Paramount's Jim Gianopulos explains why profitability is only the first step in rebuilding the studio

by



[ad_1]

"Being profitable is a good thing. to be profitable at the level we should be is the next step, "says Jim Gianopulos, Paramount Pictures Manager

Jim Gianopulos has not had a particularly easy job since taking office as CEO of Paramount Pictures in 2017 – a year after the over $ 450 million loss of the once-iconic studio.

"The pullback was about as dark as possible, especially for a big studio," Gianopulos said Wednesday at Bank of America Merrill Lynch's annual media and entertainment conference. "For the first year in four years now, we have come first and foremost to make a profit. Being profitable is a good thing. to be profitable at the level we should be is the next step. "

How does Gianopulos get to the next stage? Well, a dive into the box office's recent box office successes and its list of upcoming movies gives an insight into this response.

Read also: Paramount Pictures CEO Jim Gianopulos Signs New Multi-Year Agreement

The rebounding narrative of Paramount came true last year with box-office successes such as "Mission: Impossible – Fallout" ($ 791.1 million) and "A Quiet Place" ($ 340.9 million). dollars). And Paramount has released 10 films, with the box office contribution of two reports from 2017.

It's a change of strategy for the studio and an important element to help him succeed, according to Gianopulos.

Oops! This is for WrapPRO members only, please register or login to view it.

Oops! This is a message reserved for members! Become a member to access!

Join WrapPRO for exclusive content, full video access, premium events and more!

For only $ 1 / day members access:

Deep coverage

  • 5 exclusive stories for members per week
  • Analysis of the digital video industry and deep diving features
  • WrapPRO daily newsletter covering the latest news from the digital video industry
Exclusive video

  • Access to full video archives for members only
  • Video of notable sessions taken from TheWrap events (TheGrill, Power Women Summit)
VIP access

  • VIP seats for TheWrap Screening series with stars and filmmakers
  • Access to relaxing sites at selected events in the industry such as Sundance, TIFF, Newfronts and more
  • Access to exclusive invitation-only events
Resources

  • DataBank presents key statistics and video trends in the OTT market
  • Extensive research on the entertainment industry and white papers

[ad_2]

Source link