"The progress we've made over the past 6+ months - from advancing our strategy to strengthening our portfolio and reorganizing our businesses to operate more efficiently and effectively - is a direct reflection of your hard work and commitment."
"We recognize that in today's highly competitive marketplace, sustainable growth depends not only on what people watch, but on the quality of the overall user experience. That's why we are prioritizing investments in advanced technology and data capabilities to strengthen and differentiate our DTC offering."
"We are making meaningful investments across the company in innovation and technology, and we look forward to sharing more details in the coming months."
Paramount Skydance met Wall Street estimates in its fourth quarter under new CEO David Ellison. Ellison emphasized to employees that the company's progress reflects their hard work and commitment. He outlined Paramount's strategic focus on becoming a tech-forward media company by supercharging technology and data capabilities. Ellison stressed that sustainable growth depends on both content quality and user experience. The company is making meaningful investments in innovation and technology across all divisions. Paramount plans to add short-form video to Paramount+ and explore interactive features and user-generated content. Ellison also prioritized attracting leading creative talent, recruiting former Netflix executive Cindy Holland to lead streaming operations.
Read at Business Insider
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