Paramount and Warner Bros. Film Units to Operate Independently After Merger
Skydance Motion Picture Group co-chairs Dana Goldberg and Josh Greenstein said in a Day 1 memo that Paramount Pictures and Warner Bros. Pictures will run separate film slates under their own brands.
Skydance Motion Picture Group Co-Chairs Dana Goldberg and Josh Greenstein sent a Day 1 memo to staff at the Paramount and Warner Bros. Motion Picture units on Tuesday, announcing that the two companies' film divisions will operate independently following the official completion of the Paramount-WBD merger. According to Deadline, the memo sets out how the film operations will be structured now that the deal has closed.
Under the plan outlined in the memo, Paramount Pictures and Warner Bros. Pictures will continue to build and release their film slates separately under their own brands, with each film carrying its respective logo.
DC Studios, New Line Cinema and Paramount Primal will continue as distinct labels with specific mandates. Animation and specialty labels, including Republic Pictures and Warner Bros. Clockwork, will also operate independently.
David Ellison, who the memo describes as making one of the biggest investments in the future of the theatrical moviegoing tradition, sent his own memo hours earlier. Goldberg and Greenstein said they see themselves as stewards of two of the most storied studios in Hollywood history, and have been working on getting the Paramount motion picture unit into financially reasonable shape.
Quick answers
Will Paramount Pictures and Warner Bros. Pictures release films together after the merger?
No. According to the Day 1 memo from Skydance Motion Picture Group Co-Chairs Dana Goldberg and Josh Greenstein, the two film divisions will operate independently and continue to build and release their film slates separately under their own brands, with each film carrying its respective logo.
What happens to DC Studios, New Line Cinema and other labels?
DC Studios, New Line Cinema and Paramount Primal will continue as distinct labels with specific mandates. Animation and specialty labels including Republic Pictures and Warner Bros. Clockwork will also operate independently.
Who sent the memo about the film divisions?
Skydance Motion Picture Group Co-Chairs Dana Goldberg and Josh Greenstein sent the Day 1 memo to staff at the Paramount and Warner Bros. Motion Picture units. David Ellison sent his own memo hours earlier.