×
You will be redirected back to your article in seconds

Paramount Chief Jim Gianopulos Touts Turnaround, Acknowledges Years of Flops

Jim Gianopulos wants theater owners to know that it’s a new day at Paramount. The newly minted studio chairman inherited a company that had been weighed down by flops such as “Teenage Mutant Ninja Turtles: Out of the Shadows,” “Downsizing,” and “Suburbicon.”

“It’s no secret we’ve had some difficult years at the box office,” Gianopulos said at the exhibition industry confab CinemaCon. He then pivoted to a larger argument that in his first months on the job, he’d begun to assemble the creative and business team necessary to turn things around.

“We’re laying the foundation…to deliver to you films for every possible audience for years to come,” he said.

Gianopulos, the former head of 20th Century Fox’s film studio, is also benefiting from some lucky timing. “A Quiet Place,” the low-budget thriller that his predecessor Brad Grey greenlit, has been a box office force, earning $135 million domestically. A sequel is already in the works.

Of course, a studio of the size and scope of Paramount needs more than one franchise in order to remain relevant at a time when Disney, Universal, and Warner Bros. have vacuumed up a lot of compelling comic book series, animated hits, and science-fiction adventures.

Gianopulos predicted that his core group of newly appointed executives will be able to restock Paramount’s cupboards. He’s tapped former Awesomeness TV CEO Brian Robbins to run a new division, producing films derived from the Viacom brands such as Nickelodeon, MTV, BET, and Comedy Central.

Gianopulos said the films from this unit “give voice to and reflect the stories of this audience.”

The studio has also tapped “Twilight” producer Wyck Godfrey to help revitalize Paramount’s production operations, as well as signed production deals with Hasbro, Tyler Perry, and others. The Hasbro pact will lead to new G.I. Joe, Micronauts, and Dungeons & Dragons movies.

Turnarounds typically take several years, but Gianopulos predicted that “A Quiet Place” will mark a new day and phase for Paramount. To that end, the studio highlighted a number of upcoming releases such as “Bumblebee,” “Book Club,” and “What Men Want.”

If Gianopulos can’t breathe new life into Paramount, he could give acting a try. Before taking the stage, he appeared in an extended video that found him begging a dim-witted airline employee to get him on a flight to Vegas (he good-naturedly let her compare him to a mob boss and bridge troll). There was also a dream sequence in which Gianopulos was spliced into “Titanic,” failing to hold on to Rose before she plunged into the icy waters of the Atlantic.

On a corporate level, at a time when the movie business is being upended by new streaming services and declining attendance, there are plenty of icebergs for Gianopulos to avoid.

RELATED CONTENT

More Film

  • Josh Brolin, Kathryn Boyd. Josh Brolin,

    'Avengers: Endgame's' Josh Brolin: Thanos' Butt Is a 'Beautiful, Purple Peach'

    On the eve of “Avengers: Endgame’s” world premiere, everyone’s thoughts have turned to the one crucial detail that could be the difference between life or death for the Avengers: Does Thanos have a butt? “I don’t know what that whole thing is about! I really don’t!” Josh Brolin, who plays Thanos, told Variety‘s Marc Malkin [...]

  • Tessa Thompson'Avengers: Endgame' Film Premiere, Arrivals,

    'Avengers: Endgame's' Tessa Thompson Says Valkyrie Would Spoon Captain Marvel, Thor

    Tessa Thompson, who plays Valkyrie in the Marvel Cinematic Universe and upcoming “Avengers: Endgame,” had no problem addressing speculation about the character’s sexuality at the “Endgame” red carpet premiere Monday. The “Sorry to Bother You” actress explained that she played her Marvel character as bisexual. “In the canon, [Valkyrie] is bisexual. You see her with [...]

  • WGA Agency Packaging Fight Placeholder Writer

    Writers Guild Says Over 7,000 Members Have Fired Agents

    Over 7,000 members of the Writers Guild of America have fired their talent agents, the Hollywood union said on Monday. As promised, the guild delivered a first round of termination letters to agents in a show of support for the WGA’s full-on war with the Association of Talent Agents. “Today the Guild delivered a first [...]

  • BRAZILIAN FLAGFRENCH OPEN TENNIS, PARIS, FRANCE

    Brazil’s Ancine Freezes Incentives, Threatening Film-TV Industry Paralysis

    Brazil’s Ancine agency, its foremost public-sector source of film funding, has frozen all of its incentive programs, potentially near paralyzing new production in Latin America’s biggest film-TV industry. The dramatic decision, which has left Brazil’s industry is a state of shock and intense fear for its future, comes as it has taken further hits. In [...]

  • Jennifer Lopez

    Jennifer Lopez Reteams With STXfilms on Romantic-Comedy Co-Starring Owen Wilson

    Jennifer Lopez is reteaming with STXfilms on the upcoming romantic-comedy “Marry Me.” Kat Coiro is directing the film and Owen Wilson is in final negotiations to join the pic, which will likely shoot this fall. The script was written by John Rogers and Tami Sagher, with a rewrite by Harper Dill. Lopez and Wilson both [...]

  • Steve Golin The Revenant Spotlight Producer

    Steve Golin, Prolific Producer and Founder of Anonymous Content, Dies at 64

    Steve Golin, an Oscar-winning producer who was founder and CEO of Anonymous Content, died Sunday in Los Angeles of cancer. He was 64. Golin was a pioneer in blending the business of talent management with production. Anonymous Content, which Golin founded in 1999, worked with a stable of big name artists such as Steven Soderbergh, [...]

  • David Leitch Kelly McCormick

    'Hobbs & Shaw' Director David Leitch, Kelly McCormick Sign First-Look Deal With Universal (EXCLUSIVE)

    Universal Pictures is signing David Leitch, his longtime producing partner, Kelly McCormick and their recently founded 87North Production banner to a first-look production deal. “David and Kelly have established themselves as a distinctive, stylish filmmaking team who can do it all, from contained thrillers to franchise tentpoles,” said Universal’s president Peter Cramer. “We are confident [...]

More From Our Brands

Access exclusive content