Paramount Streaming Exec Jeff Shultz Announces Departure

Shultz, instrumental in the growth of Pluto TV and Paramount+, will leave by year's end amid the company's strategic shifts.

Jeff Shultz, Paramount's Chief Strategy and Business Development Officer for Streaming, is set to exit later this year.
Shultz played a pivotal role in the success of Pluto TV, which grew to a billion-dollar revenue business under his leadership.
His departure coincides with Paramount's ongoing restructuring and the upcoming $8 billion merger with Skydance Media.
Ray Hopkins, President of U.S. Networks Distribution, will assume Shultz's responsibilities as part of a broader strategic realignment.
Paramount has been undergoing significant changes, including workforce reductions and leadership shifts, to achieve $500 million in cost savings.