According to The Wall Street Journal, Paramount Global may sell off a majority stake in Noggin, an educational streaming service aimed at young children.
Paramount apparently hopes to focus its content and attention on its Paramount+ and Pluto TV platforms.
- A
lot of Noggin's current programming line-up, including shows like "PAW
Patrol" and "Peppa Pig," originated on Nickelodeon, the Paramount-owned
cable network.
- Much of this content currently streams on both Noggin and Paramount+.
- According to WSJ, Paramount hopes to work with a new investor on converting Noggin into an interactive learning platform.
- Paramount is also considering a partial sale of the BET Media Group, which includes the BET and VH1 cable networks.
