\n<\/p>\n
\n\tWith Skydance set to close on its takeover of Paramount Global later this week, and with incoming CEO David Ellison having named his senior leadership team this morning, Paramount streaming chief Tom Ryan will be among the executives departing.<\/p>\n
\n\tRyan informed his staff Monday that he will exit the company in connection with the deal, though he will continue as an advisor to incoming direct-to-consumer chief Cindy Holland to help ensure a smooth transition.<\/p>\n
\n\tRyan was the founder of Pluto TV, the free ad-supported streaming service, which sold to Paramount predecessor Viacom in 2019 in a $340 million deal. Pluto was an innovator in the FAST space, building a business that most companies are now in and exploring.<\/p>\n
\n\tRyan stayed with the company, and has been leading Paramount\u2019s streaming business, inclusive of both Pluto and Paramount+.<\/p>\n
\n\tYou can read Ryan\u2019s note, below.<\/p>\n
\n\tTeam,<\/em><\/p>\n \n\tAfter twelve phenomenal years entertaining the planet together, the time has come for me to say goodbye. I leave with deep gratitude and pride for a team I love and admire, and for Pluto TV and Paramount+, streaming services that started as bold ideas and have since grown into global powerhouses.<\/em><\/p>\n \n\tThis has been the journey of a lifetime. From the early days of Pluto TV \u2014 born out of a tiny West Hollywood warehouse (that is now, in true LA fashion, a cannabis dispensary) \u2014 to the incredible launch and scale of Paramount+, this ride has been nothing short of extraordinary.<\/em><\/p>\n \n\tWhen we introduced Pluto TV, we were criticized for betting on a free, linear, ad-supported streaming model, when the world was focused only on paid, on-demand, ad-free services. Launching on April Fool\u2019s Day admittedly didn\u2019t help. But we embraced an underdog spirit, remained steadfast and proved the skeptics wrong when the service was acquired by Viacom just five years later and became sustainably profitable the year following.<\/em><\/p>\n \n\tTogether, we helped pioneer FAST before it had a name. We transformed Pluto TV into a billion-dollar business with over 80 million users. We came together to launch Paramount+ into a crowded market and, against all odds, made it the fastest-growing SVOD in the U.S and one of the top four SVOD platforms worldwide. We scaled to 78 million subscribers, hit profitability milestones ahead of schedule and faster than our peers, and just drove Paramount Streaming to a $2.2 billion quarter. This is remarkable growth compared to $1.8 billion for the entire yearwhen we launched the division less than 5 years ago.\u00a0Even more impressively, our division also generated $157 million in quarterly profit and achieved global profitability for the first half of 2025. But more than the numbers, we built something that mattered\u2014with heart, hustle, and a whole lot of grit.<\/em><\/p>\n \n\tWhat I\u2019ll miss most, though, is you \u2014 the people, the team, and the culture we created. Through every challenge, especially the more recent ones, you showed up with courage, creativity, and an unshakable sense of purpose. You\u2019ve inspired me every single day and I\u2019m a better leader for it.<\/em><\/p>\n \n\tIt has been the honor and privilege of my career to lead and work alongside this exceptional team. Thank you for the laughs, the late nights, the karaoke sessions, the bold ideas, and the unwavering belief in what we could do together. While I\u2019ll be stepping away from my day-to-day role following the close of the deal, I\u2019ll be staying on in an advisory capacity to Cindy Holland and the Streaming leadership team to help ensure a smooth and successful transition. I have no doubt that you\u2019ll continue to achieve spectacular things, and I\u2019ll be cheering you on every step of the way.<\/em><\/p>\n \n\tTom<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" With Skydance set to close on its takeover of Paramount Global later this week, and with incoming CEO David Ellison having named his senior leadership team this morning, Paramount streaming chief Tom Ryan will be among the executives departing. Ryan informed his staff Monday that he will exit the company in connection with the deal,<\/p>\n","protected":false},"author":1,"featured_media":13979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54],"tags":[696,609,438,4849,7636,3225,4695,2286],"class_list":{"0":"post-13978","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entertainment","8":"tag-deal","9":"tag-founder","10":"tag-leaving","11":"tag-paramount","12":"tag-pluto","13":"tag-ryan","14":"tag-skydance","15":"tag-tom"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/13978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13978"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/13978\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/13979"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}