In what has been heavily expected in the wake of Jim Gianopulos’ departure from Paramount as CEO and Chairman, the studio’s Motion Picture President Emma Watts is leaving the Melrose lo…
Watts has been in the position since July 20, 2020, and rejoined with her former Fox Boss Gianopulos to rebuild Paramount in the wake of dwindling box office revenues and expensive plays from the Brad Grey and Rob Moore era. The fruits of her labor will be seen next year on the 2022 release calendar, God willing they all remain on the big screen.
This comes at a time when ViacomCBS is pivoting to embracing more of its movies heading to the streaming service, Paramount+. Nickelodeon chief Brian Robbins was put in place to fill in Gianopulos’ vacancy. There’s been rumors swirling that Paramount would continue on a theatrical track of six-to-eight films a year, but with Watts gone, that throws the studio’s theatrical outlook into question. Yesterday, Paramount putback on the calendar no Nov.
There’s been buzz that Robbins was canvassing his top picture picker in former Warner Bros. film chief Jeff Robinov. We will see. In 2018, following the Disney-Fox merger, Watts transitioned to chief executive at the newly rebranded Twentieth Century Studios, and oversaw the production and release of Best Picture nominated , which she also sensed was a novel mass-appealing comedy that would work on a grand scale. She was right: Disney held the film through the pandemic for a theatrical release and the Ryan Reynolds film has racked up $110M to date, one of the most successful films during the pandemic, and over $303M WW.
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