22 Sep 2017
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Paramount’s Adam Goodman to exit as film president

MUMBAI: Viacom Inc’s Paramount movie studio is set to see a shake-up at the top with the president Adam Goodman expected to leave the company soon. As per reports, the move comes a year before his contract ends.

The company is ‘reviewing its creative organisation’ and it is unclear who will replace Goodman.

Goodman joined Paramount in 2008 and a year later took on the film group president role, replacing John Lesher who was fired.

He played a vital role in shepherding a number of key projects to the screen, like the recent ‘Teenage Mutant Ninja Turtles’ reboot, ‘Mission: Impossible – Ghost Protocol’ and the ‘Paranormal Activity’ franchise.

Last summer, the studio brought out ‘Transformers: Age of Extinction’, the highest-grossing film at the global box office.

However, Paramount has scaled back the number of films it produces annually, which has caused its market share to shrink. Last year, reports mention that it had the sixth largest share of the overall domestic box office pie, behind its major studio rivals.

This year, Paramount had a hit with ‘The SpongeBob Movie: Sponge Out of Water’ which grossed over $200 million globally, and did respectable business with ‘Selma’, but faltered with ‘Project Almanac’ and ‘Hot Tub Time Machine 2’.