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Originally Posted by Deberg_1990
I Thought Tarantino killed this or Paramount did?
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Viacom/CBS has put everything on hold (which essentially means, cancelled) because they just hired a new person to run their Paramount Pictures division.
It's been standard practice for decades that when a president of a film studio or record company is hired, Job One is cut every unnecessary and locked deal and start from scratch. I have scores of friends that had record deals in the 80's and 90's whose albums were in the can and generally cost more than $1 million to make that were immediately tossed in the trash when a new president took over the reigns.
Paramount Pictures and Emma Watts just did the same exact thing this week: They started cutting films from their Annual Budget and Planning..
No one wants to take on their predecessor's projects because the new person didn't Greenlight them and doesn't want their legacy to be tainted or tarnished by someone else's decisions.