Paramount+ Appoints Chris Parnell as EVP of Originals

has expertise that could help integrate Skydance’s production strengths with Paramount+’s streaming goals, potentially accelerating the development of high-profile series.
Apple TV+ has faced challenges and competitive pressures, with Parnell’s exit coming after other high-profile departures, including a Meta poaching earlier this year. This talent drain raises questions about Apple’s ability to maintain its premium content edge, especially as it promotes upcoming releases like the Owen Wilson-led comedy “Stick.”
There have been discussions in the past about bundling options between Apple TV+ and Paramount+, though no deal materialized. Industry buzz around Parnell’s move as a coup for Paramount continues to generate interest, highlighting the intense competition and talent wars in the streaming industry.
For Paramount, hiring Parnell reflects its strategy to invest in originals post-merger, even with executive pay disclosures and workforce reductions. Analysts predict increased competition as Paramount aims to close the gap on Apple’s market position.
Parnell’s transition may influence upcoming projects at both Apple and Paramount, with Apple focused on expanding its slate and Paramount expected to prioritize diverse genres. This move underscores the ever-evolving landscape of executive talent in streaming and the role it plays in subscriber battles.
Ultimately, as Paramount integrates Skydance’s resources, Parnell’s role could bring about a resurgence for the streaming service, while Apple works to sustain its momentum in a competitive field.