Jim Gianopulos

Paramount’s Jim Gianopulos on Why Profitability Is Only the First Step to Rebuild the Studio

“Being worthwhile is an effective factor; being worthwhile on the stage we needs to be is the following step,” Paramount Footage chief Jim Gianopulos says

Jim Gianopulos has not had a very straightforward job since taking up as CEO of Paramount Footage in 2017 — one yr after the once-iconic studio had misplaced greater than $450 million.

“Trying again that was about as darkish because it will get, notably for a serious studio,” Gianopulos stated Wednesday at Financial institution of America Merrill Lynch’s annual media and leisure convention. “We’ve simply, mainly for the primary yr in now 4, been capable of make a revenue. Being worthwhile is an effective factor; being worthwhile on the stage we needs to be is the following step.”

How does Gianopulos attain that subsequent step? Nicely, a dive into the studio’s current field workplace successes and its coming slate of movies offers a glimpse at that reply.

The Paramount rebounding narrative actually took maintain final yr with field workplace hits resembling “Mission: Unimaginable — Fallout” ($791.1 million) and “A Quiet Place” ($340.9 million). And Paramount launched 10 movies, with field workplace contribution from two 2017 holdovers.

That’s been a shift within the studio’s technique and an essential one to assist it succeed, in keeping with Gianopulos.…

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