Paramount downsizes Vantage

Takes over marketing and distribution operations

By Gregg Kilday

June 3, 2008, 11:23 PM ET

Corrected: June 3, 2008, 11:32 PM ET

As studio specialty labels continue to contract, Paramount Pictures is downsizing 2-year-old Paramount Vantage, merging it more tightly with its parent studio.

While Vantage will continue as a production label under president Nick Meyer, the functions of Vantage's marketing, distribution and physical production departments are merging with the corresponding departments at Paramount. Three senior positions are being eliminated, including that of Vantage distribution executive vp Rob Shulze.

Vantage's Megan Colligan has been named co-president of domestic marketing along with Paramount executive Josh Greenstein, and both will report to Gerry Rich, president of worldwide motion picture marketing.

Jim Tharp, Paramount president of domestic marketing, will oversee the consolidated distribution department. Vantage's Georgia Kacandes, as exec vp physical production, will head the combined physical production department.

Paramount downsizes Vantage

Takes over marketing and distribution operations

By Gregg Kilday

June 3, 2008, 11:23 PM ET

Corrected: June 3, 2008, 11:32 PM ET