"The strong launch and early months of Paramount+ have demonstrated the power and potential of our platform, as well as audiences' appetite for a broad and diverse array of content, all in one place," Bob Bakish, president and CEO of ViacomCBS, said in a statement. "The moves we are making today will accelerate that mission by putting ViacomCBS' most powerful assets – world-class content, iconic brands, global infrastructure and expertise, and the best talent in the business today – behind our platforms as we pursue the global opportunity in streaming. Together, our leaders will ensure that we're delivering to audiences the very best our streaming platforms have to offer, with must-watch content across every genre and market we operate in."