CBS and Paramount split streaming slate clarified

An editorial look at how two Paramount units divide streaming and broadcast ambitions after the Skydance merger.

How CBS Studios & Paramount TV Studios Are Splitting Streaming Series

CBS Studios and Paramount TV Studios have agreed to divide overlapping series and development projects after the Skydance merger, with distinct paths for broadcast and streaming. On day one of the new arrangement, CBS Studios will mainly supply content for the CBS network while keeping a route to streaming on Paramount Plus and other outlets. Its slate includes long running franchises such as NCIS and Fire Country, along with titles like Matlock and Ghosts, and it will continue with international co productions. Sports and daytime programs also stay with the CBS side.

Paramount TV Studios will focus on streaming for Paramount Plus and outside platforms, carrying Skydance Television and Showtime MTVE assets and a portion of the former PTVS slate. Shows like Reacher and Cross move under its umbrella, while some CBS attached titles will stay on CBS Studios. The split aims to reduce overlap and create clear ownership of major IP, but it also raises questions about cross studio collaboration, talent deals, and how budgeting will work across two linked but separate units. The arrangement hints at a streaming first strategy while preserving a strong broadcast identity for CBS, a pattern that could shape how fans access shows and how executives allocate resources in a crowded market.

Highlights

The next few quarters will reveal how well two studios can cooperate without losing speed or creative momentum.