Paramount to cut 110 positions, 5 pct of workforce

Paramount to cut 110 positions, 5 pct of workforce

Posted: Updated:
LOS ANGELES (AP) - Viacom Inc.'s movie studio, Paramount Pictures, is cutting 110 positions worldwide in a reorganization that the company says will help it adapt to increasing competition.

Paramount Chief Operating Officer Frederick Huntsberry announced the move in a memo to staff on Tuesday.

The job reductions amount to about 5 percent of Paramount's workforce of 2,200 and are being made across several departments including finance, international home media distribution and marketing.

Shares in New York-based Viacom rose 75 cents, or almost 1 percent, to $84.33 in regular-session trading. They tacked on another 3 cents after hours.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • EntertainmentMore>>

  • Dave Grohl, wife welcome daughter

    Dave Grohl, wife welcome daughter

    Third time's a charm for rocker Dave Grohl and his wife Jordyn Blum, who welcomed their third daughter recently, People reports.
    Third time's a charm for rocker Dave Grohl and his wife Jordyn Blum, who welcomed their third daughter recently, People reports.
  • Bieber protege Madison Beer performs 'Unbreakable'

    Bieber protege Madison Beer performs 'Unbreakable'

    Friday, August 22 2014 10:23 AM EDT2014-08-22 14:23:41 GMT
    Long Island native Madison Beer seems to be walking the same path to super-stardom as her mentor - and the person who discovered her- Justin Bieber. The pop star was on YouTube one day and found a video of Beer singing 'At Last' by Etta James. "I posted a YouTube video when I was 12 about to turn 13 and then Scooter and Justin had gotten in contact with my mom. She was like you're Justin  Bieber, right, right," said Beer about the moment that changed her life.
    Long Island native Madison Beer seems to be walking the same path to super-stardom as her mentor - and the person who discovered her- Justin Bieber. The pop star was on YouTube one day and found a video of Beer singing 'At Last' by Etta James. "I posted a YouTube video when I was 12 about to turn 13 and then Scooter and Justin had gotten in contact with my mom. She was like you're Justin  Bieber, right, right," said Beer about the moment that changed her life.
  • Billy Crystal will lead Robin Williams tribute at the Emmy Awards

    Billy Crystal will lead Robin Williams tribute at the Emmy Awards

    Billy Crystal will deliver the tribute to Robin Williams at the Primetime Emmy Awards on Monday.
    Billy Crystal will deliver the tribute to Robin Williams at the Primetime Emmy Awards on Monday.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices