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Tanner Adell, Tiera Kennedy, Reyna Roberts and Brittney Spencer Rick Kern/Getty Photographs for CMT
Paramount has pressed pause on a number of main occasions, together with the 2025 Nation Music Tv (CMT) Awards.
This variation got here as Paramount World anticipates a forthcoming merger with Skydance Media. Per The Hollywood Reporter, a number of upcoming occasions for 2025 have been postponed, together with the MTV Europe Music Awards (EMAs), the CMT Music Awards, Nickelodeon Children’ Selection Awards Mexico and the MTV MIAW Awards, previously often known as the MTV Millennial Awards, an annual program celebrating Latin American music.
Plans to postpone these occasions had been outlined in a memo from Paramount president Bruce Gillmer, in keeping with THR. The pause won’t have an effect on the VMAs or the Children’ Selection Awards within the US and it was not made clear when the paused occasions would resume.
“We’re pausing a couple of occasions for 2025, as we glance to reimagine and optimize our occasions slate going ahead,” Gillmer’s memo learn. “Our world-class occasions stay a key element of Paramount’s music providing as we proceed to lift the bar in delivering iconic, unforgettable performances and moments that drive popular culture. We’ve the most effective group within the enterprise, and we’re grateful on your exhausting work and dedication in bringing these occasions to life.”
In April 2024, the CMT Awards had been held at Moody Middle in Austin, Texas, hosted by Kelsea Ballerini. In August that very same 12 months, Paramount revealed its plan to chop 15 p.c of the corporate’s workforce in the US in an effort to avoid wasting $500 million, per Selection. This plan was adopted by three phases of layoffs, the departure of a number of high-ranking executives and the closing of Paramount TV Studios.
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Jelly Roll, Lainey Wilson, and Trisha Yearwood. Kevin Mazur/Getty Photographs for CMT
Paramount’s merger with SkyDance was introduced in July 2024, per AP Information.
“Given the adjustments within the trade, we need to fortify Paramount for the longer term whereas making certain that content material stays king,” Shari Redstone, a controlling shareholder and chair of Paramount World, stated on the time of the $8 billion deal.
Information of Paramount’s awards present cancellations comes amid a number of authorized standoffs for the corporate. One includes buyers who’ve filed a grievance towards Paramount in Delaware Chancery Courtroom, alleging that the deal is overly favorable to Redstone, in keeping with a report from THR.
Moreover, as a result of it owns CBS, Paramount World’s merger with SkyDance should get approval from the Federal Communications Fee (FCC), as President Trump-elected FCC chairman Brandon Carr is investigating allegations that CBS’s 60 Minutes used “important and intentional information distortion” in an interview with Kamala Harris. Trump filed a $10 billion lawsuit towards CBS over the section final 12 months.