Paramount Co-CEO Brian Robbins' Exit Memo Praises Staff During “Major Industry Evolution”, Talks Why Theatrical Matters & “Bittersweet” Transition

Core Insights - Brian Robbins has officially departed from his roles as co-CEO of Paramount Global and President and CEO of Paramount Pictures and Nickelodeon, marking the end of a significant tenure that began in 2017 [1][9] Company Performance - During Robbins' leadership, Paramount Pictures achieved 17 No. 1 box office releases, including six in 2022, contributing to one of the studio's most successful years, highlighted by "Top Gun: Maverick," which grossed nearly $1.5 billion globally [1][12] - The studio expanded its franchises, including "Sonic the Hedgehog," "A Quiet Place," "Mission: Impossible," and "Teenage Mutant Ninja Turtles," with the latter two generating over $2.5 billion in consumer products revenue in 2023 [1][12] Production and Development - Robbins' administration secured production deals with notable filmmakers and talent, including John Krasinski, Ryan Reynolds, and Damien Chazelle, enhancing the studio's creative output [2] - Upcoming projects include a variety of films such as "A Quiet Place Part III," "Teenage Mutant Ninja Turtles: Mutant Mayhem" sequel, and a biopic of Evel Knievel starring Leonardo DiCaprio [4][5] Nickelodeon Achievements - At Nickelodeon, Robbins oversaw the successful anniversaries of "SpongeBob SquarePants" and "Dora the Explorer," while expanding the franchise with new shows and films [7][13] - The network innovated its relationship with sports, introducing AR-driven NFL broadcasts and achieving significant engagement with younger audiences during major sporting events [8][13] Future Outlook - The company is positioned for continued success with a strong pipeline of projects and leadership transition, as Robbins expressed confidence in the incoming team from Skydance [14]