Paramount Pictures CEO*Jim Gianopulos*To Step Down, Studio To Drop Big-Budget Movies

[Super_Megatron]

Paramount Pictures CEO*Jim Gianopulos*is set to step down from his position. Following the underwhelming box-office yield of Transformers: The Last Knight and China’s clampdown on foreign investments, HuaHua Media left its partnership with Paramount Pictures at the end of 2017. HuaHua Media was supposed to fund 50% of the next two Transformers movies and 25% of all Paramount movies until 2020. 2017 was not a kind year for Paramount. That year, the movie production giant saw a loss of $445 million; where $100 million loss was from Transformers: The Last Knight alone. Enter Jim Gianopulos. Mr.*Gianopulos took*decisive action » Continue Reading.

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[Soundwaves]

Way to go Michael.

[Whisky Tango Foxtrot]

You mean Michael Bay? 'Cause he'd already made his last Transformers movie when Gianopulos became CEO.


Besides which, I don't really blame Bay for how bad the Transformers movies were. Sure, he's a terrible filmmaker, but everyone who'd seen his past movies would have already known that when he got the job. He was a known quantity but Paramount hired him anyway, and the movies turned out exactly as you'd expect.

[Robimus]

Yeah, tough to blame this on Michael Bay’s 5 billion dollar plus Transformers box office totals.