Staff,

Virtually one 12 months in the past, we introduced that ViacomCBS would develop into Paramount — harnessing the ability of our mixed portfolio to develop into one, built-in firm. Since then, I’ve been tremendously pleased with the numerous methods we have now labored collectively throughout platforms, manufacturers, and continents to constantly ship as world leaders in the way forward for leisure.

In that very same spirit, I’m thrilled to share the subsequent step in our firm’s evolution. At present, we’re saying that we’ll be absolutely integrating SHOWTIME into Paramount+ throughout each streaming and linear platforms later this 12 months — offering much more fashionable franchises and hit originals for viewers to take pleasure in. To mirror this alteration, each our premium streaming tier on Paramount+ and the SHOWTIME linear community will develop into “Paramount+ with SHOWTIME” within the U.S.

SHOWTIME has captivated audiences for many years with formidable authentic collection that outlined premium content material and fandom. Its title will all the time stand for critically acclaimed, groundbreaking leisure and inventive excellence. Now, with SHOWTIME’s content material built-in into our flagship streaming service, and choose Paramount+ originals becoming a member of the linear providing, Paramount+ will develop into the definitive multiplatform model within the streaming area — and the primary of its type to combine streaming and linear content material on this manner.

This new mixed providing demonstrates how we are able to leverage our complete assortment of content material to drive deeper connections with shoppers and larger worth for our distribution companions. This alteration can even drive stronger alignment throughout our home and worldwide Paramount+ choices, as worldwide Paramount+ already contains Showtime content material. And, very importantly, this integration will unlock operational efficiencies and monetary advantages throughout our broader portfolio.

Chris McCarthy will proceed to steer the SHOWTIME studio and oversee community operations for the linear channel. In tandem, he’ll work intently with Tom Ryan, who will oversee the “Paramount+ with SHOWTIME” streaming enterprise.

Whereas we’re assured that is the correct transfer for our firm, our shoppers, and our companions, we all know this alteration brings uncertainty for the groups engaged on these manufacturers and companies. We’re dedicated to being as clear and considerate as potential all through this course of, and we anticipate to share extra particulars within the coming weeks.

Within the meantime, I’d ask in your continued focus. Due to your onerous work, dedication and collaboration, Paramount+ with SHOWTIME is about up for achievement. Thanks, as all the time, for all that you simply do.

Greatest,

Bob