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Alberto Arellano

Failed Attempt By Former Paramount Executives To Purchase Showtime Amid Fold Into Paramount+

Paramount Showtime Paramount Global David Nevins Bob Bakish Naveen Chopra Wall Street Journal
In this photo illustration, a hand holding a TV remote control in front of the Paramount Plus logo on a TV screen. Showtime had been folded into the Paramount+ premium package that is priced at $11.99 per month. RAPHAEL HENRIQUE/GETTY IMAGES

Former Paramount executive, David Nevins, was turned by his former employer in an offer to Showtime at $3B in recent weeks, according to people familiar with the deal.

Then-Showtime President of Entertainment David Nevins arrives at the “From The Sky Down” premiere at Roy Thomson Hall during the 2011 Toronto International Film Festival on September 8, 2011, in Toronto, Canada. Nevins failed to purchase Showtime amid the backing of a private-equity firm from Paramount Global.
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