Paramount Television Studios

Paramount Television Studios, formerly the second incarnation of Paramount Television, was the television arm of American film studio Paramount Pictures, a division of Paramount Global, founded on March 4, 2013, by its predecessor, Viacom, following an emerging vigorous business with the technological expansion of television via streaming services. Paramount also recognized that television could give them little to fall back on when films fail, except for studio stage rentals.

It was the revival and successor to Paramount's original television division, which rebranded as CBS Paramount Television and was kept by CBS Corporation, the new name for the original Viacom, on December 31, 2005 – on that same day, the second Viacom took ownership of Paramount Pictures. After the expiration of a 3-year licensing agreement between the split companies for the "Paramount" trademarks, CBS Paramount Television was rebranded to CBS Television Studios on May 17, 2009 and then currently CBS Studios on October 8, 2020. On January 14, 2020, following the closed merger of the second Viacom and CBS Corporation to form ViacomCBS (which changed name to the current Paramount Global on February 17, 2022), the revived Paramount Television was rebranded as Paramount Television Studios.

On August 13, 2024, following much of its staff being laid off in a series of cutbacks at Paramount Global, it was announced that the division would be shutting down by the end of that week, with any ongoing and development projects shifting to sister company CBS Studios. Provided by Wikipedia