Paramount Pictures sees a change of guard

MUMBAI: Viacom's motion picture company Paramount Pictures will see a change at the top. Veteran Hollywood talent manager who produced of the HBO hit television series The Sopranos Brad Grey will head the company from or before 1 March 2005.

Grey will take over Paramount Motion Picture Group chaireman and CEO. Grey will have ultimate authority on film development and production as well as business operations, worldwide. He replaces Sherry Lansing who had announced last year that she would not continue once her contract expired.

Lansing was responsible in a big way for hits such as Titanic and Braveheart. The trouble now at Paramount is that it has been several years since it had a major hit. Meanwhile rivals Warner and Sony jave scored big with The Lord Of the Rings and Spiderman.

Lansing's stepping down signals the end of an era. When she became Paramount's CEO in 1992 many industry observers felt that she had broken the glass ceiling for women in Hollywood.

Last year Paramount made films like The Stepford Wives that sank like a stone at the box office. Grey has the uneviable task of reinvigorating the studio. On a more positive side a recent Paramount film with Jim Carrey and Meryl Streep Lemony Snicket’s A Series of Unfortunate Events has managed to pull in the bucks.. In addition The SpongeBob SquarePants Movie received a positive response.

Grey will report to Viacom co COO Tom Freston. Freston said, "Brad’s integrity and values are matched by his exceptional vast entertainment experience and common sense. Brad’s smarts, style and instincts have made him a winner time after time over the years. He’s an entrepreneur, a manager, a dealmaker, a hit maker and has that combination of creative business acumen. He’s the ideal leader for the challenges of motion picture business today and tomorrow."

One upcoming film that Paramount is hoping will turn things around is War of the Worlds. This modern retake on the H.G. Wells classic novel reteams Tom Cruise and Steven Spielberg. They had earlier worked on Minority Report. In fact Cruise has postponed plans to make a third installment of Mission Impossible so that he could work with Spielberg.

Latest Reads
US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

The Supreme Court on Friday froze all financial transactions between the BCCI and state cricket associations by directing the apex body not to disburse any funds till it resolves to abide by the Justice RM Lodha panel recommendations on reforms by 3 December . The top court ordered that none of...

Television TV Channels Sports
TVS Tyres is co-presenter for Asian Champions Trophy 2016

Continuing its strong connect with sports, TVS Tyres has associated with Asian Champions Trophy 2016 by becoming the co-presenter. The Asian Champions Trophy is one of the premier hockey tournaments, a much sought after annual international competition promising some great hockey action. This...

Television TV Channels Sports
Q2-17: Zee Learn declares maiden interim dividend

The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter).

Television TV Channels Factual & Documentary
Whether BARC action can stop unethical practices?

Whether businesses and industries practice their art of selling fairly although they have 'Fair Practices' training during the academic courses, workshops and several ISO and other certifications? There seems to be the fear of the lawman, and not the law in India.

Television TV Channels Viewership
TV Superhighway: beIN, Yaddo, AfricaXP have joined us, says Magine CEO Ambuj Goyal

CANNES; Magine has secured partnerships with four of the industry’s most exciting sports, documentary and entertainment content providers. Partnerships with beIN, the international media group and owner of MIRAMAX; Yaddo, the new documentary streaming service headed up by former head of The BBC’s...

Television TV Channels Factual & Documentary
Colors emerges strong on strength of Naagin I & II

MUMBAI: One of the top rated shows Naagin Season 2 helped Colors reach a top-ranking position.

Television TV Channels GECs
Pakistan Broadcasters Association to oppose PEMRA Indian content ban

MUMBAI: The Pakistan Electronic Media Regulatory Authority (PEMRA) shocked both Pakistan and Indian broadcasters when it issued an order blanking out  all Indian content from Pakistan’s television channels on 19 October.

Television TV Channels GECs
Sony Pix to telecast 'Jurassic World' on 22 October

Sony Pix will take the viewers on a thrilling, adventurous journey with cloned dinosaurs in their Billion Dollar Premiere property. The channel plans to air Jurassic World on 22 October at 1 pm and 9 pm.

Television TV Channels English Entertainment
Sony AXN scripts deal with Pinewood; buys stake in SVOD service Hopster

Folks at Sony Pictures Television (SPT) are in a celebratory mood. Not only has it signed a six-series deal with Pinewood Television but has also acquired a minority stake in the London-based video subscription service for kids content - Hopster.

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories