The drumbeat of departures from Paramount Global is continuing, with high-level streaming exec Jeff Shultz heading for the exits.
Shultz, whose most recent title was Chief Strategy Officer and Chief Business Development Officer, Streaming, was one of the initial architects of Pluto TV‘s success. Pluto, founded in 2014 as a trailblazer in free, ad-supported television (FAST), was acquired by Viacom for $340 million in 2019. It went on to become a billion-dollar revenue generator after the merger of Viacom and CBS.
Shultz, who later shepherded the rebrand/launch of Paramount+, confirmed his exit in a LinkedIn post, sharing it with what he called “mixed emotions.”
Ray Hopkins, President of U.S. Networks Distribution at Paramount. Paramount, is expected to add Shultz’s duties to his portfolio.
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Shultz, who had held exec roles at CBS, became Pluto’s Chief Business Officer in 2017.
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