- Brad Grey, chairman and CEO at Paramount Pictures (VIA -0.9%, VIAB -1.4%), has a contract extension that will keep him there for five more years, Variety reports.
- Grey's been there for a decade. His new challenge is to build up a production slate that is the smallest among major studios (10 titles this year). Losing distribution deals with Marvel Studios, DreamWorks Animation and Plan B (Brad Pitt) did its part in reducing the schedule.
- Aside from smaller grosses, profits have been in decline for a few years as well. Grey wants to boost the slate and focus on franchises like Mission Impossible, Star Trek, Transformers and SpongeBob Squarepants.
- Previously: Viacom dive accelerates, down more than 17%; Paramount boosting slate (Aug. 06 2015)
- Previously: Bart: Paramount needs to make more films, now (Apr. 02 2015)