HBO chief Casey Bloys is poised to take the reins of all of Paramount and Warner Bros. streaming operations following the Paramount-Warner Bros. Discovery merger. On Tuesday, Cindy Holland announced she was stepping down from her role running Paramount+ and other direct to consumer streamers under the Paramount umbrella.

The shuffle comes as Paramount Skydance is days away from closing its hard-fought $110 billion acquisition of Warner Bros. Discovery.

Holland confirmed her departure in a memo to staff sent Tuesday afternoon. Here is the full memo:

When I joined Davidā€™s team in January 2025, we proceeded to set three goals: i) advise on the Warner Bros. Discovery acquisition, ii) integrate and transform Paramount+ & revive Pluto TV, and iii) build an unparalleled team in this industry. In just over 12 months, Iā€™m proud to say we accomplished all three and itā€™s been a joy to work closely with all of you.

As David readies for the next phase of his vision, weā€™ve discussed my role and the future of the combined businesses. David is optimizing for HBO stability as we move into this next chapter, and I fully support that. I know this team has the leadership and expertise to manage through the transition and the next phase of the company, and to this end today will mark my last day here.

I joined Paramount because I believe in these businesses, and because I believe wholeheartedly that the combination of Paramount and Warner Bros. Discovery serves the best interests of artists and audiences worldwide. Iā€™m looking forward to seeing what you all accomplish together in this next, momentous chapter.