Paramount To Lay Off 120 In Reorganization; International Boss Andrew Cripps Not Staying, To Be Replaced By Disney's Anthony Marcoly

Paramount Overhaul Creates Home Media Distribution Division, Leads To Jim Tharp Retirement, Tom Lesinski Exit

Paramount today gave further clarity on the realignment of several of its divisions, which the studio first unveiled in September and is now implementing. Among the many moves announced then was a plan to move Paramount’s head of international Andrew Cripps back to Los Angeles, where he can have more say in the kinds of films the studio makes and how they are exploited in the increasingly important global market. The studio said today that Cripps has chosen not to relocate, and he is leaving the company. Former Walt Disney Pictures International president Anthony Marcoly has been hired to take his place. We’re also hearing that 120 jobs will be lost as part of the restructuring, which includes Paramount’s Latin America regional oversight office in Rio being shuttered and moved to L.A.; the studio will continue to operate its Latin American distribution offices in Brazil and Mexico. Sales and distribution functions currently performed locally in territories internationally will remain unchanged — including, we’re hearing, in London, where Cripps was based. (more…)

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