Dennis Maguire Exiting as Head of Paramount's Home Entertainment
The exec, who joined the studio in 2006, is leaving as part of the current restructuring.
Dennis Maguire, who has served as Paramount’s president of worldwide home media distribution since 2011, is exiting the studio, The Hollywood Reporter has confirmed. He had been responsible for global sales, marketing and distribution of DVD, digital, VOD and TV licensing across all platforms.
His departure comes amid a restructuring of the entire company, ordered by parent Viacom, that saw the Melrose-Ave. studio lay off as many as 40 employees this week. The studio plans to announce a replacement in the coming weeks, a studio spokesperson said.
Maguire joined Paramount in October 2006 as president of Paramount Home Entertainment International, and is credited with restructuring the international team, which reached more than $1 billion in annual revenue for the first time in 2007. He also made inroads into Russia and China through partnerships with Universal and Warners, respectively. In 2009, he was named president of Paramount Pictures Home Entertainment Worldwide and was promoted to his current position in 2011.
Before joining Paramount, Maguire spent 23 years at Disney’s Home Entertainment Division, where he was part of the senior management team that launched the sell-through business.
Maguire’s exit was first reported by Variety.