Viacom may give MTV unit to Grey
By TIM ARANGO
New York Post
28 Jun 2006
Paramount Pictures boss Brad Grey may be on the verge of grabbing more turf.
Grey, the former talent boss who became head of Paramount last year, could add the film divisions of the MTV and Nickelodeon cable networks to his portfolio, under a plan being considered at corporate parent Viacom.
The reorganization plan — which is still being discussed between Grey and Viacom chief Tom Freston — was first reported in yesterday’s Los Angeles Times.
The film units of Nickelodeon and MTV operate as independent producers on Paramount’s lot, collecting a percentage of profits from the movies they produce.
Yet the heads of the units report to executives at the cable networks, which are based in New York, rather than to Grey.
“Paramount and MTV Networks have been working together to find an optimal new structure to bring MTV Films and Nickelodeon Movies into the Paramount Motion Picture Group,” said a spokeswoman for Paramount.
The company also envisions establishing movie units for Viacom’s other cable networks, such as BET and Comedy Central... read more...
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