Paramount TV Studios is closing its doors amid a major shake-up in Hollywood! The iconic studio, known for hits like Reacher and Interview With the Vampire, will move all its projects under CBS Studios as part of Paramount Global's massive restructuring. This move comes after the company announced significant layoffs, impacting 15% of its U.S. workforce. As the entertainment industry faces rapid changes, this decision marks the end of an era for one of TV's most beloved studios.

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