Dennis Maguire upped at Paramount
Named worldwide president for home entertainment divisionParamount Home Entertainment international president Dennis Maguire has been promoted to worldwide president.
The studio's domestic video post has been vacant since Kelley Avery resigned in May. Maguire has been Paramount's international topper since arriving from Disney in 2006.
Reporting to studio vice chairman Rob Moore, Maguire will oversee home video sales, marketing and distribution for Paramount's motion picture group in the U.S. and in the division's 12 offices in other territories.
"There's never been a more volatile time, with more changes, in home video," Moore said Thursday. "I've known Dennis for a long time, both here and at Disney, and I think he has the broad skills required on both the domestic and international side as we continue to reassess how to take as much cost as possible out of the supply chain and how to maximize revenue."
Knocking down reports this summer that Paramount was considering merging its video operations with Sony or Fox, Moore said: "We never considered any kind of extreme joint venture. Home video is still a giant piece of our business and not something we want to offload to another studio."
One of Maguire's first orders of business will be evaluating the studio's trial deal with Redbox by the end of the year. Maguire said he looks forward to reconnecting with domestic distribution in assuming his worldwide mandate.
"I'm thrilled to be back in the domestic business," Maguire said. "I spent 19 years of my career at Disney in the domestic business."
Maguire spent 23 years at Buena Vista Home Entertainment, including four years as president of its international operations, before joining Paramount. In 2007, his team achieved $1 billion in revenue for the first time.
Also at Paramount, Maguire struck partnerships in Russia and China with Universal and Warners, respectively.
Carl DiOrio contributed to this report.