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ViacomCBS is shaking up the management of Paramount Pictures.
The firm introduced Monday that CEO and Chairman of Paramount Pictures Jim Gianopulos would hand over management of the studio to Brian Robbins. Robbins will proceed in his present function heading up Nickelodeon and tackle the added function of president and CEO of Paramount.
Gianopulos will stay in an advisory function by way of the tip of the 12 months.
Robbins will oversee all the movies produced for streaming service Paramount+, as nicely as all the children and household content material.
The information comes on the heels of reports that ViacomCBS proprietor Shari Redstone has needed to place extra precedence on making content material for Paramount+.
According to a e-newsletter written by former Hollywood Reporter Editorial Director Matthew Belloni, Redstone needed movies like “A Quiet Place: Part II” and “Jackass Forever” for Paramount+. Instead, “A Quiet Place: Part II” was launched in theaters in late May. The movie garnered almost $270 million in international ticket gross sales on an estimated manufacturing funds of about $60 million. “Jackass Forever” has been postponed till February 2022.
ViacomCBS declined to remark.
Also on Monday, ViacomCBS introduced that Paramount Television Studios will now change into a part of its premium community group beneath the management of David Nevins, chairman and CEO of Showtime Networks. Nicole Clemens will proceed on as president of Paramount Television Studios and can report on to Nevins.