Jeff Shultz, Paramount’s Streaming Strategy Chief, Is Exiting
variety.comTodd Spangler NY Digital Editor Jeff Shultz, who has served as chief strategy officer and chief business development officer of Paramount Global‘s streaming division, is leaving the company at the end of the year.
Paramount Global and controlling shareholder Shari Redstone have clinched a deal to merge Paramount with Skydance Media, a transaction expected to close in the first half of 2025.
In the meantime, Paramount has engaged in layoffs and restructuring in its U.S. workforce aimed at slashing 15% of its domestic headcount.
Shultz announced that he will leave Paramount Global in a post Friday on LinkedIn. “To my colleagues at Paramount Streaming, writing this incredible story with you has been the honor of my career,” he wrote. “I’m sorry I won’t be with you for the next chapter, but I can’t wait to see where you go from here.” Reps for Paramount Global did not immediately provide comment on Shultz’s exit.
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