Paramount To Open Only 20 Films A Year

So now we have a glimpse of Paramount in the post-DreamWorks divorce, current credit crunch, era. Also the studio finally clarifies the job duties of Adam Goodman and Brad Weston which I've already reported: they have the same title, but different duties! And they're not co-heads! (Can't we all get along?) Here's the press release: LOS ANGELES, CALIF., October 15, 2008 -- Paramount Pictures said today it has reduced its release target to twenty films annually to more effectively compete in the changing marketplace and to realize the maximum financial benefit of the series of new operating efficiencies achieved by the studio. Under the new targets, Paramount plans to release twelve films, including MTV Films and Nickelodeon Movies, and up to four additional releases from its Paramount Vantage unit. Paramount will also continue... [read full story]