Paramount creates home-media unit as part of restructuring

09/28/2011 | Bloomberg Businessweek · TheWrap.com

Paramount Pictures has commenced a sweeping reorganization effort that will merge its digital entertainment and licensing businesses in a new Home Media Distribution unit. The move, which follows a similar restructuring by Paramount parent Viacom, is widely seen as a response to the increasing popularity of streaming media and the gradual obsolescence of digital-entertainment divisions.

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Bloomberg Businessweek · TheWrap.com

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