In a significant shakeup, Paramount has begun laying off 1,000 employees as part of a strategy to cut costs and streamline operations under new CEO David Ellison. This move marks the first phase of a broader plan to eliminate 10% of the workforce, reflecting the challenges facing the entertainment industry amid changing consumer habits.
As Paramount's licensing deal for South Park expires, a fierce legal dispute unfolds between the show's creators and executives over contract negotiations with potential suitors, raising questions about the show's future.
