SkyShowtime May Be Sold or Shut Down, Board Warns in Memo Shared With Staff (Exclusive) SkyShowtime, a joint venture between Comcast and Paramount that combines content from NBCUniversal and Sky Studios with Paramount, is facing an uncertain future.
The service's board has warned employees that shutting down the business is one of the options being considered as part of a review of strategic options.
This development is not surprising given the struggles faced by streaming services in recent years. The market, once seen as a surefire winner for media giants, has proven to be challenging and unpredictable.