SkyShowtime owners initiate strategic review that could lead to shutdown

The short version

• The board of SkyShowtime informed CEO Monty Sarhan that shareholders have launched a strategic review that includes a potential shutdown.[Variety · The Hollywood Reporter]
• Sarhan shared the letter with staff, confirming that no final decisions have been made and all options remain open.[Variety · The Hollywood Reporter]
• The streaming service continues to operate normally for partners and customers across more than 20 European markets while staff roles remain unchanged.[Variety · The Hollywood Reporter]

Key facts

• The board of SkyShowtime informed CEO Monty Sarhan that its corporate owners have begun a strategic options review that includes a possible wind-down.[Variety · The Hollywood Reporter]
• SkyShowtime CEO Monty Sarhan distributed the board's letter to company staff.[Variety · The Hollywood Reporter]
• SkyShowtime operates across more than 20 European territories, offering programming from Peacock, Paramount+, and Sky.[Variety · The Hollywood Reporter]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• SkyShowtime Could Be Shut Down, Warns Board of Comcast-Paramount Joint VentureVariety metered
• SkyShowtime May Be Sold or Shut Down, Board Warns In Memo Shared With Staff (Exclusive)The Hollywood Reporter metered