UPDATE: In a move that recognizes the growing role of overseas grosses and revenues that are derived from ancillary areas such as streaming, Paramount Pictures has significantly restructured several of its most important divisions. The moves will include the June 2012 retirement of distribution president Jim Tharp and the exit of Tom Lesinski, the Paramount Digital Entertainment president whose domain is being absorbed under other divisions at the studio.
Brad Grey has put the post-theatrical distribution of movies under one department, Home Media Distribution, which will be run by former president of Worldwide Home Entertainment Dennis Maguire. He’ll now oversee the licensing of films to home entertainment, digital streaming, and pay TV. Hal Richardson, who had been president of Worldwide Television Distribution, becomes president of Home Media Distribution, and he reports to Maguire.
In addition, because the studio is building slates that are clearly attempting to derive the majority of theatrical revenue from overseas ticket sales, it has brought head of international Andrew Cripps back to Los Angeles, where going forward he can have more of a say in the kinds of pictures Paramount makes and how they are exploited.
Paramount has also promoted Josh Greenstein and Megan Colligan, who’ve been co-presidents of Domestic Marketing. Greenstein, who was integral to the global marketing campaign of the $1.1 billion worldwide-grossing Transformers: Dark of the Moon, will now be Chief Marketing Officer for the studio and oversee all marketing through all distribution channels. Colligan is the new president of Domestic Marketing & Distribution, and she will oversee all domestic theatrical distribution and marketing for Paramount. Colligan has been responsible for innovations like releasing Paranormal Activity for midnight showings on college campuses and sneaking films via Twitter. Greenstein, Colligan and Maguire all will report to vice chairman Rob Moore.
As part of the shakeout, Paramount Digital Entertainment president Lesinski will leave as his division is folded into other divisions of the studio. Tharp, the studio’s longtime head of distribution, will retire next June but will stay on to help Moore achieve a transition that will involve his number two, Don Harris. Harris will handle the day-to-day duties previously overseen by Tharp and become president of Domestic Theatrical Distribution, reporting to Colligan. (more…)