The President and CEO of Paramount Premium Group and Creative Director of Paramount+ Scripted Series has just announced he will go down At the end of the year. Paramount CEO Bob Bakish announced how his territory will be divided in a memo to staff (read below).
Show time The networks are moving to Paramount Media Networks, which is headed by McCarthy, while Showtime’s OTT teams will move to Paramount Streaming, reporting to Ryan. BET will now move under the Cheeks group, as will Paramount Television Studios, where it will continue to operate as a studio alongside CBS Studios.
McCarthy’s official title is President and CEO of Paramount Media Networks; Ryan is President and CEO of Broadcast; and Cheeks is president and CEO of CBS and head of news and sports content for Paramount+.
Like all media companies, Paramount is going through a difficult period, as traditional pay-TV packages continue to shrink and streaming shows steady growth. Paramount recently made the decision to streamline the Showtime streaming service and offer it in a single app with Paramount+. As a production entity, the company has also had to try to find the best executive structure to manage the titles produced both for its own platforms and for third parties.
Here is Bakish’s full note:
Today we announce that David Nevins, President and CEO of Paramount Premium Group and Chief Creative Officer of Paramount+ Scripted Series, has decided to leave Paramount at the end of the year. Below is David’s note on the news, which he sent to the Showtime team earlier today.
During his more than a decade tenure with our company, David has been the driving force behind Showtime, transforming it into the cultural powerhouse and iconic brand it is today. He has greenlit and developed some of Showtime’s most acclaimed and popular shows, from the beloved favorites “Billions” and Shamelessto more recent hits like Your Honor Y yellow jackets. In fact, the numbers speak for themselves: Since David joined the network in 2010, Showtime has garnered a whopping 244 Emmy nominations and an impressive 33 wins.
As we have seen, David’s leadership, creativity and understanding of what the public loves has not only produced successes, but has helped us grow and define our business during a time of transformation. David has ensured that Showtime remains central to our differentiated, global, multi-platform strategy, while also supporting our amazing teams at BET and Paramount Television Studios as head of the Premium Group. He also helped grow Paramount+, our flagship streaming service, by investing in scripted originals like aura—which has attracted subscribers and boosted audience engagement around the world. And for two years as Chief Creative Officer of CBS, he brought his unique experience and creative acumen to America’s most-watched television network.
In all of these ways, David has contributed to the momentum that will continue to drive us forward. I am very grateful that he will be staying with us through the end of the year to ensure a smooth transition.
At the same time, this change has also given us the opportunity to more closely align our studios, networks, and broadcast operations as we execute on our vision and strategy for the future. To that end, we’ve made additional adjustments to our leadership structure, which we previously shared with the Showtime team:
- Showtime Networks will become part of Paramount Media Networks, under the leadership of Chris McCarthy.
- Showtime’s OTT teams will move to Paramount Streaming, reporting to Tom Ryan.
- BET will now move under the George Cheeks group, as will Paramount Television Studios, where it will continue to operate as a studio alongside CBS Studios.
Chris, Tom and George will work closely with each of these teams to ensure that we continue to create the must-have content that customers expect and receive from us, across all of our platforms and in all of the regions in which we operate.
As we begin this new chapter, I want to once again thank David for his invaluable contributions to our company. I also want to acknowledge our amazing teams at Showtime, BET and Paramount Television Studios who continue to produce so many influential series for our fans. I am so proud of the excellence you represent, every day, and I am so excited for all that is to come.