This strikes me as very bad news indeed. Amy Israel, head of acquisition and production at Paramount Vantage, has been shown the exit. You’d think overseeing the production of such titles as “No Country for Old Men” and “There Will Be Blood,” and acquiring, among others, “An Inconvenient Truth,” would count for something. Apparently not.
Replacing Israel is Guy Stodel, a former exec from New Line. He has some history of acquiring arthouse titles (“The Sea Inside,” “The Upside of Anger”), but worryingly, his most emphasised accomplishment in the press release is having brought the two “Texas Chainsaw Massacre” remakes to fruition. Because that’s the kind of thing we’re looking for, right?
Israel’s parting statement is diplomatic, but somewhat ominous:
I’m proud of having been a part of building Paramount Vantage from the ground up under John Lesher, making great films. I love the company we built. It’s not the same company. (It) is evolving a different direction.
Truthfully, we all knew this was coming. When Vantage was incorporated into the main body of the studio last month, it was pretty obvious they wanted to broaden their focus to more commercial genre projects. Vantage president Nicholas Meyer insists specialty films will remain a priority:
Although the moves signal that Vantage is moving more in the genre direction, Meyer insists the studio is pursuing a more “eclectic and elastic” slate. “We are not abandoning the specialty business. We are too committed to it,” Meyer said. “As the company evolves, we need to morph and mutate in order to survive in a challenging environment.”