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Paramount Global Considers Africa Office Closure Amid Streaming Shift

7/23/2025

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Summary

Story summary

Paramount Global is reevaluating its international pay TV strategy, which may lead to the closure of its Africa offices and local channels in Johannesburg and Lagos, affecting nearly 100 employees. This decision reflects a broader industry trend towards streaming, as the company also seeks FCC approval for an $8 billion merger with Skydance Media.

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Story summary

Paramount Global is reevaluating its international pay TV strategy, which may lead to the closure of its Africa offices and local channels in Johannesburg and Lagos, affecting nearly 100 employees. This decision reflects a broader industry trend towards streaming, as the company also seeks FCC approval for an $8 billion merger with Skydance Media.