Paramount Pictures’ CEO reshuffle is reportedly further indication that the studio is planning to release fewer films theatrically.
The news that Paramount’s inbound CEO is Nickelodeon’s Brian Robbins has the Hollywood trade press suggesting that this is part of a wider move to skew the studio’s output towards its streaming service, Paramount+, whilst focusing less on the Paramount Pictures arm of the studio.
With Robbins having little to no experience of dealing with big movie talent, but plenty of experience of working within the realm of TV, there’s speculation in The Hollywood Reporter and elsewhere, that ‘Paramount will be scaling back on its theatrical tentpole productions to focus on titles that will service Paramount+.’
For those of you who have been tracking this story for a while, this news won’t come as a great surprise. Paramount made major moves back in February to shrink its theatrical output in favour of streaming releases for Paramount+. On top of that, it was amongst the first of the major film studios to experiment with shorter exclusivity windows for cinemas when the pandemic hit.
Now, the appointment of Robbins is causing some to suggest that even the studio’s blockbuster mainstays may be getting trimmed down. Still, as it stands, sequels to its Star Trek, Transformers and Mission: Impossible films are all in the works. Nonetheless, it’s been suggested that the studio may be moving away from these huge blockbusters and instead zeroing in on remakes and smaller-budget films instead.
Nothing is confirmed yet but it is certainly interesting times for one of the grandest of the old Hollywood studios.
THR
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