B&E | Paramount CEO Brad Grey to step down

Viacom is starting a search to identify a successor, and Grey, who headed Paramount Pictures for 12 years, will remain at the studio for a period to support the transition.

B&E | Paramount CEO Brad Grey to step down

Image Attribute: World War Z Trailer - Paramount logo / Youtube Screengrab

Feb 22 (Reuters) - Brad Grey will step down as the chairman and chief executive officer of Viacom Inc's Paramount Pictures film studio, the company said on Wednesday.

Viacom is starting a search to identify a successor, and Grey, who headed Paramount Pictures for 12 years, will remain at the studio for a period to support the transition.

Viacom shares, which have gained about 25 percent this year, were down 0.5 percent at $44.46.

Grey's departure from the studio comes after years of underperformance, producing box office bombs such as "Teenage Mutant Ninja Turtles: Out of the Shadows" and "Ben-Hur."

The change in leadership follows a year of distractions for the studio as it was at the center of a bruising power struggle between Viacom's controlling shareholder, Sumner Redstone, and his daughter, Shari, and Viacom's former chief executive, Philippe Dauman.

The battle began when Dauman, who resigned in August, proposed selling a stake in Paramount against Redstone's wishes.

Last month, Grey helped to arrange a deal with two Chinese film companies, Shanghai Film Group (SFG) and Huahua Media, to invest $1 billion in Paramount, giving the studio much-needed cash and support as it attempts to grow.

As part of the agreement, SFG and Huahua Media will finance a combined 25 percent of all of Paramount's films for the next three years, with the option to extend to the fourth year. The Chinese studios will share in the economic returns of the films, but details were not provided.

During his tenure at Paramount, Grey was responsible for a seven-year marketing distribution deal with Marvel and the 2008 acquisition of DreamWorks SKG for $1.6 billion, from which Paramount got the Transformers franchise.

However, in recent years, the studio has struggled.

Grey is the latest executive to leave Viacom Inc Chief Executive Officer Bob Bakish took over. In December, Denise Denson, the head of distribution for Viacom, left.

In January, longtime Viacom executive Doug Herzog, a 25-year veteran who oversaw Comedy Central and MTV, left. And last month, Michael Fricklas, general counsel, announced his departure.

On Friday, Reuters reported that Grey's departure was imminent.

(Reporting by Jessica Toonkel and Saqib Iqbal Ahmed; Additional reporting by Anya George Tharakan;  Editing by Anil D'Silva)

(c) 2017 Thomson Reuters
Name

-51,1,3D Technology,2,5G,8,Abkhazia,2,Academics,9,Accidents,19,Activism,1,ADB,12,ADIZ,1,Adults,1,Advertising,30,Advisory,2,Aerial Reconnaissance,11,Aerial Warfare,34,Aerospace,4,Afghanistan,83,Africa,109,Agile Methodology,2,Agriculture,15,Air Crash,9,Air Defence Identification Zone,1,Air Defense,6,Air Force,26,Air Pollution,1,Airbus,5,Aircraft Carriers,5,Aircraft Systems,2,Al Nusra,1,Al Qaida,4,Al Shabab,1,Alaska,1,ALBA,1,Albania,2,Algeria,3,American History,4,AmritaJash,10,Antarctic,1,Anthropology,7,Anti Narcotics,12,Anti Tank,1,Anti-Corruption,3,Anti-dumping,1,Anti-Piracy,2,Anti-Submarine,1,Anti-Terrorism Legislation,1,Antitrust,2,APEC,1,Apple,2,Applied Sciences,2,AQAP,2,Arab League,3,Architecture,2,Arctic,6,Argentina,7,Armenia,26,Army,3,Art,2,Artificial Intelligence,62,Arunachal Pradesh,2,ASEAN,10,Asia,65,Asia Pacific,22,Assassination,2,Asset Management,1,Astrophysics,2,ATGM,1,Atmospheric Science,1,Atomic.Atom,1,Augmented Reality,7,Australia,45,Austria,1,Automation,13,Automotive,124,Autonomous Flight,2,Autonomous Vehicle,2,Aviation,58,AWACS,1,Awards,17,Azerbaijan,14,Azeri,1,B2B,1,Bahrain,9,Balance of Payments,1,Balance of Trade,3,Balkan,10,Baltic,3,Baluchistan,8,Bangladesh,27,Banking,48,Bankruptcy,1,Basel,1,Bashar Al Asad,1,Bay of Bengal,5,BBC,1,Beijing,1,Belarus,3,Belgium,1,Belt Road Initiative,3,Beto O'Rourke,1,BFSI,1,Bhutan,9,Big Data,30,Big Tech,1,Bilateral Cooperation,13,BIMSTEC,1,Biography,1,Biotechnology,2,BISA,1,Bitcoin,7,Black Lives Matter,1,Black Money,2,Black Sea,1,Blockchain,31,Blood Diamonds,1,Bloomberg,1,Boeing,20,Boko Haram,7,Bolivia,6,Bomb,2,Bond Market,1,Book,11,Book Review,18,Border Conflicts,9,Border Control and Surveillance,5,Bosnia,1,Brand Management,14,Brazil,99,Brexit,22,BRI,5,BRICS,17,British,3,Broadcasting,16,Brunei,2,Brussels,1,Buddhism,1,Budget,3,Build Back Better,1,Bulgaria,1,Burma,2,Business & Economy,1026,C-UAS,1,California,5,Call for Proposals,1,Cambodia,6,Cameroon,1,Canada,46,Canadian Security Intelligence Service (CSIS),1,Carbon Economy,8,CAREC,1,Caribbean,9,CARICOM,1,Caspian Sea,2,Catalan,3,Caucasus,9,CBRN,1,Central African Republic,1,Central Asia,74,Central Asian,3,Central Eastern Europe,47,Certification,1,Chad,2,Chanakya,1,Charity,2,Chatbots,1,Chemicals,7,Child Labor,1,Children,4,Chile,10,China,471,Christianity,1,CIA,1,CIS,5,Citizenship,2,Civil Engineering,2,Civil Liberties,4,Civil Rights,2,Civil Society,4,Civilization,1,Clean Energy,4,Climate,62,Climate Change,15,Clinical Research,3,Clinton,1,Cloud Computing,42,Coal,4,Coast Guard,3,Cognitive Computing,12,Cold War,4,Colombia,15,Commodities,3,Communication,9,Communism,3,Compliance,1,Computers,40,Conferences,1,Conflict,81,Conflict Diamonds,1,Conflict Resolution,48,Conflict Resources,1,Congo,1,Construction,4,Consumer Behavior,4,Consumer Price Index,2,COP26,4,Coronavirus,106,Corporate Communication,1,Corporate Governance,4,Corporate Social Responsibility,4,Corruption,4,Costa Rica,2,Counter Intelligence,14,Counter Terrorism,80,COVID,7,COVID Vaccine,5,CPEC,8,CPG,3,Credit,1,Credit Score,1,Crimea,4,CRM,1,Croatia,2,Crypto Currency,13,Cryptography,1,CSTO,1,Cuba,6,Culture,5,Currency,7,Customer Relationship Management,1,Cyber Attack,6,Cyber Crime,2,Cyber Security & Warfare,105,Cybernetics,5,Cyberwarfare,16,Cyclone,1,Cyprus,5,Czech Republic,3,DACA,1,DARPA,3,Data,9,Data Analytics,35,Data Center,1,Data Science,2,Database,2,Daughter.Leslee,1,Davos,1,DEA,1,DeBeers,1,Debt,11,Decision Support System,5,Defense,10,Defense Deals,6,Deforestation,2,Democracy,20,Democrats,2,Demonetization,6,Denmark. F-35,1,Denuclearization,1,Diamonds,1,Digital,38,Digital Economy,8,Digital Marketing,2,Digital Transformation,10,Diplomacy,10,Disaster Management,4,Disinformation,1,Diversity & Inclusion,1,Djibouti,2,Documentary,2,Doklam,1,Dokolam,1,Dominica,2,Donald Trump,42,Donetsk,2,Dossier,2,Drones,10,E-Government,2,E-International Relations,1,Earning Reports,2,Earth Science,1,Earthquake,5,East Africa,1,East China Sea,9,eBook,1,ECB,1,eCommerce,11,Econometrics,1,Economic Justice,1,Economics,40,Economy,77,ECOWAS,2,Ecuador,3,Edge Computing,2,Editor's Opinion,4,Education,61,Egypt,24,Elections,30,Electric Vehicle,11,Electricity,5,Electronics,7,Emerging Markets,1,Employment,12,Energy,311,Energy Policy,28,Energy Politics,25,Engineering,23,England,2,Enterprise Software Solutions,8,Entrepreneurship,15,Environment,46,ePayments,12,Epidemic,6,ESA,1,Ethiopia,3,Eulogy,3,Eurasia,3,Euro,6,Europe,7,European Union,221,EuroZone,5,Exclusive,2,Exhibitions,2,Explosives,1,Export Import,4,F-35,5,Facebook,7,Fake News,3,Fallen,1,FARC,2,Farnborough. United Kingdom,2,FATF,1,FDI,5,Featured,1172,Fidel Castro,1,FIFA World Cup,1,Fiji,1,Finance,17,Financial Markets,49,Financial Statement,2,Finland,5,Fintech,13,Fiscal Policy,12,Fishery,3,Food Security,23,Forces,1,Forecasting,1,Foreign Policy,12,Forex,3,France,26,Free Market,1,Free Syrian Army,4,Freedom,3,Freedom of Speech,1,FTC,1,Fujairah,97,Fund Management,1,Funding,22,Future,1,G20,6,G24,1,G7,3,Gaddafi,1,Gambia,2,Gaming,1,Garissa Attack,1,Gas Price,21,GATT,1,Gaza,2,GCC,11,GDP,9,GDPR,1,Geneal Management,1,General Management,1,Geo Politics,103,Geography,1,Geoint,14,Geopolitics,5,Georgia,11,Georgian,1,geospatial,8,Geothermal,2,Germany,61,Ghana,3,Gibratar,1,Gig economy,1,Global Trade,88,Global Warming,1,Global Water Crisis,10,Globalization,2,Gold,2,Google,15,Gorkhaland,1,Government,125,GPS,1,Greater Asia,130,Greece,13,Green Bonds,1,Green Energy,1,Greenland,1,Gross Domestic Product,1,GST,1,Gujarat,6,Gun Control,4,Hacking,4,Haiti,2,Hasan,1,Health,7,Healthcare,71,Heatwave,1,Helicopter,10,Heliport,1,Hezbollah,3,High Altitude Warfare,1,High Speed Railway System,1,Hillary 2016,1,Hillary Clinton,1,Hinduism,2,Hindutva,4,History,10,Home Security,1,Honduras,2,Hong Kong,7,Horn of Africa,5,Housing,11,Houthi,11,Howitzer,1,Human Development,29,Human Resource Management,5,Human Rights,4,Humanitarian,3,Hungary,3,Hunger,3,Hydrocarbon,3,Hydrogen,2,IAEA,2,ICBM,1,Iceland,1,ICO,1,Identification,2,IDF,1,Imaging,2,IMF,69,Immigration,17,Impeachment,1,Imran Khan,1,Independent Media,72,India,551,India's,1,Indian Air Force,18,Indian Army,5,Indian Nationalism,1,Indian Navy,24,Indian Ocean,17,Indices,1,Indo-Pacific,3,Indonesia,17,IndraStra,1,Industrial Accidents,3,Industrial Automation,2,Industrial Safety,4,Inflation,6,Infographic,1,Information Leaks,1,Infrastructure,3,Innovations,22,Insider Trading,1,Insurance,3,Intellectual Property,3,Intelligence,5,Intelligence Analysis,8,Interest Rate,3,International Business,13,International Law,11,International Relations,8,Internet,53,Internet of Things,34,Interview,8,Intra-Government,5,Investigative Journalism,3,Investment,32,Investor Relations,1,IPO,4,Iran,189,Iraq,54,IRGC,1,Iron & Steel,1,ISAF,1,ISIL,9,ISIS,33,Islam,12,Islamic Banking,1,Islamic State,86,Israel,120,IT ITeS,131,Italy,10,Jabhat al-Nusra,1,Jamaica,3,Japan,63,JASDF,1,Jihad,1,Joe Biden,3,Joint Strike Fighter,4,Jordan,7,Journalism,6,Judicial,4,Justice System,3,Kanchin,1,Kashmir,8,Kazakhstan,22,Kenya,5,Kiev,1,Kindle,700,Knowledge Management,3,Kosovo,2,Kurdistan,8,Kurds,10,Kuwait,7,Kyrgyzstan,9,Labor Laws,10,Labor Market,4,Land Reforms,2,Land Warfare,21,Languages,1,Laos,1,Laser Defense Systems,1,Latin America,79,Law,5,Leadership,3,Lebanon,9,Legal,9,LGBTQ,1,Liberalism,1,Library Science,1,Libya,13,Lifestyle,1,Littoral Warfare,2,Livelihood,3,Loans,8,Lockdown,1,Lone Wolf Attacks,2,Lugansk,2,Macedonia,1,Machine Learning,7,Madagascar,1,Mahmoud,1,Main Battle Tank,3,Malaysia,10,Maldives,8,Mali,7,Malware,2,Management Consulting,6,Manpower,1,Manto,1,Manufacturing,14,Marijuana,1,Marine Engineering,3,Maritime,39,Market Research,2,Marketing,38,Mars,2,Martech,9,Mass Media,29,Mass Shooting,1,Material Science,2,Mauritania,1,Mauritius,1,MDGs,1,Mechatronics,2,Media War,1,Mediterranean,12,MENA,6,Mental Health,4,Mercosur,2,Mergers and Acquisitions,15,Meta,1,Metadata,2,Metals,1,Mexico,10,Micro-finance,4,Microsoft,11,Migration,19,Mike Pence,1,Military,99,Military Exercise,9,Military-Industrial Complex,2,Mining,15,Missile Launching Facilities,5,Missile Systems,52,Mobile Apps,3,Mobile Communications,10,Mobility,4,Modi,7,Moldova,1,Monaco,1,Monetary Policy,5,Money Market,2,Mongolia,8,Monkeypox,1,Monsoon,1,Montreux Convention,1,Moon,4,Morocco,2,Morsi,1,Mortgage,3,Moscow,2,Motivation,1,Mozambique,1,Mubarak,1,Multilateralism,2,Mumbai,1,Muslim Brotherhood,2,Myanmar,25,NAFTA,3,NAM,2,Nanotechnology,4,NASA,13,National Security,5,Nationalism,2,NATO,30,Natural Disasters,10,Natural Gas,30,Naval Base,5,Naval Engineering,20,Naval Intelligence,2,Naval Postgraduate School,2,Naval Warfare,45,Navigation,2,Navy,22,NBC Warfare,2,NDC,1,Negotiations,2,Nepal,12,Neurosciences,6,New Delhi,4,New Normal,1,New York,5,New Zealand,5,News,1069,Newspaper,1,NFT,1,NGO,1,Nicaragua,1,Niger,3,Nigeria,10,Nirbhaya,1,Non Aligned Movement,1,Non Government Organization,4,Nonproliferation,2,North Africa,22,North America,41,North Korea,49,Norway,2,NSA,1,NSG,2,Nuclear,38,Nuclear Agreement,31,Nuclear Doctrine,1,Nuclear Security,44,Obama,3,ObamaCare,2,OBOR,15,Ocean Engineering,1,Oceania,2,OECD,4,OFID,5,Oil & Gas,356,Oil Gas,6,Oil Price,61,Olympics,2,Oman,25,Omicron,1,Oncology,1,Online Education,5,Online Reputation Management,1,OPEC,128,Open Access,1,Open Journal Systems,1,Open Letter,1,Open Source,4,Operation Unified Protector,1,Operational Research,4,Opinion,619,Pacific,5,Pakistan,160,Pakistan Air Force,3,Pakistan Army,1,Pakistan Navy,3,Palestine,21,Palm Oil,1,Pandemic,84,Papal,1,Paper,3,Papers,110,Papua New Guinea,1,Paracels,1,Partition,1,Partnership,1,Party Congress,1,Passport,1,Patents,2,PATRIOT Act,1,Peace Deal,5,Peacekeeping Mission,1,Pension,1,People Management,1,Persian Gulf,19,Peru,5,Petrochemicals,1,Petroleum,19,Pharmaceuticals,13,Philippines,11,Philosophy,2,Photos,3,Physics,1,Pipelines,5,PLAN,3,Plastic Industry,2,Poland,8,Polar,1,Policing,1,Policy,7,Policy Brief,6,Political Studies,1,Politics,40,Polynesia,3,Population,3,Portugal,1,Poverty,7,Power Transmission,6,President APJ Abdul Kalam,2,Presidential Election,30,Press Release,158,Prison System,1,Privacy,17,Private Equity,1,Private Military Contractors,1,Programming,1,Project Management,4,Propaganda,5,Protests,11,Psychology,3,Public Policy,55,Public Relations,1,Public Safety,7,Publishing,6,Putin,4,Q&A,1,Qatar,109,QC/QA,1,Qods Force,1,Quantum Computing,3,Quantum Physics,4,Quarter Results,2,Racial Justice,2,RADAR,1,Rahul Guhathakurta,4,Railway,7,Raj,1,Ranking,4,Rape,1,RCEP,2,Real Estate,1,Recall,4,Recession,2,Red Sea,2,Referendum,5,Reforms,17,Refugee,23,Regional,4,Regulations,1,Rehabilitation,1,Religion & Spirituality,9,Renewable,16,Reports,39,Repository,1,Republicans,3,Rescue Operation,1,Research,4,Research and Development,20,Retail,36,Revenue Management,1,Risk Management,4,Robotics,8,Rohingya,5,Romania,2,Royal Canadian Air Force,1,Rupee,1,Russia,275,Russian Navy,5,Saab,1,Saadat,1,SAARC,6,Safety,1,SAFTA,1,SAM,2,Samoa,1,Sanctions,3,SAR,1,SAT,1,Satellite,13,Saudi Arabia,123,Scandinavia,6,Science & Technology,341,SCO,5,Scotland,6,Scud Missile,1,Sea Lanes of Communications,4,SEBI,1,Securities,1,Security,6,Semiconductor,5,Senate,4,Senegal,1,SEO,3,Serbia,4,Seychelles,1,SEZ,1,Shale Gas,4,Shanghai,1,Sharjah,12,Shia,6,Shinzo Abe,1,Shipping,5,Shutdown,1,Siachen,1,Sierra Leone,1,Signal Intelligence,1,Sikkim,4,Silicon Valley,1,Silk Route,6,Simulations,2,Sinai,1,Singapore,13,Situational Awareness,16,Smart Cities,7,Social Media Intelligence,40,Social Policy,39,Social Science,1,Socialism,1,Soft Power,1,Software,7,Solar Energy,13,Somalia,5,South Africa,18,South America,45,South Asia,411,South China Sea,31,South East Asia,61,South Korea,42,South Sudan,4,Sovereign Wealth Funds,1,Soviet,2,Soviet Union,7,Space,41,Space Station,2,Spain,8,Special Forces,1,Sports,3,Sports Diplomacy,1,Spratlys,1,Sri Lanka,22,Stamps,1,Startups,43,State of the Union,1,STEM,1,Stephen Harper,1,Stock Markets,19,Storm,2,Strategy Games,5,Sub-Sahara,3,Submarine,13,Sudan,5,Sunni,6,Super computing,1,Supply Chain Management,40,Surveillance,8,Survey,5,Sustainable Development,17,Swami Vivekananda,1,Sweden,4,Switzerland,4,Syria,111,Taiwan,20,Tajikistan,11,Taliban,17,Tamar Gas Fields,1,Tamil,1,Tanzania,4,Tariff,4,Tata,1,Taxation,23,Tech Fest,1,Technology,13,Tel-Aviv,1,Telecom,23,Telematics,1,Territorial Disputes,1,Terrorism,74,Testing,2,Texas,3,Thailand,7,The Middle East,614,Think Tank,294,Tibet,2,TikTok,1,Tobacco,1,Tonga,1,Total Quality Management,2,Town Planning,2,TPP,2,Trade Agreements,13,Trade War,10,Trademarks,1,Trainging and Development,1,Transcaucasus,16,Transcript,4,Transpacific,2,Transportation,39,Travel and Tourism,10,Tsar,1,Tunisia,7,Turkey,73,Turkmenistan,9,U.S. Air Force,3,U.S. Dollar,2,UAE,132,UAV,21,UCAV,1,Udwains,1,Uganda,1,Ukraine,98,Ukraine War,10,Ummah,1,UNCLOS,6,Unemployment,1,UNESCO,1,UNHCR,1,UNIDO,2,United Kingdom,71,United Nations,27,United States,661,University and Colleges,4,Uranium,2,Urban Planning,10,US Army,8,US Army Aviation,1,US Congress,1,US FDA,1,US Navy,15,US Postal Service,1,US Space Force,2,USA,16,USAF,19,UUV,1,Uyghur,3,Uzbekistan,12,Valuation,1,Vatican,1,Vedant,1,Venezuela,18,Venture Capital,3,Victim,1,Videogames,1,Vietnam,18,Virtual Reality,7,Vision 2030,1,VPN,1,Wahhabism,3,War,1,War Games,1,Warfare,1,Water,16,Water Politics,6,Weapons,10,Wearable,2,Weather,2,Webinar,1,WEF,2,Welfare,1,West,2,West Africa,19,West Bengal,2,Western Sahara,2,Whitepaper,2,WHO,3,Wikileaks,1,Wikipedia,1,Wildfire,1,Wildlife,2,Wind Energy,1,Windows,1,Wireless Security,1,Wisconsin,1,Women,10,Women's Right,10,Workshop,1,World Bank,27,World Economy,24,World Peace,10,World War I,1,World War II,3,WTO,6,Wyoming,1,Xi Jinping,9,Xinjiang,2,Yemen,26,Zbigniew Brzezinski,1,Zimbabwe,2,
ltr
item
IndraStra Global: B&E | Paramount CEO Brad Grey to step down
B&E | Paramount CEO Brad Grey to step down
Viacom is starting a search to identify a successor, and Grey, who headed Paramount Pictures for 12 years, will remain at the studio for a period to support the transition.
https://4.bp.blogspot.com/-uGYBafU_J68/WK5n7mpLkHI/AAAAAAAAOaA/JnstcR0SrDAkQs5ZjUyxiBiM-XhLiHOTgCLcB/s640/Downloads1.jpg
https://4.bp.blogspot.com/-uGYBafU_J68/WK5n7mpLkHI/AAAAAAAAOaA/JnstcR0SrDAkQs5ZjUyxiBiM-XhLiHOTgCLcB/s72-c/Downloads1.jpg
IndraStra Global
https://www.indrastra.com/2017/02/BE-Paramount-CEO-Brad-Grey-to-step-down-003-02-2017-0072.html
https://www.indrastra.com/
https://www.indrastra.com/
https://www.indrastra.com/2017/02/BE-Paramount-CEO-Brad-Grey-to-step-down-003-02-2017-0072.html
true
1461303524738926686
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content