Paramount Global is temporarily suspending several major entertainment events in 2025 as part of its strategic restructuring during the pending Skydance Media merger. The affected events include:

• CMT Music Awards
• MTV Europe Music Awards (EMAs)
• Nickelodeon Kids' Choice Awards Mexico
• MTV MIAWs (formerly MTV Millennial Awards)

Bruce Gillmer, Paramount's president of music, music talent, programming and events, announced these changes through an internal memo, emphasizing that the pause is temporary while the company "reimagines and optimizes" its events portfolio.

The announcement comes amid broader changes at Paramount, including:

• A planned merger with Skydance Media expected to close in first half of 2025
• Recent 15% workforce reduction in the US
• Closure of Paramount TV Studios
• Restructuring of CBS News operations

Despite these changes, Paramount maintains that events remain a crucial part of their music strategy, with the company committed to delivering "iconic, unforgettable performances and moments that drive pop culture."

These adjustments are part of Paramount's larger cost-saving initiative, which aims to save approximately $500 million through various restructuring efforts.

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