MTV will close its remaining music-focused channels worldwide by December 2025, marking the most significant retreat in the network’s four-decade history. The shutdown affects channels across Europe, the UK, Australia, and Brazil, as Paramount shifts MTV toward streaming-first entertainment and digital formats.
Shares in Warner Bros Discovery and Paramount Skydance have surged following reports that Paramount Skydance is preparing a full takeover bid for its rival. The potential deal comes amid growing scrutiny from President Donald Trump’s administration and ongoing transformation in the media landscape shaped by streaming.
