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Paramount Lays Off 60 for an Internal Merger?

Paramount Pictures, in the interest of merging its marketing, distribution and physical production departments will lay off as many as 60 overlapping positions, the studio announced today and Deadline Hollywood Daily reported.
Paramount chairman Brad Grey had no comment on the layoffs, but was very upbeat about the potential for Paramount with a number of upcomig films, like “Transformers 2″ and “Star Trek.” Grey addressed reporters at Herb Allen’s Sun Valley Media Conference in mid-July.
“Over the past three years, as we have rebuilt and grown the organization, Paramount and Paramount Vantage have consistently looked to evolve in a way that best serves our filmmakers, their creativity and our consumers,” said Rob Moore, Vice Chairman, Paramount Pictures and John Lesher, President, Paramount Film Group. “We are grateful for the immense contributions from so many Paramount and Vantage professionals who have been instrumental in our successes. Moving forward, this new structure provides us with a solid foundation as we prepare for our upcoming slate of diverse films, including The Curious Case of Benjamin Button, G.I. Joe, Star Trek and Transformers 2, to name a few.”
Nick Meyer, President, Paramount Vantage, added: “Similarly, Paramount Vantage looks forward to leveraging this new organization to release The Duchess, Defiance and Revolutionary Road later this year, as well as our exciting slate for 2009 and beyond. With the addition of our new EVP of Production and Acquisitions, Guy Stodel, and the talented team we already have in place, Vantage is well positioned for the future.”

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