My guess is, this’ll be the first of many such deals. Paramount’s new owners Skydance want $2 billion in cost savings, and closing international distribution offices and outsourcing product is a “great” way to do that. (They did it in Japan years ago – Toho/Towa handles all releases there.) Hope all those affected on the ground can find work elsewhere quickly.
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My guess is, this’ll be the first of many such deals. Paramount’s new owners Skydance want $2 billion in cost savings, and closing international distribution offices and outsourcing product is a “great” way to do that. (They did it in Japan years ago – Toho/Towa handles all releases there.) Hope all those affected on the ground can find work elsewhere quickly.