Posted 2/28/2024, 11:16:09 PM
Paramount Aims to Cut Content Spending Across Film, TV, and Streaming
- Paramount aiming to reduce content spending and production costs across film, TV, and streaming
- Experimented with lower-cost programming during 2022 strikes; saw success so will continue
- For films, focusing on lower average cost per title by balancing tentpoles and modest-budget titles
- For TV, prioritizing lower-cost unscripted formats and shows shot abroad
- Will see some reductions in local originals for Paramount+ in some markets, shift more focus to global hits