Paramount Direct-to-Consumer is a publicly owned entity headquartered in the US, operating as a segment of Paramount Global. Founded in 2019, the company operates with an estimated 40,870 employees and reported $8.6 billion in revenue as of 2025. The company specializes in delivering content directly to consumers through its digital streaming platforms. Its portfolio encompasses services such as the subscription service Paramount+, the free ad-supported platform Pluto TV, the premium network Showtime, the African American-focused BET+, and the preschool streaming service Noggin.
On March 22, 2026, Paramount's espionage thriller "Special Ops: Lioness" began its phased departure from Netflix in Canada, Australia, and several Latin American countries, concluding in mid-April 2026, a move that reportedly rules out further season additions on the streaming platform following its successful licensed run. Previously, on March 21, Paramount and Hasbro quietly halted a "G.I. Joe" sequel script from Max Landis, citing creative differences, though a separate take from Danny McBride continues development. Earlier that day, Paramount/Skydance acquired Warner Bros. Discovery, outbidding Netflix for the studio, a deal that, if confirmed, would see characters like Bugs Bunny and SpongeBob SquarePants sharing the same home and could significantly impact Netflix’s animation future. Also on March 21, CBS News announced it would cut 6% of its staff and shut down CBS News Radio after nearly 100 years in operation, a decision communicated by editor-in-chief Bari Weiss and President Tom Cibrowski.
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