Latest in Paramount

Paramount has pushed back the release date for Transformers One, the newest animated feature in the Transformers franchise that was unveiled at CinemaCon in April. The origin story from director Josh Cooley, previously set to open on July 19, 2024, will now bow nationwide on September 13…

Paramount has bumped up its nationwide release date for the CG-animated Teenage Mutant Ninja Turtles: Mutant Mayhem from Friday, August 4 to Wednesday, August 2, 2023. Pic’s only competitor set for its new date is an opera, that being Fathom Event’s Met Summer Encore: Il Trovatore. Its theatrical…

The last time a writers strike impacted the LA Screenings in 2008, the world was in recession and studios pared back their spend on glitzy marketing and all-singing, all-dancing parties and soirees. We are not quite at that stage, but, in 2023, these conditions have an air of familiarity. Studios…

After a $60M opening for Fast X, a $110M 4-day start for The Little Mermaid, and a $80M+ debut for Spider-Man: Across the Spider-Verse, Paramount will keep the summer tentpole train going with Transformers: Rise of the Beasts with an estimated $68M to $70M start in U.S. and Canada. Related…

With just the CW left tomorrow, the near-talent-free upfronts are winding down, and shows are still being shuttered in New York City, while on the picket lines in LA there was Mariachism, tacos, tunes and some Mandalorians to galvanize the troops. On the 16th day of the Writers Guild strike, picket…

EXCLUSIVE: RRR and Thor franchise star Ray Stevenson is headlining Frank Ciota’s Cassino in Ischia, a feature which is being produced by Goodfellas and Casino‘s Barbara DeFina. The pic is a Republic Pictures Acquisition which is being distributed by Paramount Global Content Distribution. In…

EXCLUSIVE: As Hollywood moves into a second week of the writers strike, texts are flying all over town confused about an A-lister event Tuesday night on a studio lot, the blowback that could come from attending it, and crossing potential picket lines. "Would I be crossing a WGA picket (line) if I…

UPDATED with more detail and names: In the latest wave of industry layoffs, the recently combined Showtime/MTV Entertainment Studios as well as Paramount Media Networks, overseen by the division’s President and CEO Chris McCarthy, is reducing its domestic team by 25% today. McCarthy addressed the cuts…

In a dividend shocker this morning, Paramout Global said it’s slashing quarterly payouts to 5 cents, so 20 cents, annually — a major drop from about 24 cents a quarter or nearly a buck a year. It said the move would save it $500 million annually and that it’s important to conserve cash and pay down debt…

Paramount CEO Bob Bakish said today that “writers are essential in creating content and… we hope we can come to a resolution that is good for everyone fairy quickly. But it's also fair to say there is a pretty big gap today, and it's really a multifaceted kind of bid and ask.” Related Story …

Paramount Global fell way shy of Wall Street forecasts with ongoing losses in streaming exacerbated by soft advertising at its TV/Media group last quarter and a dip in filmed entertainment as well. The stock is down sharply — about 14% — in early trading Related Story Paramount Slashes D…

Oscar-winning filmmaker Martin Scorsese entreated exhibitors to show independent film — real indies, not ones with an indie “label slapped on,” since that’s the best insurance the industry has going foward. It’s what will beguile and attract new filmmakers to cinemas and “ultimately, one or two might just…