A false narrative is being advanced by news outlets that the reason for multiple failed deals is China’s clampdown on foreign investment.
After a decade of digital partnerships, studios and distributors are moving towards a wholly-owned strategy.
Paramount will not receive the $1 billion in slate funding from China’s Shanghai Film Group, and Hua Hua Media. A source said, the “Paramount deal is dead.”
In an unsurprising decision that many industry followers have expected, Paramount Pictures’ CEO Brad Grey is leaving the studio after 12 years.