{"id":20256,"date":"2014-10-05T19:17:27","date_gmt":"2014-10-05T23:17:27","guid":{"rendered":"https:\/\/bejone03.expressions.syr.edu\/trf235\/?p=20256"},"modified":"2014-12-01T18:53:40","modified_gmt":"2014-12-01T23:53:40","slug":"paramount-pictures-10","status":"publish","type":"post","link":"https:\/\/bejone03.expressions.syr.edu\/trf235\/2014\/10\/05\/paramount-pictures-10\/","title":{"rendered":"Paramount Pictures"},"content":{"rendered":"
by Steph Tanz<\/pre>\n
\"[1]<\/a>
[1]<\/a> The Paramount Pictures Logo<\/p><\/div>\n
<\/h2>\n
Key Executives:<\/strong><\/span><\/h2>\n
\"Brad<\/a>
[2] <\/a>Brad Grey, Chairman & CEO<\/p><\/div>
\"[3]<\/a>
[3]<\/a> Rob Moore, Vice Chairman, Paramount Pictures<\/p><\/div>
\"[4]<\/a>
[4] <\/a>Frederick Huntsberry, Chief Operating Officer, Paramount Pictures<\/p><\/div>
\"[5]<\/a>
[5]<\/a> Adam Goodman, President, Paramount Pictures<\/p><\/div><\/p>\n
History<\/strong><\/span><\/h2>\n
    \n
  • Adolph Zuker, Jesse Lasky and Cecil DeMile founded Paramount Pictures in 1912. It was only after Zuker and Lasky combined their business ideas and created Famous Players-Lasky Corporation, now known as Paramount Pictures<\/a>. In 1920, Paramount Pictures<\/a> became the first successful nationwide film distribution company and is currently considered to be part of the \u201cBig Six\u201d<\/a> film studios in Hollywood. Paramount Pictures<\/a> has\u00a0released iconic films such as The Ten Commandments<\/a>, The Godfather<\/a>,\u00a0Top Gun<\/a> and Titanic<\/a> [6]<\/a>.<\/li>\n<\/ul>\n
      \n
    • Paramount Communications Inc. and Viacom Inc. <\/a>merged\u00a0in 1994 and the deal was said to be valued at $8.2 billion [7]<\/a>. The current Chairman and CEO, Brad Grey<\/a>, began his position in 2005 and continues to bring the company success.<\/li>\n<\/ul>\n
      <\/h2>\n
      Financials<\/strong><\/h2>\n
      In 2013, Paramount <\/a>began a new approach in the film industry by releasing fewer films but increasing their profits. Although domestic ticket sales have plunged to less than $900 million, Paramount <\/a>has become consistently profitable. This is because of the studio\u2019s profit margin that has been more than 5 percent for the past few\u00a0years [8]<\/a>. Although, the 2013 tactic did not work out because Paramount Home Media Distribution’s revenue fell 38% as a result of\u00a0fewer releases. However, revenue increased to $1.36 billion, which is a 12% increase from last year. The increase is primarily because of a strong theatrical performance from Transformers: Age of Extinction<\/a>\u00a0[9]<\/a>.<\/p>\n
      \"[10]<\/a>
      [10] \u00a0Transformers: Age of Extinction captures the story of Optimus Prime and his Autobots fighting to save Earth’s history with the help from Optimus’ daughter and a mechanic.<\/p><\/div>\n
      Transformers: Age of Extinction <\/a>was released on June 27th and hit a box-office milestone by reaching $1 billion worldwide. This is only the second movie that has ever hit this mark\u00a0in the toy-to-film franchise. China showed the biggest contribution by selling $300 million in ticket sales [11]<\/a>. With performers such as Mark Wahlberg<\/a>, Stanley Tucci<\/a> and Nicola Peltz<\/a>, the movie has received 8 nominations and won 1 award\u00a0[12]<\/a>.<\/p>\n
      <\/h2>\n
      <\/h2>\n
      IN THEATRES<\/strong><\/h2>\n
      \"[13]<\/a>
      [13]<\/a>\u00a0Interstellar<\/em> is based on a team of explorers that travel beyond our galaxy and discover the future among the stars.<\/p><\/div>\n
      INTERSTELLAR<\/strong><\/span><\/p>\n
      The Sci-fi film starring Matthew McConaughey<\/a> and Anne Hathaway<\/a> was released on November 5th<\/sup>\u00a0in the United States and\u00a0internationally. The film had pleasing results when it was first released in 3,561 theatres and averaged $13,342 per theatre. During opening weekend, the movie made $48 million domestically and was ranked #2 following Big Hero 6<\/a>. The film has accumulated grosses of $147 million domestically, which accounts for 27.1% of the entire gross, and $542 million worldwide. The budget is estimated to be $165 million therefore the gross income quadrupled their budget[14].<\/a><\/p>\n
      Interstellar<\/em><\/a> is nominated for the Hollywood Music in Media Awards <\/a>and already won the Truly Moving Picture Award <\/a>in the Heartland Film Awards<\/a>.[15]<\/a><\/p>\n