Tag: paramount

Entertainment

MTV to Shut Down All Remaining Global Music Channels by December 2025

Tanisha Cardozo

Written by Tanisha Cardozo || Team Allycaral Entertainment Desk

MTV is preparing to shut down all of its remaining music channels worldwide by December 2025, marking one of the most transformative shifts in the brand’s four-decade history. What began in 1981 with the iconic debut of “Video Killed the Radio Star” is now giving way to a media landscape dominated entirely by streaming platforms. Paramount Skydance, MTV’s parent company, has confirmed plans to close channels including MTV Music, MTV Hits, MTV 80s, MTV 90s, Club MTV, and MTV Live across the United Kingdom, Ireland, and Europe. Similar closures will also take place in France, Germany, Poland, Hungary, Austria, Brazil, and Australia. The decision underscores how dramatically audience habits have shifted, with platforms like YouTube, Spotify, Apple Music, and TikTok replacing traditional music television as the primary mode of music discovery and consumption.

Over the past decade, MTV had already begun pivoting away from music programming, focusing instead on reality entertainment and digital content as linear viewership sharply declined. Advertising revenue for its music channels continued to fall, and the rise of on-demand audio and video platforms undermined the purpose of 24-hour scheduled music rotation. Industry reports note that this global shutdown represents the end of linear music TV as a mainstream format, closing the chapter on a broadcast model that shaped generations. With this transition, MTV’s global presence will now center on entertainment properties and digital platforms, further accelerating its evolution into a streaming-first brand. The shutdown not only concludes a significant era for the network but also symbolizes the broader transformation of the media and music landscapes worldwide.

Business

Warner Bros Discovery Shares Surge Amid Paramount Skydance Buyout Rumors

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Written by Intern Queeny George M.H , Team Allycaral

Shares in Warner Bros Discovery surged by 29% on Thursday, and Paramount Skydance jumped 16%, following reports that Paramount Skydance is preparing a full takeover offer for the rival studio. The potential deal, which could dramatically reshape the U.S. media landscape, would include Warner Bros Discovery’s key assets — news network CNN, premium cable channel HBO, and the film studio behind global franchises such as Barbie and Harry Potter.

The Wall Street Journal reported that although a formal bid has not yet been submitted, discussions are underway and could fall apart. The move would be one of the largest consolidation plays in the media industry’s recent history, which has already been reshaped by the streaming revolution and a flurry of mergers and acquisitions. The industry is also facing increased political scrutiny, particularly from President Donald Trump’s administration.

Warner Bros Discovery declined to comment on the potential bid, and Paramount Skydance did not respond to requests for comment.

David Ellison, head of Skydance and son of tech billionaire Larry Ellison, is at the center of the reported deal. A Hollywood producer with credits including Top Gun: Maverick and World War Z, Ellison is also said to be closing in on a deal to buy The Free Press, a digital outlet co-founded by journalist Bari Weiss.

His father, Larry Ellison, a known Trump ally, briefly overtook Elon Musk this week to become the world’s richest person with a net worth of over $380 billion, according to the Bloomberg Billionaires Index. Earlier this year, Trump had publicly floated Ellison as a possible buyer of TikTok.

The deal adds a complex political layer, as Paramount has recently faced backlash over a $16 million settlement related to a legal battle with Trump over an interview with Kamala Harris. The settlement included no admission of wrongdoing but has drawn criticism from Democrats, who have labeled it a “bribe” and requested documentation from the company.

Paramount earlier this year announced it would be splitting its business to separate its streaming services from traditional cable offerings, potentially laying the groundwork for a major structural shift — and a possible acquisition. If the reported bid materializes, it would catapult Ellison’s role in Hollywood and U.S. politics to the next level, signaling a bold new era in the ongoing battle for media dominance.