Maria Kyriacou, Paramount Global‘s President, Broadcast & Studios, International Markets, is exiting the U.S. media large after 4 years, because it prepares to slim down its worldwide originals providing.
Paramount worldwide boss Pam Kaufman and CBS CEO George Cheeks have emailed workers previously jiffy asserting the information, stressing that worldwide content material technique is now “focusing more heavily on our Hollywood franchises, films and series, which have mass global appeal,” coming after head honcho Bob Bakish detailed technique yesterday.
Kyriacou won’t get replaced externally. CBS Studios President David Stapf will tackle her Paramount Television International Studios (PTIS) remit and native leaders will proceed overseeing worldwide free-to-air networks.
Kyriacou’s final day is right this moment however she’s going to proceed working with the staff till March. She joined from ITV Studios in 2020 to supervise the UK, Australia, Canada and Israel, and has most just lately been main PTIS together with Channel 5, Network 10, Chilevisión and Telefe outdoors of the U.S. She spent a decade at ITV Studios and was beforehand an SVP at Disney for 15.
Kaufman and Cheeks stated Kyriacou has “demonstrated an unwavering commitment to driving our business forward, achieving commercial results, and mastering the art of delivering high-quality, authentic local stories to our platforms in markets around the world.” They flagged native PTIS successes reminiscent of Uno Para Morir (Death’s Roulette), No Escape, The Burning Girls and Anderson Spider.
The pair stated they “recognize” that Kyriacou’s departure will imply “redefining how we work together as ‘One Paramount’ across these lines of business.”
The ‘One Paramount’ technique was unveiled by Bakish throughout an earnings name yesterday and in a workers memo afterwards as Paramount prepares for mass layoffs, that are set to impression lots of of workers throughout the corporate.
Bakish’s ‘One Paramount’ plan has three strategic targets: maximizing content material, driving streaming profitability, and “further unlocking the power of One Paramount.” “As it has over the past few years, this does mean we will continue to reduce our workforce globally,” his memo learn. “These decisions are never easy, but are essential on our path to earnings growth.”
As a part of the primary prong, Paramount will producer “fewer local, international originals for our platforms,” based on Bakish’s memo, though he confused a continued dedication to free-to-air networks.
Bar Kyriacou, all of Paramount’s worldwide workers are remaining in publish in the intervening time. Deadline revealed final 12 months that Paramount was shuttering its UK unscripted division, which made the likes of Catfish UK and True Life Crime, resulting in round 20 layoffs. At that time, Paramount shifted its worldwide manufacturing focus to high-end scripted.
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