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Paramount Pictures film President Adam Goodman is said to be exiting

Paramount Pictures film group president expected to leave soon, despite more than a year left on his contract

Adam Goodman is leaving his job as the president of Paramount Pictures' film group, according to a person close to the studio. 

The Viacom-owned movie studio's domestic box-office market share has shrunk in recent years, and in 2014 ranked last among the six major studios in ticket sales, according to Box Office Mojo.

Its movies grossed about $1 billion in ticket sales from the U.S. and Canada last year, according to the film data website. 

A person familiar with the situation said the company is "reviewing its creative organization." Despite having more than a year left in his contract, Goodman is expected to leave soon. It is unclear who will replace him.

A Paramount spokesperson said the company does not comment on employee matters. 

Goodman came to Paramount Pictures in 2008. In 2009, he took on the film group president role, replacing John Lesher, who was fired. Before Paramount, Goodman was president of production at DreamWorks. 

Under Goodman, Paramount has released hits such as "World War Z" and the "Teenage Mutant Ninja Turtles" reboot. The studio also took on the lucrative "Paranormal Activity" franchise. 

Its biggest film last year was "Transformers: Age of Extinction," which grossed $1.09 billion worldwide with the help of huge sales overseas, especially in China. It also released "Selma," which was nominated for a best picture Oscar. 

This year, the studio has enjoyed a hit in "The SpongeBob Movie: Sponge Out of Water," but it also has had misses in "Project Almanac" and "Hot Tub Time Machine 2." 

Viacom, Paramount’s parent, last month told Wall Street that it plans widespread restructuring that will lead to job cuts. It was unclear whether Goodman's departure is related to cost-cutting at the company.

Viacom has been grappling with lower ratings at its key television networks, including MTV, Comedy Central and Nickelodeon, and company executives are intent on reducing expenses.

The Viacom filmed entertainment unit reported a $60-million operating loss in the October-December 2014 quarter on $720 million in revenue.

Los Angeles Times staff writer Meg James contributed to this report. 

Follow Ryan Faughnder on Twitter for more entertainment business coverage: @rfaughnder

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