Paramount Restructures Home Entertainment Division, Promotes Maguire27 Sep, 2011 By: Chris Tribbey
In a major restructuring, Paramount Pictures has combined its worldwide home entertainment, digital licensing and television licensing activities under one division, called Worldwide Home Media Distribution, studio chairman and CEO Brad Grey announced Sept. 27.
Dennis Maguire, formerly president of Paramount Home Entertainment, has been promoted to president of the new division, reporting to studio vice chairman Rob Moore. Hal Richardson, Paramount’s president of worldwide TV distribution, now will serve as president of Home Media Distribution, reporting to Maguire.
“This new structure will allow us to more effectively take advantage of worldwide opportunities, adjust to the changing marketplace and propel us forward on a unified, global basis,” Grey said. “Our international operations can now be more closely aligned with our strategic operations at our Los Angeles headquarters.”
As part of the change Paramount Digital Entertainment, or PDE, will be folded into other divisions of the studio, with division president Tom Lesinski departing the studio. Lesinski was with Paramount for more than five years, previously serving as president of Paramount Worldwide Home Entertainment. Prior to Paramount, Lesinski spent a decade with Warner Bros., last serving as EVP and GM of Warner Home Video.
Amy Powell, EVP of interactive entertainment for PDE, will add digital content creation online games to her responsibilities, while LeeAnne Stables, EVP of worldwide marketing partnerships, assumes responsibility for licensing traditional games.
“Integrating digital licensing with home entertainment and television licensing makes sense in the current marketplace and for the future,” vice chairman Moore said. “In addition, marketing and distribution have become seamless global businesses and we need our structure to better reflect that evolution. This new configuration allows us to be more flexible and to best capitalize on all opportunities across the breadth of the studio.”
On the theatrical side, Josh Greenstein and Megan Colligan, who served as co-president of domestic marketing, also have been promoted. Greenstein will serve as chief marketing officer for the studio, while Colligan has been named president of domestic marketing and distribution. Don Harris, EVP of sales, is being promoted to president of domestic theatrical distribution, assuming the role of Jim Tharp, president of domestic theatrical distribution, who will retire in June 2012.
“We are making these shifts from a position of strength with the goal of being both smart and innovative in an evolving business environment,” Grey said. “We have had six consecutive releases surpass $100 million in domestic box office revenue, and internationally we are on pace for a record year.”