September 10, 2021
Paramount Pictures reportedly plans to name Brian Robbins, president of kids and family entertainment for ViacomCBS Domestic Media Networks, to run the famed studio — replacing Jim Gianopulos, who has headed Paramount since 2017. Gianopulos will assist in the transition, which is expected to announced next week.
First reported by The Wall Street Journal, the expected management change — at the behest of ViacomCBS chairman Sharri Redstone — comes as Paramount grapples with the ongoing pandemic, rollout of branded Paramount+ streaming service, licensing feature films to third-party SVOD platforms, and delaying theatrical releases of benchmark Tom Cruise titles Top Gun: Maverick and Mission: Impossible 7, among other issues.
The studio recently filed a $100 million lawsuit against the insurer of Mission: Impossible 7, alleging Federal Insurance Company has paid out just $5 million to cover talent losses associated with the movie’s production delays.