Paramount’s merging its Paramount Plus streaming service and premium Showtime channel, as first reported by The Hollywood Reporter. In an internal memo, CEO Bob Bakish announced the company’s rebranding its Showtime channel as Paramount Plus with Showtime.
Paramount confirmed the change in a post on Twitter, noting that the merger is “the natural next step in our evolution.” The company’s also planning to carry over “select” original content from Paramount Plus to the TV network, which could include shows like Halo and Yellowstone spinoff 1923.
Bakish says the move “brings uncertainty for the teams working on these brands and businesses” and that he’ll share more details in “the coming weeks.”