Overview

• Bankers hired to explore sale of assets, including BET and Pluto TV, to pay down debt.
• Company to implement $500 million in annual cost savings through layoffs and efficiency improvements.
• Streaming strategy to be transformed, with potential international partnerships to boost profitability.
• Revenue has grown 13% since 2018, but operating income has declined by 61%.
• Paramount's stock has fallen significantly, with a 29% drop year to date.