Viacom counting on new chief to save Paramount
But some analysts worry that the studio is too far gone; it has been in free-fall and lost US$445 million in its last fiscal year
Los Angeles
VIACOM has turned to one of Hollywood's most seasoned and respected executives, James Gianopulos, to revive its faded Paramount Pictures operation. But some analysts worry that Paramount is too far gone.
Mr Gianopulos, who turns 65 in April, will take over as chairman of Paramount on April 3, Viacom said on Monday. Mr Gianopulos, the consummate Hollywood insider who is treasurer of the Academy of Motion Picture Arts and Sciences, previously ran 20th Century Fox.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Billionaire Geiger is said to near US$7 billion L’Occitane buyout
HCA beats first-quarter profit estimates on higher patient admissions
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
EU toughens rules on Chinese fashion retailer Shein
Best World under fire from shareholders at AGM over dividends, director salaries
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years