Bell Media previously commissioned both a French and English-language version of The Traitors in Canada.
There are no layoffs associated with the move.
The Toronto International Film Festival said they are committed to showing the film when it is safe to do so.
The longtime executive has been promoted to EVP, global channels and streaming.
The studio is currently developing film, TV and short-form projects from Canadian creators and producers.
Paramount Global has a notable presence in Canada’s streaming landscape with Paramount+ and Pluto TV.
The festival board is scaling back from fourteen members to three alongside interim executive director, Janice Dawe.
Corus Entertainment CEO Doug Murphy is exiting after 21 years with the company.
The documentary festival said the government “has picked winners and losers” in the cultural sector following the 2024 budget release.
MIP London will run concurrently with the next edition of the London TV Screenings, from Feb. 24 to 27.
UPDATED: The exodus comes the day before the documentary festival is set to announce the programming for its 31st edition.