Overview
- The SkyShowtime board told CEO Monty Sarhan on Monday that shareholders have started a formal strategic review of the service that explicitly includes the possibility of a wind‑down.
- The board said no final decisions have been made and asked teams to keep the service running normally while any employee impacts follow local consultation rules.
- Regulatory filings show steep losses for SkyShowtime, including an operating loss of €543.7 million on €275.1 million of revenue in 2024, even as the service has grown to roughly 10 million subscribers, according to an industry insider.
- Some industry sources say the review is a joint, shareholder-led move separate from Paramount’s $110 billion merger with Warner Bros. Discovery, while other coverage ties the timing to merger-related legal and regulatory constraints that could shape possible outcomes.
- If the partners chose to wind down the service it would affect staff and local operations across 22 European markets and could prompt new arrangements for how Paramount, Comcast and Sky Studios distribute content in the region.