Paramount Pictures CEO Jim Gianopulos is set to step down from his position. Following the underwhelming box-office yield of Transformers: The Last Knight and Chinas clampdown on foreign investments, HuaHua Media left its partnership with Paramount Pictures at the end of 2017. HuaHua Media was supposed to fund 25% of the next two Transformers movies and 25% of all Paramount movies until 2020. 2017 was not a kind year for Paramount. That year, the movie production giant saw a loss of $445 million; where $100 million loss was from Transformers: The Last Knight alone. Enter Jim Gianopulos. Mr. Gianopulos took decisive action » Continue Reading.

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https://news.tfw2005.com/2021/09/11/paramount-pictures-ceo-jim-gianopulos-to-step-down-studio-to-drop-big-budget-movies-440857