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DELINE SEEKING BIG PAY-OFF AT PARAMOUNT Monday, March 28 2005 
Angered
by
the
manner
in
which
he
was
summarily
replaced
after
only
14
months,
Paramount
President
Donald
DeLine
is
reportedly
demanding
a
multimillion-dollar
termination
settlement,
published
reports
said
over
the
weekend.
According
to
the
Los
Angeles
Times,
DeLine
learned
that
his
job
had
been
offered
to
former
Fox
Entertainment
chief
Gail
Berman
from
studio
associates,
not
from
newly
appointed
studio
chief
Brad
Grey.
The
Times
also
quoted
an
unnamed
studio
veteran
as
saying
that
"a
(more)BRAD GREY GOES ON BIDDING WAR FOR PARAMOUNT PRODUCT Monday, March 28 2005 
Given
apparently
unlimited
resources,
newly
appointed
Paramount
chief
Brad
Grey
has
been
aggressively
bidding
against
rivals
for
high-profile
movie
projects,
successfully
landing
some
for
Paramount,
but
also
forcing
other
studios
to
pay
twice
what
they
had
expected
for
others,
the
New
York
Times
reported
today
(Monday).
In
an
interview
with
the
newspaper,
media
analyst
Hal
Vogel
remarked:
"It's
open
checkbook
season
where
anything
goes
and
executives
are
saying,
'Let's
get
on
the
map.
...
It's
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Paramount's new regime under CEO Brad Grey has decided to shut down production of its costly Watchmen feature at Pinewood Studios near London and move it to a different country. Producer Lloyd Levin told the British trade publication Screen Daily that the decision to move the $120-million production was due to "the expense of shooting in the UK with the [unfavorable] exchange rate and the loss of certain rebates." Pinewood Shepperton, the company that owns Pinewood Studios, recently said that several productions had been put on hold because of the British government's decision to alter its tax incentives to filmmakers. Shares in Pinewood Shepperton plummeted 15 percent on word of the Watchmen pull-out. The company issued a statement saying that it "will seek to procure alternative customers for the stages but is unlikely to be able to recover all the anticipated shortfall."
