Anthony Marcoly Named Head of Paramount International Theatrical

The announcement comes as Paramount consolidates its operations in Los Angeles where Marcoly will work; as a result of the streamlining, 120 positions are cut worldwide.

There were more changes at Paramount on Thursday as it named former Disney executive Anthony Marcoly president of International--Theatrical. His hire comes as the studio consolidates its worldwide operations in Los Angeles, where Marcoly will be based.

Marcoly, who stepped down as president of Disney International last year, succeeds the widely respected Andrew Cripps. Cripps, who is British, is based in London.

Last month, Paramount announced it was streamlining its home entertainment, digital and film operations, paticularly in the area of distribution and marketing. On Thursday, roughly 120 studio positions were eliminated worldwide as Paramount implemeted those changes. The London office will be dramatically scaled back, while the Latin American regional office in Rio will be closed. All told, 40 international jobs are being elimiated.

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In the U.S., 80 positions are being eliminated across various divisions.

“We are undertaking this reorganization to best adapt to the global evolution in the movie business,” said Paramount chairman & CEO Brad Grey. “We are grateful to Andrew for all he has done to help us build Paramount International, and we look forward to Anthony joining our team and bringing his extensive international experience to bear for our pictures.”

Marcoly -- who spent 26 years at Disney -- will oversee Paramount International's distribution, finance and operations, and will report directly to Paramount vice chairman Rob Moore. The duo knew each other well when both working at Disney.

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"This should be as easy a transtion as there is," Moore said. "I had the pleasure of working with Anthony at Disney. He's extremely talented and we're all excited to have him join our team."

Marcoly officially joins Paramount at the end of the month, with all country managers reporting to him.

Previously, Cripps' team in London oversaw international marketing; now, all global theatrical marketing will be overseen by recently promoted chief marketing officer Josh Greenstein.

The overall realignment is designed to capitalize on Paramount’s strong box office performance and enable the studio to fully capture growth opportunities in the evolving global entertainment market.

As also announced in September, the newly formed Home Media Distribution division will consolidate home entertainment, digital licensing and television licensing activities worldwide into a single organization led by Dennis Maguire.  Hal Richardson will assume the new role of President, Home Media Distribution; Amy Reinhard will become EVP General Manager of Domestic Home Media Distribution; and Wendy Ferren will become EVP General Manager of International Home Media Distribution. They will be responsible for overseeing sales, marketing and operations in their respective geographic areas.