That includes 35 projects that Paramount has the option to co-finance and co-distribute with Spielberg and Snider's new studio and distributor Universal.
Meanwhile, Paramount's production president, Brad Weston, will continue in his role supervising the bigger studio's creative staff, talent deals and development projects.
Without DreamWorks' annual contribution of four to six movies, Paramount will pare its annual releases to about 20. Of those, a dozen will be produced by Paramount and its MTV Films and Nickelodeon Movies labels.
Paramount Vantage will supply up to four movies, with a new strategy to make and acquire edgier, lower-cost movies of all genres costing less than $15 million to produce. An additional two to four releases will be produced by DreamWorks Animation and Marvel Studios, both of which have long-term distribution deals with Paramount.
Grey said he would continue looking to economize "in every way and will not spend excessively in any area."
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claudia.eller@latimes.com
