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TOPIC: Paramount Pictures shutters NYC distribution

Paramount Pictures shutters NYC distribution 03 Oct 2011 22:20 #37156

  • sevstar
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LOS ANGELES (TheWrap.com) - Paramount Pictures is closing its New York-based film distribution office, according to a studio insider.

The studio will lose a total of five executive positions; three jobs are being moved to Los Angeles. The move follows the merging of Paramount's home video, licensing and digital divisions last week.

A rival studio executive said Paramount employees began putting out job feelers to his company over the weekend.

The shuttering of the film studio's New York operation follows the end of several output deals for the studio, with Marvel and DreamWorks Animation films no longer in the Paramount pipeline.

It also follows a major restructuring of Paramount's home entertainment and licensing operations, which was announced last week.

With the closure, Paramount is the only major studio without a New York-based film distribution operation.

news.yahoo.com/paramount-pictures-shutte...ution-204957691.html
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Re: Paramount Pictures shutters NYC distribution 04 Oct 2011 00:37 #37157

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I am surprised it took them this long to consolidate sales offices. Universal is also planning to close its Boston office.

With so much information available over the internet and with the continued consolidation of the exhibition sector, regional offices are becoming less necessary.

Studios are also looking for more ways to cut expenses to make up for the shrinking revenues from DVD sales.

Rick
"As long as there are sunsets and stars at night, there will always be drive-in movies."
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Re: Paramount Pictures shutters NYC distribution 04 Oct 2011 21:36 #37163

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First of many---
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Re: Paramount Pictures shutters NYC distribution 05 Oct 2011 15:12 #37165

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as time goes by dealing with film salesmen from LA will be bad for smaller theatres the further east you go. If you think you had a hard time getting a fil co rep in your region to understand your business a little bit, it will just get harder.
Michael Hurley
Impresario
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Re: Paramount Pictures shutters NYC distribution 05 Oct 2011 19:30 #37166

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For sure.
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Re: Paramount Pictures shutters NYC distribution 05 Oct 2011 23:51 #37167

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Yes, that's 'cause those southern California people have a hard time understanding there's a world outside southern California. Just check the Cinema Tour forums sometime.
Bob Allen
The Old Showman
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