Paramount’s Jim Gianopulos on Why Profitability Is Only the First Step to Rebuild the Studio

  • The Wrap
Jim Gianopulos has not had a particularly easy job since taking over as CEO of Paramount Pictures in 2017 — one year after the once-iconic studio had lost more than $450 million. “Looking back that was about as dark as it gets, particularly for a major studio,” Gianopulos said Wednesday at Bank of America Merrill Lynch’s annual media and entertainment conference. “We’ve just, basically for the first year in now four, been able to make a profit. Being profitable is a good thing; being profitable at the level we should be is the next step.” How does Gianopulos reach that next step? Well, a dive into the studio’s recent box office successes and its coming slate of films provides a glimpse at that answer. Also Read: Paramount Pictures CEO Jim Gianopulos Signs New Multi-Year Deal The Paramount rebounding narrative really took hold last year with box office hits such as
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