Paramount Pictures have announced plans to slash output target to 20 films a year. The studio now plans to release twelve films, including MTV Films and Nickelodeon Movies, and four releases from Paramount Vantage.
Paramount will also continue to distribute up to 4 films a year from DreamWorks Animation and Marvel Studios. The plan is that the new schedule will make them leaner and more efficient, in what is, after all, an uncertain world.
Paramount Chariman Brad Grey added "We have established a slate volume that balances our financial goals with our creative objectives," Grey said. "I am confident we can continue to meet our long-term financial targets and offer a strong and diverse slate of films."
So to translate: economic crisis equals smaller slate.