Viacom

Brad Grey expected to exit Paramount Pictures in an overhaul of the struggling studio

Brad Grey expected to exit Paramount Pictures in an overhaul of the struggling studio

Paramount Pictures Chairman Brad Grey is preparing to leave his job, ending months of speculation about his future as Bob Bakish, the CEO of parent company Viacom Inc., moves aggressively to revive the long struggling studio.

Grey, who has led the storied movie company for 12 years, is in negotiations with Viacom to exit after a long period of financial woes at Paramount Pictures, according to three people briefed on the matter who were not authorized to comment on the situation. The company could announce his resignation as early as next week, one of the people said.

The planned departure is the latest management shakeup at a major Hollywood studio as fewer...

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