The new Paramount chapter will be given the right to approve a movie no more than $ 100 million
Viacom is finalizing the approval process for the new head of Paramount Pictures, Jim Gianopoulos. According to The Hollywood Reporter, the parties agreed on the latest controversial clauses of the contract defining the powers and responsibilities of the new leader. In particular, Gianopoulos will have the right to single-handedly decide the fate of movie projects worth up to $ 100 million. If their budget exceeds the specified limit, the intervention of some kind of oversight committee will be required. The new head of Paramount Pictures also won the right to independently choose his deputy. Note that the negotiations with Jim Gianopoulos were also held by representatives of Sony Pictures Entertainment, which also lost its head, but the former head of FOX still preferred the offer from Paramount Pictures. The studio is going through hard times. It has lost a number of positions and at the time of this writing was only the sixth place in the American movie market. Earlier, the management of parent company Viacom announced a large-scale reorganization and optimization program, under which it was supposed to focus all resources on the development of six main divisions: BET, Comedy Central, MTV, Nickelodeon, Nick Jr., Paramount. The Topic of Article: The new Paramount chapter will be given the right to approve a movie no more than $ 100 million. |
