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Jim Gianopulos named new Paramount head

Viacom Inc. on March 27 confirmed that former Fox Filmed Entertainment head Jim Gianopulos will be the new chairman and CEO of Paramount Pictures, effective April 3.

Gianopulos steps into the role left vacant by Brad Grey, who recently stepped down after 12 years at the helm of the Viacom-owned studio.

Gianopulos, who will report directly to Viacom President and CEO Bob Bakish, previously served as CEO and chairman of Fox Filmed Entertainment for 16 years, overseeing Twentieth Century Fox, Fox 2000 Pictures, Fox Searchlight Pictures, Fox International Productions and Twentieth Century Fox Animation/Blue Sky Studios.

"I see a strong opportunity to position the studio for success by creating valuable franchise opportunities, developing fresh creative ventures, and mining Viacom’s deep brand portfolio to bring exciting new narratives to life," Gianopulos said in a statement.

Fox Filmed Entertainment is owned by 21st Century Fox Inc.