At a time when other Hollywood studios field an occasional risky bet, such as
"We never want to wake up with a big loss on an individual movie,"
The studio imposes its cost containment policy by limiting its release schedule to about 15 films a year. Paramount intends to "build a slate around the franchise movies that we control," Dauman said, adding that he was proud of a franchise film that Paramount released earlier this fall to kick off its current fiscal year:
The room fell silent. Then, after a brief pause, a few investors chuckled.
Although the sensibilities of "Bad Grandpa" might not suit every investor, they can't argue with the results. The extension of the
Dauman acknowledged that the Melrose Avenue movie studio brings in financial partners to share the financial risks of its film slate even though "we give up a lot of the upside in success. But that gives us more stability," Dauman said.
One investor asked about Paramount's spotty track record retaining relationships with big-ticket producing partners, mentioning Paramount's divorces with DreamWorks SKG and
Bruckheimer is expected to reach into Paramount's 1980s closet and pull out two of the studio's best-loved pictures -- "Beverly Hills Cop" and
"We have a wealth of franchises," Dauman said, noting the studio was preparing another installment of last summer's blockbuster, "World War Z" with Brad Pitt. Later this month, Paramount rolls out the heavily hyped "Anchorman 2: The Legend Continues" and
Paramount's financial discipline, Dauman boasted, allowed the studio to return some of the cash it generates to Viacom.
Dauman also saluted the company's cash cow television network,