Former Paramount co-CEO Chris McCarthy has secured a new role at NBCUniversal, collaborating with familiar faces. McCarthy is in discussions for a deal to produce upcoming series by ‘Yellowstone’ creator Taylor Sheridan and provide guidance on the new partnership between Sheridan, David Glasser’s 101 Studios, and NBCU. This move follows Sheridan’s transition from Paramount to NBCU, as reported by sources familiar with the matter.

McCarthy, who previously led Showtime MTV Entertainment Studios and Paramount Media Networks, has a longstanding working relationship with Sheridan, particularly during their time at Paramount. According to Bloomberg’s initial report, although Sheridan is restricted from creating TV shows for NBCUniversal until 2029 under his current Paramount deal, McCarthy and 101 Studios, under David Glasser’s leadership, will commence production next year to introduce Sheridan’s content to NBC and Peacock audiences.

Representatives for NBCUniversal and 101 Studios have not yet commented on the news. McCarthy departed Paramount earlier this year before the company’s acquisition by Skydance. During his tenure, McCarthy served as the head of Showtime MTV Entertainment Studios and Paramount Media Networks, as well as co-CEO of Paramount Global. This role was assumed in April 2024 alongside George Cheeks, president and CEO of CBS, and Brian Robbins, president and CEO of Paramount Pictures and Nickelodeon, following the removal of former CEO Bob Bakish. Cheeks continues to lead CBS post-Skydance merger, while Robbins has left the organization. The rebranded Paramount Skydance Corp. is now under the leadership of Skydance owner David Ellison as CEO and former NBCU CEO Jeff Shell as president.

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