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 25% 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 to turn things around for Paramount and it worked. At the end of 2017, Paramount Pictures entered a new agreement with Hasbro, where the toy giant would chip in more money to their movies but at greater creative control.
Such steps ensured the financial safety of Paramount and the company went on to produce critically acclaimed movies such as A Quiet Place and Bumblebee under the new leadership of Jim Gianopulos.
All things must come to an end and so does the tenure of Mr. Jim Gianopulos. We wish him the very best for his future work and we also wish his successor Brian Robbins, a wonderful stay with many Hasbro movies to follow.
On a closing note, Paramount has expressed their interest to drop big-budget movies in favor of smaller productions that will directly go on their streaming service Paramount+.
“What this is all setting up, according to insiders, is Paramount retreating from big theatrical productions to focus on titles – remakes, branded content, cheaper fare – that will service its streamer, Paramount+.” -Borys Kit, Journalist
There is a likelihood that this move may affect the pending renewal of the aforementioned agreement with Hasbro at the end of the year 2022.
You can also read follow-up articles for this development via Deadline and Hollywood Reporter.
zane1345
So what does this mean for movies after ROTB ? Will the current timeline continue or is it gonna be rebooted again after the film rights are acquired by one of the other movie studios ?
BigRed
They "lost" the original guy and now have a new guy and so naturally they are talking in media about the fact that they believe the man has the skillset to be able to make the right choices in relation to both the old and new ventures. I genuinely do not know what else you think you want. You are, again, taking too seriously and overthinking a side comment made during a media event whose purpose was to talk about the company's investments in the streaming form-faction, things already set in stone that the new CEO likely hasn't had much of a hand in yet, any serious look at the production pipeline for actual movies and shows and the new CEO's plans for those will be revealed properly in a real media event dedicated to that subject.
Autobot Burnout
To show confidence in the company? They literally just lost the guy originally brought on to fix things after 2017 piledrived the company into the ground, and that was only 4 years ago. Since then, there's been a pandemic and the entire industry has been crippled.
Granted, the best way to do THAT isn't so much words as it would be kicking Lorenzo's sorry ass out for good.
BigRed
It means that the company who wants to break into streaming without dropping theater experiences thinks that the guy they chose has a good knowledge of streaming and theater experiences. You are overthinking this massively. What makes you think that Paramount would be talking about long-term detailed plans of content production on a generic "congrats to the new guy'' fluff piece?
Autobot Burnout
And what does that even mean? Suffice to say neither of those are the actual problem given the real problem is that Paramount has just been crapping out shitty films I.E. Snake Eyes.
Serpico Jones
Paramount will be sold to Comcast within the next two years. I don’t see this as a bad thing because Universal already has a relationship with Hasbro and the Transformers franchise via their theme parks and they can’t be any worse than Paramount which produced some of the worst movies I’ve ever seen in recent years. It should also finally separate the franchise from Lorenzo di Bonaventura.
BigRed
The statement seems pretty clear though? He is just saying " I think Brian understands both traditional theater shit and digital streaming shit and how to leverage both in the current industry", just with more words to sound smarter as usual.
Autobot Burnout
That statement had more roundabout meaningless industry jargon than a Dilbert comic.
A visual representation of what I mean:
Basically, he said absolutely nothing and Paramount still looks like it's clutching for anything that will work at this point.
WolverineDragon
Sort off topic. But I know the Halo live action series will be on paramount + as well.
SilverOptimus
This thread has gone way out of topic I see.
Back to the usual subject:
Yesterday, we ('we' in the sense journalists, newsies etc.) had a session with ViacomCBS CFO Naveen Chopra.
He said that the content production budget for Paramount+ will be doubled from next year.
But, what I got from the session is that their whole idea for Paramount+ is muddled. If we take Netflix, it's Netflix all over the world. If we take Amazon Prime, it's Amazon Prime all over the world. But for Paramount+, their content is on different networks in other countries. They are not even called Paramount+. For example for certain European countries, Comcast handles the content and it has both Paramount movies and Universal movies.
Mr. Chopra only mentioned the following about theatrical movies yesterday:
"I think [Brian Robbins] understands the perspectives of all of our constituents in the filmmaking industry. We are undergoing a lot of change, and I think Brian understands that in order to successfully navigate that change, you have to figure how to leverage the traditional parts of the business, including theatrical distribution, as well as newer parts of the business like streaming and changes in consumer behavior."
He also said that they are evaluating current production on a case-by-case basis on whether they are delayed, 45-Day theatrical window, traditional theatrical window or directly to Paramount+.
Said that A Quiet Place Part II got the 45-Day treatment, Infinite got direct streaming treatment, Clifford got delayed, and their latest decision was to delay MI and Top Gun. Announcements for other 2021/2022 movies will follow soon.
Miyaren
Indy 5 is a Disney movie
Autobot Burnout
We shall have to agree to disagree on the topic. It's certainly not the biggest problems with the films in the inconsistency with the timeline, in comparison to everything else.
Rojixus
Firstly, Rome did not exist as a city until the 8th century BC and "all the stuff going on in Central America" didn't happen until the Olmecs in the 15th century BC. As far as the main subject is concerned, I'm saying the Fallen encountered the ancestors of the Ancient Egyptians long before the Pre-Dynastic period and their depictions of kings and gods are unconscious imitations.
Autobot Burnout
That still doesn't work given the Egyptians weren't the only civilization that existed at the time. I mean, don't forget the Romans are basically next door (Cleopatra and Mark Antony, anybody?), and you have all the stuff going on in Central America.
cybeast
To be honest, I still wonder how can they botched the continuity so badly. Even direct to DVD Sequel has better attempt at continuity.
Rojixus
It's not that hard. The prehistoric ancestors of the Ancient Egyptians make contact with the Fallen, who left such an impression on them that their rulers dress up like him and depict their gods in his likeness. Over the millennia, the source of this aesthetic is forgotten and the Ancient Egyptians naturally assume that's the way their gods and rulers should look since they have always looked like that since literally before written history.
WolverineDragon
I want a transformers adaptation of hamlet starring Dinobot!
Irv Gotti
Barricade as an Intergalactic Buford T. Justice?
There’s potential there.
Autobot Burnout
Personally I suspect part of any hesitation to abandon the bayverse will come from Hasbro's CEO. The 2007 movie is what put him into that position and it's been clear over the years he cares more about the movies than whatever actually is the current version of Transformers.
From what rumors I've heard, Harrison is out due to injuries and the fact he's old, so they've had to really change things behind the scenes. Some of the most recent rumors speculate he's no longer even the main in his own movie.
You're forgetting that Lorenzo straight up insisted that Quintessa was human and alive 5 billion years ago.
Lorenzo di Bonaventura on Quintessa's Origin
Also funny how Lorenzo shits on Beast Wars and robots turning into animals…AND LOOK WHERE WE ARE NOW!
Except if they were the Quints, then they could have simply called them THE QUINTESSONS. The whole point of calling them 'The Creators' is because they didn't know what they were supposed to be, the whole thing was an ass-pull delaying mechanic while the idiots in charge figured out where to go. Which ultimately was the complete opposite direction.
And, of course, I refer you to the above link where in no uncertain terms does Lorenzo claim that Quintessa is human and is supported by "lore" though where this lore can be found is something nobody knows to this day (mainly because it doesn't exist and Lorenzo is obviously pulling nonsense out of his ass).
Then why the hell is The Fallen's head have features typical to that of Ancient Egyptian depictions of gods? Elongated chin, "frills" on the sides of the head, and in some depictions of Osiris he's wearing a really tall crown. Its PAINFULLY obvious there's a whole Ancient Egypt theme going on with ROTF (the packaging from that toyline HAD HRYOGLYPHIC WALLS IN THE BOXES!) and it doesn't make any sense for it to suddenly have The Fallen, the central figure of all this…not be involved with the same civilization that built the pyramids.