Paramount Pictures could be in the process of making its biggest change yet – the man at the top.
Brad Grey, who has led Paramount since 2005, is on his way out, according to a report by the Los Angeles Times. It follows months of speculation and years of poor box office returns for what was once one of Hollywood’s major studio giants.
While Grey managed the studio in more prosperous times – including the launch of the Transformers film franchise as well as what many consider to be a very successful reboot of the Star Trek – things have not gone well for Paramount at all in more recent years.
Last year, the studio ranked sixth among the big studios, according to The Numbers, with $843.7 million domestically, compared to just under $3 billion from the Walt Disney Co. In fact, the last time Paramount finished above sixth place among the studios was in 2011, when it earned the top spot with a tad shy less than $2 billion.
Back then, however, Paramount was still involved with some of Marvel’s properties like Captain America and Thor. It also had Transformers: Dark of the Moon which finished second only to Harry Potter and the Deathly Hallows – Part 2 (and not by much).