The media giant has also extended the contract of Paramount’s current production president Elizabeth Raposo, who largely deals with the studio’s film franchises. Executive leadership is currently addressing staff on Paramount’s Hollywood lot.
Gianopulos has been at the helm of the studio since 2017, when he replaced the late Brad Grey. While his deal renewal coincides with the looming mega-merger, one insider close to Viacom said the deal was simply approaching expiration and came up for renewal.
During his tenure, Gianopulos has moved to stabilize the legendary studio and increase production volume. Notable hits under his watch include John Krasinski’s “A Quiet Place,