232696


Paramount CEO leaving

Paramount Pictures Chairman and CEO Brad Grey is leaving the movie studio after 12 years at the helm.

In a memo to employees, Grey said his duties end effective immediately but he will help his successor transition into the post. Paramount parent Viacom said they are searching for a new CEO.

The move comes after media mogul Sumner Redstone's National Amusements in December abandoned a proposal that CBS and Viacom reunite after a 10 year split. Viacom had also been considering selling a stake in Paramount but that was called off too.

Paramount, which makes the "Star Trek" reboot movie franchise, has been struggling to produce hits. It has a 104-year history with a film library that includes titles from the "Indiana Jones" and "Godfather" series.



More Business News



226943
230673
Data from CryptoCompare
RECENT STORIES
232757
232135
Castanet Proud Member of RTNDA Canada
227964
Press Room
229228