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Paramount Vantage

BUSINESS
June 27, 2006 | Claudia Eller, Times Staff Writer
Paramount Pictures plans a sweeping reorganization that will bring in house its two sister movie operations, MTV Films and Nickelodeon Movies, as part of an effort to end what has frequently been viewed as a dysfunctional relationship. Although all three are owned by parent Viacom Inc.
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ENTERTAINMENT
October 7, 2008 | PATRICK GOLDSTEIN
EVERYONE complains about how hard it is to find an audience for quality films, but no one ever talks about the force wreaking the most havoc on high-end movies -- the Oscars. Wherever you look these days, you can't help but see how the film industry's obsession with chasing Oscar glory has created an insupportable financial model for quality films and quality filmmakers. In the past year or so, a host of specialty film divisions and indie producers -- notably Picturehouse, Warner Independent Pictures, Paramount Vantage, ThinkFilm and Sidney Kimmel Entertainment -- have either gone out of business or suffered huge losses largely because they wildly overspent on Oscar campaigns or made films that couldn't compete in the overheated Oscar marketplace.
BUSINESS
April 21, 2008 | Thomas S. Mulligan and Meg James, Times Staff Writers
One part of Sumner M. Redstone's media empire took aim at the other Sunday, when Viacom Inc.'s Paramount Pictures teamed up with two studios to create a premium television channel that would compete with Showtime Networks, which is owned by Viacom's sister company CBS Corp. The venture, as yet unnamed, could be risky, because the cable scene is already crowded with contenders airing feature films and developing original programming.
ENTERTAINMENT
July 29, 2008 | PATRICK GOLDSTEIN
VARIETY'S venerable Peter Bart didn't like my Friday posting -- published in Saturday's Calendar -- about John Lesher running Paramount Vantage into the ground, calling it a shrill "rant," his way of saying that I lack the smooth, world-weary cynicism that colors Bart's own writing. He was also clearly peeved that I had the temerity to point out how Bart's trade paper, never one to ever step on any studio toes, had managed to cover the firing of 60 Vantage staffers in true accept-the-press-release style, failing to note that the staffers were taking the fall for Vantage's inability to make any money (while Lesher whooshed off to become Paramount's head of production)
BUSINESS
July 25, 2008 | From Times Staff and Wire Reports
Paramount Pictures has laid off 60 employees as a result of folding the marketing, distribution and physical production operations of its specialty film label, Paramount Vantage, into the main studio. "This completes the previously announced reorganization to consolidate into one group," Paramount Vice Chairman Rob Moore said. Moore said the layoffs were mostly of mid- and lower-level employees from both Paramount and Vantage but also included four senior executives who lost their jobs last month.
NEWS
February 4, 2009 | Tom O'Neil
Focus Features "Milk" Fox Searchlight "The Wrestler" Miramax "Doubt" Overture Films "The Visitor" Paramount "The Curious Case of Benjamin Button" "Tropic Thunder" Paramount Vantage "Revolutionary Road" Sony Pictures Classics "Frozen River" "Rachel Getting Married" Universal "Changeling" "Frost/Nixon" Weinstein Co. "The Reader" "Vicky Cristina Barcelona" -- Tom O'Neil ...
ENTERTAINMENT
October 5, 2007 | From staff and wire reports
The father of a 12-year-old Afghan boy starring in "The Kite Runner" said the company producing the movie had delayed its release until both of them can leave the country, fearing for the actor's safety. The studio distributing the movie, Paramount Vantage, said Thursday it was postponing the movie's release to give three of its child actors the chance to leave Kabul out of concern they could be attacked over a culturally inflammatory rape scene.
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