Massive breaking Hollywood news today as Paramount Pictures Chairman and CEO Jim Gianopulos is leaving the studio and will be replaced by Brian Robbins.
Paramount’s parent company ViacomCBS has kept the hiring within the family as Robbins will be moving from running kids network Nickelodeon.
The Wall Street Journal broke the news of the leadership shake-up, but this report is coming from The Hollywood Reporter.
It’s set to be a busy time for the incoming Robbins as sources stated to THR he will continue to oversee Nickelodeon and kids programming on the streaming service Paramount+.
Gianopulos took the role at the studio in 2017 when they were on the other side of multiple financial failures at the box office, to the point there was a possibility the company could’ve been up for sale; that’s how badly they were doing.
Since taking over, Gianopulos has steady the ship with the success of new franchises like A Quiet Place and Sonic The Hedgehog with the Transformers movie Bumblebee and Mission Impossible – Fallout helping the studio get through the fog.
Additionally, the soon-to-be chairman and CEO oversaw the awards buzz of Rocketman and greenlighting new franchises like Dungeons and Dragons and The Saint.
We’ve also got Top Gun: Maverick coming along the way.
Gianopulos has been busy during the pandemic pushing the theatrical window so it can hit home entertainment 45 days after debuting in cinemas. Additionally, building a partnership with Amazon selling several films like The Tomorrow War, Without Remorse and Coming To America 2.
I will say I am surprised by this news as it would like after bring in 20th Century Fox veteran Emma Watts as president, she would’ve succeeded the 70-year-old and according to THR’s sources, she thought the same.
I will admit it looks like Robbins could be a decent replacement as he comes in with a strong CV, though not as good as Watts, as he was president of Paramount Players in 2017, and his films included What Men Want and the better then it should’ve been live-action Dora The Explorer.
From there, the former actor became Nickelodeon president in 2018, and it was he who greenlit the Paw Patrol feature that got an impressive worldwide box office total of just over $82.5 million.
The top priority for ViacomCBS will be focusing on their streaming service Paramount+ and will be scaling back their theatrical productions with modest budgeted titles, remakes and comedies that will service their streamer.
It is a shame, but all studios are doing this. Yet Mission Impossible and A Quiet Place movies will still be theatrically released as I can’t see Tom Cruise or John Krasinski letting their properties go to Paramount+.