# SkyShowtime strategic review by Comcast and Paramount > Live situation record from CLSTR: https://clstr.news/situations/skyshowtime-strategic-review-by-comcast-and-paramount > Updated: 2026-09-14T16:13:15.000Z. Sources: 23. Developments: 2. Comcast and Paramount Skydance have launched a strategic review of SkyShowtime, their European streaming joint venture. The review, communicated via a board letter to CEO Monty Sarhan, includes the possibility of shutting down or selling the service due to an increasingly competitive and demanding market landscape. Launched in late 2022, SkyShowtime operates in approximately 22 European markets, serving several million subscribers by aggregating content from NBCUniversal, Paramount, Sky Studios, and other major studios. The platform serves regions where Peacock and Paramount+ are not directly available. While the service will continue to operate normally during the review, shareholders are evaluating all strategic options, with a final resolution not expected until 2027. This process occurs amid broader industry shifts and restructuring within the parent companies. ## Timeline ### 2026-09-14: Netflix and Paramount end Skydance Animation distribution deal Netflix and Paramount are ending their animated film partnership. While ‘Ray Gunn’ and an untitled Jack and the Beanstalk project will still debut on Netflix, Skydance Animation will pivot to theatrical. 14 sources. https://clstr.news/cluster/netflix-and-paramount-end-skydance-animation-partnership ### 2026-09-14: SkyShowtime owners Comcast and Paramount review service future Owners Comcast and Paramount Skydance are conducting a strategic review of the SkyShowtime streaming service, considering options that include a potential shutdown or sale of the European platform. 12 sources. https://clstr.news/cluster/comcast-and-paramount-review-future-of-skyshowtime-streaming-venture --- Cite as: SkyShowtime strategic review by Comcast and Paramount. CLSTR, https://clstr.news/situations/skyshowtime-strategic-review-by-comcast-and-paramount