{"id":27182,"date":"2016-02-18T13:28:22","date_gmt":"2016-02-18T18:28:22","guid":{"rendered":"https:\/\/bejone03.expressions.syr.edu\/trf235\/?p=27182"},"modified":"2016-04-25T19:14:05","modified_gmt":"2016-04-25T23:14:05","slug":"paramount-pictures-12","status":"publish","type":"post","link":"https:\/\/bejone03.expressions.syr.edu\/trf235\/2016\/02\/18\/paramount-pictures-12\/","title":{"rendered":"Paramount Pictures- Julia Dorin"},"content":{"rendered":"

 <\/p>\n

\"paramount\"<\/a><\/p>\n

Paramount Pictures<\/strong><\/p>\n

5555 Melrose Avenue, Los Angeles, CA. 90038<\/strong><\/p>\n

www.paramount.com<\/a><\/strong><\/p>\n

HOW IT ALL STARTED<\/strong><\/p>\n

Paramount Pictures, founded in 1912 by Adolph Zukor<\/a>, is the fifth oldest film studio on Earth. Along with Zukor, Paramount\u2019s founding fathers include Jesse L. Lasky ad Cecil B. DeMille, whose innovation and determination have created an empire. Since its conception in 1912, Paramount has become one of the foremost production and distribution companies in the entertainment industry [1]<\/a>. Owned by media conglomerate Viacom, Paramount maintains a solid reputation and has branched into various divisions including Paramount Animation, MTV Films, Comedy Central Films, Nickelodeon Movies and many others. Paramount has had multiple successful releases in\u00a02016 so far and anxiously awaits the release of various\u00a0new projects.<\/p>\n

THE TEAM<\/strong><\/p>\n

Led by Chairman and Chief Executive Brad Grey, Paramount Pictures develops and produces iconic pictures such as \u201cThe Big Short\u201d, \u201dThe Wolf of Wall Street<\/a>\u201d, \u201cStar Trek\u201d, and many more. Grey took over the company in 2005, leading it to great success by finishing first in the global market in 2011, and maintaining high morale and a good reputation throughout his tenure. However as of late, Grey has faced financial trouble as the leader of Paramount, showing a substantial decrease in operating profit from last fiscal year\u2019s $205 million to this fiscal year\u2019s $111 million [2]<\/a>. Another revered executive, Rob Moore, serves as the Vice Chairman for Paramount Pictures. Moore works to oversee the company\u2019s Worldwide Marketing and distribution of films and television programs. Other executives include Frederick Huntsberry, Marc Evans, and Amy Powell, all who contribute to Paramount\u2019s long-lasting success [3]<\/a>.<\/p>\n

\"Brad<\/a>

Brad Grey- CEO of Paramount Pictures [12]<\/a><\/p><\/div>\n

FINANCES\u00a0<\/strong><\/p>\n

So far this year, Paramount Pictures has acquired a total film gross of $311,567,245 from a variety of films. \u201cDaddy\u2019s Home\u201d grossed a total of $150,357,137 since its release in December of 2015. \u201cThe Big Short\u201d, also released in December of 2015 grossed $70,259,870 as well as receiving the Academy Award for Best Writing, Adapted Screenplay. The film was also nominated for another four Oscars and four Golden Globe awards as well. Paramount also released \u201cAnomalisa\u201d, which was nominated for Best Animated Feature Film in the 2016 Academy Awards. Other releases such as \u201cZoolander 2\u201d and \u201cWhiskey Tango Foxtrot\u201d have contributed to Paramount\u2019s total film gross thus far [4]<\/a>. Paramount is known for some of the most grandiose pictures ever produced, such as James Cameron\u2019s 1996 Blockbuster \u201cTitanic<\/a>\u201d, which was awarded the Oscar for Best Picture during the year of its release. Other top notch production includes \u201cInterstellar\u201d, starring Matthew McConaughey, which won an Academy Award for Best Achievement in Visual Effects during the 2015 Oscars.<\/p>\n

\"Daddy's<\/a>

[9]<\/a><\/p><\/div>

\"Anomalisa\"<\/a>

[10]<\/a><\/p><\/div> <\/p>\n

THE FUTURE<\/strong><\/p>\n

Looking ahead, Viacom is searching for a minority investor in Paramount in order to expand its content through the help of another company. Philippe Dauman, Viacom\u2019s Chief Executive, believes a new investor would aid in Paramount\u2019s recently dropping stock price and decreased ratings, which is depicted by the 2015 market share of 5.9%. Ideally, Paramount is looking for a Chinese investor to expand the company\u2019s horizons and broaden its foreign influence. With the strict censorship implemented by China\u2019s government, a Chinese partner would\u00a0be extremely helpful for Paramount\u2019s future success due to China’s\u00a0massive population being about twenty percent of the total world population. Other interested parties include high profile companies such as Amazon, Apple, and Lionsgate Entertainment who have expressed the desire to get involved with Viacom\u2019s Paramount Pictures. However, there is some controversy surrounding a new investor due to Paramount\u2019s decrease in net worth. Viacom paid $9.8 billions dollars to acquire Paramount in 1994, yet current predictions value the company at only $5.5 billion today [5]<\/a>. 21st<\/sup> Century Fox has demonstrated great interest in buying a portion of Paramount, which could be a smart business move and allow the company to begin paying off some of their debt [6]<\/a>.<\/p>\n

GLOBAL EXPANSION\u00a0<\/strong><\/p>\n

\"\"<\/a>

[11]<\/a><\/p><\/div>Paramount recently gained rights to continue sharing\u00a0their content to European countries after a long investigation with the European Union. The EU charged many companies including Google with anti-trust violations, claiming that streaming services such as Sky, which were carrying Paramount programs, were unfairly inaccessible to those outside of certain territories in the European Union. After much debate, Viacom and Paramount Pictures have reached a peaceful and satisfactory conclusion with the EU, allowing the production company to continue to license their programs through premium pay-TV output license agreements. This agreement also abolishes the prospect of fines as well as establishing a basis to solve other disagreements between various entertainment companies and the European Union [7]<\/a>. Symbiosis between the EU and Paramount Pictures aids the company in reaching global success and distributing their programs and films across the world.<\/p>\n

COMING UP<\/strong><\/p>\n

As one of the most iconic companies in the industry, Paramount has produced classic films such as \u201cThe Godfather<\/a>\u201d, and with numerous\u00a0new releases on the horizon, they continue to hope for more success at the box office. Anticipated releases include \u201cStar Trek Beyond\u201d, \u201cBen-Hur\u201d, and \u201cTeenage Mutant Ninja Turtles: Out of the Shadows\u201d, all of which Paramount has great hope for [8]<\/a>. Huge blockbusters are essential not only to increase the company\u2019s market share price and total gross but to maintain their outstanding reputation as well. Films such as \u201cStar Trek Beyond\u201d bode well for Paramount, due to the franchise\u2019s already established consumer base, making the film a much anticipated release in the coming year.<\/p>\n

Although Paramount Pictures has seen better days fiscally, the company still holds its head high and continues to produce and distribute projects that change the way audiences view cinema. With the implementation of a new investor combined with the already established leadership of Brad Grey and his team, Paramount will certainly make a comeback in the industry. With the increase of foreign cooperation, Paramount executives have high hopes that their company to\u00a0extend beyond country borders, making their films renowned around the world.<\/p>\n

SOURCES<\/strong><\/p>\n

[1] Paramount.com<\/a>. (2016). The Paramount Story. Retrieved 25 April 2016.<\/p>\n

[2]\u00a0Atkinson, C.<\/a> (2016). Paramount’s Brad Grey Needs Big Success to Save his Job<\/em>. New York Post. Retrieved 25 April 2016.<\/p>\n

[3] Paramount.com<\/a> (2016). Paramount Executives. Retrieved 25 April 2016.<\/p>\n

[4]\u00a0Boxofficemojo.com<\/a>. (2016). Paramount Yearly Comparisons. Retrieved 25 April 2016.<\/p>\n

[5]\u00a0Bond, P.<\/a> (2016). Paramount’s Suitors? Here’s Seven Top Prospects<\/em>. The Hollywood Reporter. Retrieved 25 April 2016.<\/p>\n

[6] Atkinson, C.<\/a> (2016). 21st Century Fox Eyes Minority Slice of Paramount Pictures<\/em>. New York Post. Retrieved 25 April 2016.<\/p>\n

[7]\u00a0Jafaar, A.<\/a> (2016). Paramount Offers Concessions in EU Anti-trust Investigation<\/em>. Deadline Hollywood. Retrieved 25 April 2016.<\/p>\n

[8]\u00a0Boxofficemojo.com<\/a>. (2016). Paramount Upcoming Releases. Retrieved 25 April 2016.<\/p>\n

[9] Paramount.com<\/a>. (2015). Daddy’s Home Image. Retrieved 25 April 2016.<\/p>\n

[10] Wikipedia<\/a>. (2015). Anomalisa Poster. Retrieved 25 April 2016.<\/p>\n

[11] Trekcore<\/a>. (2015). Star Trek and Beyond Poster. Retrieved 25 April 2016.<\/p>\n

[12] Paramount.com<\/a>. (2015). Brad Grey Executive Biography. Retrieved 25 April 2016.<\/p>\n

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 <\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

  Paramount Pictures 5555 Melrose Avenue, Los Angeles, CA. 90038 www.paramount.com HOW IT ALL STARTED Paramount Pictures, founded in 1912 by Adolph Zukor, is the fifth oldest film studio on Earth. Along with Zukor, Paramount\u2019s founding fathers include Jesse L. … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":479,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4877],"tags":[1874,2248,1463,3844,394,3462,1418,1666,174,1673,389,54,4206,1450,975,141],"_links":{"self":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/27182"}],"collection":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/users\/479"}],"replies":[{"embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/comments?post=27182"}],"version-history":[{"count":7,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/27182\/revisions"}],"predecessor-version":[{"id":27974,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/27182\/revisions\/27974"}],"wp:attachment":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/media?parent=27182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/categories?post=27182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/tags?post=27182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}