Paramount CEO Discusses Five-Year Hasbro Deal
In a recent interview with the Los Angeles Times, Paramount Pictures CEO Jim Gianopulos discussed the studio’s recent success with A Quiet Place, and upcoming plans for revitalization.
In the LA Times article, Gianopulos discussed the recent troubles that Paramount Pictures faced and how they plan to turn things around. “The studio is poised for a renaissance,” Gianopulos said. “It’s had a couple of difficult years structurally, organizationally and in terms of its performance. I think with a new team in place, a new direction and a new strategy, the opportunities are terrific.”
Among the studio’s numerous plans for revitalization (and most relevant to this site) is an exclusive five-year production and financing deal with Hasbro. Confirmed projects include a G.I. Joe reboot, M.A.S.K. (which currently has Fate of the Furious director F. Gary Gray attached to direct), and Micronauts. These three properties, along with ROM and Visionaries, were amongst those previously announced to be part of the “Hasbro Cinematic Universe,” though the current state of the shared universe is unknown (though ROM does at least have a screenwriter).
Hasbro CEO Brian Golden also commented on the deal, saying of Gianopulos, “Literally, he’s a database of what works and what doesn’t work in movies,” Goldner said. “Jim exudes a level of optimism and an understanding of the business, and a positive attitude that’s very infectious.” Goldner, who wishes for Hasbro to have an increased presence in the film industry, said he “expects Hasbro to make two live-action movies and one animated film a year with Paramount.” These upcoming films will most likely include further entries in the Transformers franchise, as well as new franchises.