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4 years ago|2 views

Last summer, as Paramount experienced bombs like the movie “Ben-Hur,” a coproduction with Metro-Goldwyn-Mayer

RisingWorld
Last summer, as Paramount experienced bombs like the movie “Ben-Hur,” a coproduction with Metro-Goldwyn-Mayer
that cost at least $150 million to make and market, and collected $26.4 million at domestic theaters, one prominent analyst called Paramount’s performance “truly shocking.”
That was Michael Nathanson, a senior analyst at MoffettNathanson, who added in a research note at
the time, “Short of firing the entire Paramount leadership team, there is little a new C. E.O.
Is Said to Be Negotiating His Exit -
LOS ANGELES — One of Hollywood’s longest-serving studio chiefs, Brad Grey, is negotiating his departure from Paramount Pictures,
which has struggled at the box office after a period of severe underinvestment by Viacom, its troubled corporate owner.
The discussions, according to a person briefed on the matter who was not authorized to speak publicly about the private talks, began earlier
this week between Mr. Grey, who has been Paramount’s chief executive since 2005, and Robert M. Bakish, Viacom’s new chief executive.
Mr. Bakish, who was flying to Los Angeles from New York on Friday, has been slashing
and burning through the Viacom ranks as he seeks to return the entertainment conglomerate to growth — or at least stop its steep slide.
could do quickly to improve its film pipeline.”
But Viacom, then contending with the ouster of Philippe Dauman as its chief executive
and considering a since-aborted tie-up with its corporate sibling, CBS, stopped the speculation about Mr. Grey’s job.