Just hours before David Ellison and the new regime at Paramount formally takes over, Shari Redstone had a final message today for staff at the media company her father, Sumner Redstone, took over nearly 30 years ago. Read Shari Redstone’s full exit memo here, courtesy of Deadline:
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| Shari Redstone | DREW ANGERER/GETTY IMAGES |
Dear All,When we announced our transaction with Skydance Media, I shared my confidence that Skydance had the vision and resources to successfully drive Paramount Global forward in a fast-changing environment. Not only do I remain assured that Paramount will benefit from this combination, but my conviction is even greater given the progress made in strengthening the Company over the past year.No question, we would not be where we are today were it not for your enormous talent, dedication, and accomplishments. Under the leadership of George Cheeks, Chris McCarthy, and Brian Robbins, who took on both the exciting and difficult decisions that come with being chief executives, every person at this Company has contributed to delivering impressive performance in spite of the tough industry environment.To celebrate just a few “wins,” after being one of the last to launch in 2021, Paramount+ is one of the top four global SVODs. This reflects what has always set this Company apart – exceptional content. While others certainly offer substantial amounts of programming, Paramount+’s growth speaks to the unparalleled impact of quality in driving viewership across genres. This ability to deliver hit content is also the reason CBS has been the #1 broadcast network for 17 years in a row, and in cable, the Company has delivered #1s across the board, from reality series to kids shows and everything in between. And as for Paramount Pictures, it has continued to expand its franchise strategy with breakout hits, with more coming this year. My family and I have always loved this Company. While it is not easy to step away, I am very proud of the Company that we have created, the culture upon which it is built, and the collaboration that is at the core of who we are and what we do. It has been an honor and a privilege to work with all of you to bring CBS and Viacom together in order to make Paramount Global a truly special place. I know you will carry that spirit forward into the future and please know that I will be cheering for you every step of the way.All the best,Shari
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