Five years ago this week… Amazon added five distinct new offerings to its AWS services, which looked certain to drag more processing cycles away from existing media clients and into the cloud. Launched at the AWS re:Invent show, the new features included MediaTailor, MediaConvert, MediaLive, MediaPackage and MediaStore, which collectively sought to increase security, scalability, processing, personalization and monetization capabilities, and reduce TCO for video services owners. Faultline felt in particular that advances in security would mean that all except the most precious tier 1 players would now be unable to resist the lure of the cloud. — Paramount is the latest in the US media and entertainment ecosystem to exercise workforce cuts at both CBS Studios and Paramount…