- Paramount Pictures says it will eliminate 5% of its workforce in a new round of job cuts.
- The studio had a solid summer with Star Trek Into Darkness and World War Z beating expectations at the box office, but faces a sticky situation with Martin Scorcese wanting to delay the debut of The Wolf of Wall Street right in front of the holiday season and deadline to qualify for major awards.
- The Viacom (NASDAQ:VIAB)-owned company says it's undergoing an organizational realignment.