According to Deadline, Paramount Studios plans to expand its television output. This announcement comes after David Ellison, CEO of Skydance Media, acquired the film and TV company. The two companies, CBS Studios and Paramount TV Studios, plan to grow, produce, and distribute TV titles for all streaming services.

Deadline reports Ellison wrote a letter to shareholders stating, “We anticipate a significant expansion of our total television output over the coming years, encompassing titles to be distributed both on our own platform and licensed to third parties.”

Currently, CBS Studios is behind network series such as Matlock and three franchises: NCIS, FBI, and Fire Country, according to Deadline. They are also producing the Little House on the Prairie remake at Netflix and Murderbot at Apple TV. Heading up the studio’s streaming division is Matt Thunell. Thunell came from Skydance Television and Showtime/MTV Entertainment Studios.

This new plan arrives after the departure of Paramount’s golden creator, Taylor Sheridan (Yellowstone, Landman), who opted to strike a new deal with NBCUniversal. Deadline reports Ellison reassured shareholders that Sheridan will remain in the mix as he’s writing their upcoming Call of Duty film. The company also has its current multi-year deal with South Park creators Matt Stone (South Park: The 25th Anniversary Concert, The Book Of Mormon) and Trey Parker (South Park (Not Suitable for Children), South Park: Joining the Panderverse), and its new deal with Stranger Things’s scribes, the Duffer Brothers (Hello, Duffer Brothers, The Duffer Brothers’ Writing Approach).

Deadline notes that Ellison said CBS is a “flashship asset” for Paramount, and streaming is a “top priority” with goals to increase spending at the streaming platform. In 2026, Paramount expects an excess of $1.5 billion with the addition of UFC events, more film production, and other third-party licensing.

As Ellison sets the tone, the company recently experienced massive layoffs and a major leadership shakeup at CBS News, with Bari Weiss taking over as editor-in-chief. The former leader of The Free Press is believed to be more conservative leaning, which aligns with the CEO and his relationship with the Trump administration.