In a reversal of its previously stated goals, Paramount Pictures said it has reduced its release target to 20 films per year. “to more effectively compete in the changing marketplace and to realize the maximum financial benefit of the series of new operating efficiencies achieved by the studio.”
Just three weeks ago, Par brass said they were holding steady with the number of projects they planned to release annually.
Despite the slate reduction, studio has added another president of production: Adam Goodman will be moving from DreamWorks to Paramount Pictures, where he will oversee a creative staff that will manage the DreamWorks projects Par inherited as well as some new development for Paramount.
Brad Weston will continue as president of production for Paramount. Both Goodman and Weston will be supported by shared functions and both will work in tandem with their respective creative staffs on developing projects for Paramount as well as MTV Films and Nickelodeon Movies.
Goodman will report dually to John Lesher, president of Paramount Film Group, on creative areas and to Rob Moore, vice chairman of Paramount on business issues.
Credit: Variety
