Now that CBS and Viacom have announced that the two companies will recombine, a big question mark is whether or not their separate TV production units will merge as well.
“For now, I hear the two studios will continue as separate outfits,” reports Nellie Andreeva for Deadline.
She continues, “The long-term prospects are unclear. Paramount Television was started by former Paramount Pictures chief Brad Grey, who came from a strong TV background, with the goal of producing series for the premium/streaming marketplace and exploit the Paramount movie library. After a few years of rapid growth, Paramount TV over the past year or so scaled back on staff while broadening the scope of its development to also include broadcast.”
Andreeva adds, “Meanwhile, CBS TV Studios has transformed itself from a main supplier to CBS and the CW to a studio with a formidable a growing cable/streaming portfolio, in large part driven by the programming needs of streamer CBS All Access.”
“TV production is a major growth engine right now as need for original content intensifies,” Andreeva explains, adding, “While Disney shut down a film label, Fox2000, after the recent acquisition of Fox assets, the company kept all TV production entities intact — 20th Century Fox TV, Fox 21 TV Studios and ABC Studios/ABC Signature, now part of Disney TV Studios, as well as FX Prods. and FX Searchlight’s TV division.”
To read Andreeva’s full discussion about this item, please click here, which will take you to her original story on the Deadline website.