Paramount’s Jim Gianopulos on Why Profitability Is Only the First Step to Rebuild the Studio

”Being profitable is a good thing; being profitable at the level we should be is the next step,“ Paramount Pictures chief Jim Gianopulos says

Jim Gianopulos has not had a particularly easy job since taking over as CEO of Paramount Pictures in 2017 — one year after the once-iconic studio had lost more than $450 million.

“Looking back that was about as dark as it gets, particularly for a major studio,” Gianopulos said Wednesday at Bank of America Merrill Lynch’s annual media and entertainment conference. “We’ve just, basically for the first year in now four, been able to make a profit. Being profitable is a good thing; being profitable at the level we should be is the next step.”

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Trey Williams

Film Reporter covering the biz • trey.williams@thewrap.com • Twitter: @trey3williams