Paramount+ and Showtime CMO Michael Engleman to Depart

Engleman's exit is part of a broader strategy to streamline operations and reduce costs at Paramount Global.

Michael Engleman will leave his role as CMO of Paramount+ Domestic and Showtime later this month.
His departure follows a promotion in May 2023 and comes amid broader corporate restructuring.
Paramount Global aims to cut $500 million in costs and is exploring asset sales to improve its financial position.
Engleman's responsibilities will be distributed among other executives, with no direct replacement planned.
The company is also raising prices on its streaming services to accelerate profitability by 2025.