The Influencer Killed The Boxing Star: Showtime Boxing Closes its Doors - A Sad Day for Boxing Fans

Breaking News: Showtime Boxing Closes its Doors - A Sad Day for Boxing Fans

Description: In this video, I discuss the heartbreaking news surrounding Showtime Boxing's closure. Showtime Boxing has been a beloved institution for decades, with dedicated individuals working tirelessly on the shows. However, in a shocking turn of events, Paramount Co has confirmed that both Showtime Sports and Showtime Boxing will cease operations by the end of 2023. This marks CBS's exit from the sport after a long-standing presence. Join me as I break down the latest details and implications of this unfortunate development. Additionally, I delve into the potential impact of influencers like Jake and Logan Paul on the sport of boxing. Don't forget to like, share, and subscribe to Off Topic Show on YouTube for more thought-provoking content.
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Paramount shutting down Showtime Sports at year's end

Paramount is shutting down Showtime Sports, a brand that has been in existence for nearly 38 years. The move, which will happen by the end of the year, will lead to an undetermined number of layoffs, including Showtime Sports President Stephen Espinoza -- who has run Showtime Sports since 2011. When contacted about the move, Paramount Global released the following statement: "As we evolve our strategy to more efficiently allocate resources and align our content offering across the business, we've made the difficult decision not to move forward with boxing and other content produced by the Showtime sports team. Showtime will continue to air and support the remaining 2023 boxing slate and honor obligations through the end of the year." Espinoza also released a statement that read in part, "The company’s decision is not a reflection of the work we have done in recent years, nor of our long and proud history. ... Unfortunately, in a rapidly evolving media marketplace, the company has had to make difficult choices allocating resources, resetting priorities and reshaping its content offering. While today’s news is certainly difficult and disappointing, it is entirely out of our control." As a result of the move, Showtime will be getting out of the boxing category, sources told SBJ. Paramount still owns the MMA company Bellator but has been in the market trying to sell it for months.

CONSOLIDATING RESOURCES: Showtime Sports’ documentaries and digital programming -- including the Showtime Basketball brand -- also will be going away at the end of the year. Part of the reason for the move is that Paramount has a sports division -- CBS Sports -- that produces content for broadcast and cable TV, plus the Paramont+ streaming service. It’s not known what sports -- if any -- Showtime will continue to carry. But starting next year, any sport on Showtime will be produced by CBS Sports. It's likely that CBS Sports will produce documentaries for Showtime over the next several years.

A PIECE OF SPORTS HISTORY: Showtime Sports launched in March 1986 with the Marvin Hagler-John Mugabi fight and quickly became known for its boxing slate. Showtime Sports and HBO Sports battled for decades for the top boxing matches. All told, it carried nearly 2,000 bouts, including Mike Tyson-Evander Holyfield and Floyd Mayweather-Manny Pacquiao. Showtime Sports went beyond boxing, carrying "Inside the NFL" from 2008-2021 and MMA matches from Strikeforce, EliteXC and, of course, Bellator.
https://www.sportsbusinessjournal.com/Articles/2023/10/17/paramount-shutting-down-showtime-sports.aspx?hl=boxing+ourand&sc=0&publicationSource=search

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