02:41 PM EDT, 06/25/2024 (MT Newswires) -- Paramount Global ( PARAA ) is discussing potential international partnerships for its streaming television business and a deal could "significantly transform" the service, Bloomberg reported Tuesday, citing Co-Chief Executive Chris McCarthy.

A tie-up could transform the scale of the service, make it profitable, drive long-term value and potentially serve as a model for its approach with Paramount+ in the US, Bloomberg quoted McCarthy as saying at employees' town hall.

Paramount has hired investment bankers for the sale of certain assets and funds raised from the sale will be used to reduce debt, the report added, quoting Co-Chief Executive George Cheeks.

Paramount did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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