Paramount Pictures
The film industry is not whole without mentioning Paramount Pictures. Paramount Animation is, therefore, a division and label of the famous Paramount Pictures, which is one of the biggest film companies in the world. It has its headquarters in Los Angeles in the States.
Paramount Animation has released some pretty good films in its’s few years of existence. To help you keep track of this company from the onset, we will take a look at its history and some of the expected feature outcomes.
History
Paramount Animation was founded on 6th July 2011 as a division of the giant Paramount pictures. The company has witnessed two eras: The Brad Grey Regime and The Jim Gianopulos regime. Its history would, therefore, be incomplete without mentioning these two eras.
- The Brad Grey Era
The Brad Grey era lasted for six years, from 2011 to 2017. 2 months after its conception, David Stainton, who was at the time a former President of Walt Disney Animation department, was made its president.
Four months later, Stainton resigned, and Adam Goodman, who was the President of Paramount Film Group, undertook the leadership of this animation company. The same year, Paramount Animation announced that it would release The SpongeBob Movie: Sponge out of the water in 2014. The film was a sequel to The SpongeBob SquarePants Movie.
Two years later, in July 2013, Paramount animations announced a new live/action franchise from The Transformers series named Monster Trucks. The release date was set for 29th May 2015. The film director was Chris Wedge.
It was not until 6th February 2015 that Paramount Animations released their first film, The SpongeBob Movie: Sponge Out of Water, which had been announced in 2012. The movie was a success and amassed a profit of over $325 million. It became the fifth highest animation film of 2015 in terms of gross income.
Adam Goodman was fired the same year, and the company announced another SpongeBob film. In the same year, Paramount Pictures and Warner bros lost a bid to produce The Emoji Movie to Sony, which then went ahead and released it in 2017. Bob Bacon, the studio head, also left Paramount Animation the same year.
Near the end of 2015, the company announced the Amusement Park project, which was later renamed Wander Park, whose 3D film was to be produced by Ilion Animation Studio. Three other films were announced, which were The Little Prince, Sherlock Gnomes, and another SpongeBob movie.
Paramount Animation signed a deal with Locksmith Animation, a UK based film company, to help in the production of three other animated projects which were to be produced under their label. Monster Truck was then released as the company’s second film. It, however, perfumed poorly, and the studio lost over $120 million.
Luck and Films were then produced in March 2017 after a successful partnership between Skydance Media and Ilion Animation and Paramount Pictures tasked with the distribution. Bill Damaschke was appointed in October 2017 as the president of animation and family entertainment.
Second era
The Jim Gianopulos era began in April 2017 after their CEO; Brad Grey was replaced. After his appointment, he ended the deal between Paramount and Locksmith Animation, who later made a deal with 20th Century Fox due to project differences.
Mireille Soria was then made president of the studio in July 2017. Mireille was the former co-president of DreamWorks Animations. Sherlock Gnomes was later released in early 2018 but didn’t rake in profits as was expected.
Ramsey Naito, the former producer of Blue Sky Studio and Nickelodeon, was named the executive president in April 2018. Wonder Park was released in March 2019 and, just like its predecessor, didn’t do as well.
Paramount Animation possible future outlook
Paramount’s last two films did not do well as expected. What does the future hold for this company under the giant wing Paramount Pictures? Let us explore some of the possible future outlooks
- Increased production- Paramount Animation has announced several films to be produced in the near future. It is therefore expected that they will up their production. Since its corporation, the company has not produced as one would expect.
Some of the expected films include Untitled My Little Pony, Rumble, Jersey Crabs, and Rugrats from the Nickelodeon’s Rugrats series.
- Improved box office performance- Now, Paramount Animation has not been performing quite well, seen from their two recent releases, Wonder Park and Gnomes. Can this performance be expected to increase, and their movies fair well in the box office? Probably.
Paramount Animation has done quite a lot with its management and ended certain deals with companies that they consider incompatible with them in terms of projects. The films are therefore expected to fair on well.
The company is also expanding its production, having announced several films for production. This opening of its doors can, therefore, be expected to rake in a decent amount of profit from its movies.
- More awards- Since most Paramount Animation films have not been fairing quite well in the Box Office; the company has not managed to rake in several Awards. It’s 2015 film The SpongeBob Movie: SpongeBob Out of Water managed two nominations.
Having stepped up their production, it can be expected that their upcoming movies will bag more awards and get quite a number of nominations. With over four anticipated films, the company can hope for better performance.
- Paramount Animation was given its logo in 2019 after seven years without one, which is one of the most significant achievements by Jim Gianopulos. This logo will, therefore, make the company more unique, helping it identify more with the viewers.
One can, therefore, expect that this giant company will reach more to its fans and gain more viewers.
Conclusion
The animation world is getting even better. With several animation companies, Paramount Animation has managed to retain its place. Even though the company has not performed well in some of its last releases, the future is still promising.
With its recent adjustments in leadership and movie production, one can expect that Paramount Animation will do better.