Paramount’s New Path is Paying Off

October 14, 2019Media Mention
Los Angeles Business Journal

Once mighty Paramount Pictures Corp., the storied studio behind such classic films as “Risky Business” and “The Godfather,” finds itself in a supporting role these days.

Theater chains including AMC Entertainment Holdings Inc. have clashed with Netflix and other streaming providers that have not honored the window. “Exhibition has made pretty clear that they are very strident about maintaining this window,” Gianopulos said. “Nobody wants to go to war with their synergistic theater partner.”

Moore of Greenberg Glusker said the company should either bolster its own streaming service or combine with another studio, like Lionsgate or Sony Pictures Entertainment Inc. “That will be the next play in order to compete for market share,” Moore said.