcount of 18,600, the layoffs highlight the challenges Paramount faces in a competitive media landscape, making it crucial for industry watchers to pay attention to how these changes will affect programming and leadership.

Paramount has secured a 10-year lease for a new production facility in New Jersey, which is currently being built. This strategic move not only expands their operational capacity but also enables the company to take advantage of the state's tax incentives, making it a significant step for their future projects.

In a significant restructuring move, CBS News has announced the layoff of around 100 employees, including co-hosts Michelle Miller and Dana Jacobson from 'CBS Saturday Morning.' This decision reflects the ongoing challenges in the media industry, as companies adapt to changing viewer habits and economic pressures. The impact of these layoffs extends beyond the individuals affected, highlighting the broader trend of job cuts in journalism and raising concerns about the future of news coverage.

Paramount's recent layoffs have significantly impacted CBS News, leading to the cancellation of streaming editions of CBS Mornings and CBS Evening News, along with an overhaul of CBS Saturday Morning. Additionally, the closure of the Johannesburg bureau marks a notable shift in the network's operations. This matters because it reflects broader challenges in the media industry, highlighting how companies are adapting to changing viewer habits and economic pressures.

The trailer for 'Scream 7' has just been released, and fans are thrilled to see Neve Campbell reprising her iconic role as Sidney Prescott. Set to hit theaters on February 27, 2026, this latest installment promises to bring back the suspense and thrills that the franchise is known for, with a new Ghostface killer lurking in a quiet town. This return not only excites longtime fans but also introduces a new generation to the beloved horror series.

Mubi has made an exciting move by acquiring Rodrigo Sorogoyen's romantic drama series 'The New Years' for distribution across multiple regions including North America and Latin America. This 10-part series is set to premiere on December 3 with a double episode, promising to bring fresh storytelling to audiences. This acquisition not only expands Mubi's diverse content library but also highlights the growing interest in international cinema, making it a significant development in the streaming landscape.

Alyla Browne, known for her role as young Furiosa in 'Furiosa: A Mad Max Saga,' is set to star in the Australian psychological horror film 'From Below.' Cornerstone is taking charge of worldwide sales for the film at the American Film Market, highlighting the growing interest in Browne's career and the horror genre. This project not only showcases Browne's talent but also emphasizes the increasing prominence of Australian cinema on the global stage.

Amy Acker is set to star in the upcoming holiday thriller 'Invader,' where a Christmas family gathering turns into a terrifying fight for survival against her vengeful ex-husband. This film, which is being represented for worldwide sales by Alliance Media Partners, promises to blend festive cheer with suspense, making it a unique addition to the holiday movie lineup. It's exciting to see how this film will captivate audiences looking for a thrilling twist on traditional holiday themes.

Japan Society is set to host a remarkable event featuring Shinichiro Watanabe, the visionary behind iconic anime like 'Cowboy Bebop,' and Justin Leach, producer of 'Star Wars: Visions.' This Foreign Exchange series, running from November 17-22 in New York City, promises to be a vibrant platform for cross-cultural conversations about anime and its impact. It's an exciting opportunity for fans and newcomers alike to engage with the creators who have shaped the genre, highlighting the importance of cultural exchange in the arts.

Matthew Modine is set to guest star in an upcoming episode of 'The Simpsons,' where he humorously channels his character from 'Stranger Things' to diagnose Bart as a 'psycho.' This crossover is exciting for fans as it brings together beloved characters from different iconic series, showcasing Modine's versatility as an actor. His appearance not only adds a fresh twist to the long-running animated show but also highlights the cultural impact of both 'The Simpsons' and 'Stranger Things,' making it a must-watch for viewers.