Showtime is becoming a member of forces with Paramount+.
Paramount Global introduced Monday that Showtime is being built-in into Paramount+ throughout each linear and streaming platforms.
What is the title of the rebranded service?
Paramount+ With Showtime.
The change will solely have an effect on the premium tier for Paramount+ and the Showtime linear community.
The change is to combine streaming and linear content material and use franchises to their full extent.
“This new combined offering demonstrates how we can leverage our entire collection of content to drive deeper connections with consumers and greater value for our distribution partners,” Paramount CEO Bob Bakish mentioned in a memo to workers Monday.
“This change will also drive stronger alignment across our domestic and international Paramount+ offerings, as international Paramount+ already includes Showtime content.”
“And, very importantly, this integration will unlock operational efficiencies and financial benefits across our broader portfolio.”
President and CEO of Showtime and Paramount Media Networks, Chris McCarthy, mentioned in his memo to workers:
“As a part of Paramount+, we can put more resources into building out the lanes that have made the SHOWTIME brand famous, as well as turning our hit shows into global hit franchises.”
“To do this, we will divert investment away from areas that are underperforming and that account for less than 10% of our views.”
“We have already begun conversations with our production partners about what content makes sense moving forward and which shows have franchise potential.”
Showtime canceled a trio of exhibits Monday after the merger was introduced.
American Gigolo and Let the Right One In won’t be renewed for second seasons.
Meanwhile, the community’s Three Women adaptation is not shifting ahead on the premium cabler.
All episodes had been within the can, which means the challenge can be shopped to different potential houses.
But nonetheless, it turns into the newest in an alarmingly lengthy line of collection which might be being canceled with a complete season within the can.
“We are extremely proud of this series and of the outstanding work by Demián Bichir, Madison Taylor Baez, Anika Noni Rose, our showrunner Andrew Hinderaker and his fellow executive producers, and the entire cast and crew,” Showtime mentioned in a press release, in line with THR.
“We would like to thank all of them and our partners at Tomorrow Studios, and we wish everyone the best going forward.”
The cabler added the next about American Gigolo.
“We are grateful to our partners at Paramount Television Studios, the producing team, cast and crew for their tremendous efforts to bring this series to life.”
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Paul Dailly is the Associate Editor for TV Fanatic. Follow him on Twitter.