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Paramount's Jim Gianopulos asks why profitability is just the first step in rebuilding the studio



"Being profitable is a good thing; At the level we should be achieving, being profitable is the next step, "says Jim Gianopulos, Paramount Pictures Chief.

Jim Gianopulos has not had a particularly easy job since his takeover as CEO of Paramount Pictures in 2017 – a year after the former icon – The studio had lost more than $ 450 million.

"When you look back, it's as dark as it gets, especially for a big studio," Gianopulos said Wednesday at Bank of America's annual media and entertainment conference, Merrill Lynch. "We've just made a profit, basically, for the first year in four years, to be profitable is a good thing, at the level we should be able to be profitable is the next step."

How does Gianopulos take this next step? A look at the studio's recent successes at the box office and the upcoming films give an insight into this answer.

The Paramount recovers The narrative continued last year with box-office hits such as "Mission: Impossible ̵

1; Fallout" ($ 791.1 million) and "A Quiet Place" ($ 340.9 million) Paramount has released 10 feature films with contributions from two holdovers from 2017.

This was a change in the studio's strategy and, according to Gianopulos, an important prerequisite for success.

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