MTV and CMT will put some of their major awards shows on ice this year as parent company Paramount Global prepares for a major corporate merger, according to The Hollywood Reporter. Affected shows include the MTV Europe Music Awards (EMAs) and the CMT Music Awards,

Paramount has paused the CMT Music Awards, the MTV EMAs and more 2025 events, according to a memo from the company's Bruce Gillmer.

CMT is among the Paramount divisions hit with extensive layoffs in 2024. Meanwhile, cable networks like Nickelodeon and MTV are reportedly not priorities for Skydance. Amid the company’s competitors shedding or restructuring cable networks, it’s possible those brands will be dropped from the Paramount portfolio altogether.

"We look to reimagine and optimize our events slate going forward," reads a staff memo obtained by THR. "Our world-class events remain a key component of Paramount's music offering."

CMT Music Awards have been canceled, leaving fans shocked. Now, they’re wondering why Paramount pulled the plug on one of country music’s big events.

A memo obtained by Hollywood Reporter said with company merger Paramount would "reimagine and optimize [their] events slate going forward."

This year's CMT Awards have been put on pause in the midst of parent company Paramount's upcoming merge with David Ellison’s Skydance Media.