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Exclusive: The ongoing changes at Showtime have reached the network’s development slate which has been cut down significantly, with a slew of projects getting a pass, I hear.

There had been a programming slate reevaluation since Chris McCarthy added Showtime to his purview following the exit of longtime CEO David Nevins in October. The process accelerated last month when, following the January announcement that the premium cable network will be integrated into Paramount+ on digital and renamed as Paramount+ with Showtime on linear, it was revealed that Showtime will merge with MTV Entertainment Studios.

McCarthy at the time set new programming leadership for the network, with Nina L. Diaz expanding her role as Chief Creative Officer and President of Content of the combined operation, and Keith Cox named President of Scripted, reporting to her alongside incumbent Showtime EVP Scripted Amy Israel.

The release of a ton of development that...

Updated with memo from MRC leaders: Eldridge and MRC said today that they have completed the separation of combined media assets.

MRC, led by founders and co-CEOs Modi Wiczyk and Asif Satchu, will retain and control its existing operations as the leading independent studio, with three divisions: Film, Television and Non-Fiction. MRC also will retain its stakes in Civic Center Media and T-Street. Read the internal memo from Wiczyk and Satchu below

Eldridge will retain dick clark productions and investments in South by Southwest, A24, Fulwell 73, Sugar 23 and Luminate, as well as the Penske Media Corporation — which includes Deadline, The Hollywood Reporter, Variety, Billboard, Rolling Stone, Vibe, Music Business Worldwide, Life is Beautiful. Eldridge also will remain as a significant minority shareholder in MRC.

“When we combined forces in 2018, we set out to accomplish an ambitious set of objectives. We are immensely proud of our team’s resulting success.