Comcast and Paramount Skydance have launched a strategic review of the European streaming joint venture, with a potential wind-down among the options under consideration.
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| SkyShowtime |
Comcast and Paramount Skydance are reviewing the future of SkyShowtime, including the possibility of shutting down the European streaming platform, according to an internal memo sent to employees on Monday 14th September 2026. The board informed Chief Executive Officer (CEO) Monty Sarhan that shareholders had initiated a “review of strategic options” for the business, citing the increasingly competitive and challenging streaming market. No decision has been made and all options remain under consideration, including a potential wind-down.
Launched in 2022, SkyShowtime operates across 22 European markets, combining programming from NBCUniversal, Sky Studios and Paramount. The service currently has several million subscribers and has established a presence in markets including Spain, Portugal, Denmark and Sweden.
The review comes as both parent companies reassess their streaming strategies and the broader media sector continues to consolidate. Paramount Skydance is also pursuing a potential acquisition of Warner Bros. Discovery, adding further complexity to the group’s long-term portfolio decisions.
In a memo to staff, Sarhan acknowledged the uncertainty created by the review, while stressing that the platform remains fully operational. The board similarly confirmed that the service will continue operating as normal for customers and partners, with all roles unchanged for now. The company has asked employees to maintain focus on the operating business and continue building momentum into 2027. Any proposal affecting employees will be subject to the required information and consultation processes in the markets where SkyShowtime operates.
For now, the review leaves the future structure of one of Europe’s most significant streaming joint ventures open, as its shareholders evaluate the strategic value of maintaining the standalone platform.
Original source: Señal News.
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