Bob Buchi is stepping down as president of worldwide dwelling leisure at Paramount.
The Hollywood studio’s chief content material licensing officer, Dan Cohen, advised Paramount Footage staffers through an inner memo obtained by The Hollywood Reporter. “In his 18 years with the group, Bob’s huge contributions have included quite a few revolutionary methods that demonstrated his experience at adapting to a consistently evolving panorama,” Cohen wrote.
Additionally departing Paramount is Craig White, who served as government vp, worldwide gross sales and distribution for dwelling leisure. As a part of a restructuring within the dwelling leisure division, Andres Alvarez is ready to return on board from July 15 within the new function of government vp, head of dwelling leisure.
Alvarez involves Paramount dwelling leisure distribution from Amazon MGM Studios the place he was most just lately head of digital distribution, overseeing that studio’s world transactional enterprise and home AVOD and FAST distribution. “Andres is a digital power and extremely centered, forward-thinking government with exceptional perception and a strategic thoughts that’s revered all through the business,” Cohen added about Alvarez.
The departure of a division president, to get replaced by an government vp, is partly a cost-cutting transfer at Paramount after a brand new trio of executives – George Cheeks, president and CEO of CBS; Chris McCarthy, president and CEO of Showtime/MTV Leisure Studios; and Brian Robbins, president and CEO of Paramount Footage – just lately took over the working of the Hollywood studio.
The total memo from Dan Cohen to Paramount Footage staffers follows:
All,
I wish to share an essential management replace with you. Andres Alvarez can be becoming a member of the corporate to steer our Dwelling Leisure division in his new function as EVP, Head of Dwelling Leisure. Andres joins us from Amazon MGM Studios the place he most just lately served as Head of Digital Distribution, answerable for the worldwide transactional enterprise, in addition to home AVOD/FAST distribution.
Andres is a digital power and extremely centered, forward-thinking government with exceptional perception and a strategic thoughts that’s revered all through the business. I’ve personally identified him for over ten years, we at the moment serve on the Digital Leisure Group (DEG) Board of Administrators collectively, and I’ve little doubt that together with his expertise throughout digital, distribution, and gross sales, he’ll convey unimaginable worth to our group.
Previous to Amazon, he was SVP of Digital Distribution at MGM. Earlier than becoming a member of MGM, Andres led home content material licensing and account administration for the worldwide digital platforms at 20th Century Fox (now 20th Century Studios.) Earlier to Fox, he managed the Americas content material partnerships group for Google Play/YouTube Motion pictures & TV. Andres additionally labored at Dolby Laboratories, Finest Purchase CinemaNow, and Napster in numerous content material / enterprise improvement roles. Earlier than getting into the digital media house, Andres practiced regulation on the corporations of Latham & Watkins LLP in New York and Mitchell Silberberg & Knupp LLP in Los Angeles. He has practically 20 years of expertise throughout dwelling leisure, content material acquisition, digital media and enterprise improvement.
With this information, Bob Buchi has determined to exit the corporate and his function as President of Worldwide Dwelling Leisure. In his 18 years with the group, Bob’s huge contributions have included quite a few revolutionary methods that demonstrated his experience at adapting to a consistently evolving panorama. That ability was on full show when he and his group propelled High Gun: Maverick to grow to be essentially the most profitable Digital launch of all time. All through his tenure, Bob has fostered invaluable partnerships throughout the business whereas constructing a best-in-class group and we’re grateful for his a few years of service and business management.
I additionally wish to take a second to let you recognize that Craig White may even be departing the corporate in his function as EVP, Worldwide Gross sales & Distribution for Dwelling Leisure, and we thank him for his many contributions and need him one of the best. Andres will begin in his new function on July 15th, with Bob staying on throughout this transition. Please be a part of me in welcoming Andres and thanking Bob and Craig for his or her many contributions.
–Dan