Former DC Movies President Walter Hamada inks a multi-year cope with Paramount Footage

Walter Hamada, who not too long ago left his place as President of DC-Based mostly Movie Manufacturing at Warner Bros. Footage, is getting a brand new gig. The mastermind behind many superhero-centric movies inked an unique, multi-year manufacturing cope with Paramount Footage. Hamada’s new place goes into impact on January 1, 2023. At the moment, Hamada will take the reigns of the studio’s mainstream horror arm to launch a number of low-to-mid-budget movies yearly throughout theatrical and streaming platforms.

“Together with his monitor report for groundbreaking success, Walter is the perfect companion and visionary to construct out our mainstream horror style franchise enterprise,” mentioned Paramount Footage President and CEO Brian Robbins. “As evidenced by the improbable efficiency of Smile, there’s a large urge for food for authentic, high-concept storytelling within the world market, and we look ahead to a protracted and profitable partnership.”

Beneath Hamada’s management, DC Movies skilled large success with options like Aquaman and Joker, incomes over $1 billion worldwide. He was additionally the driving pressure behind movies like Black Adam, The Suicide Squad, Surprise Girl 1984, and Shazam! Earlier than Hamada left DC, he helped carry The Flash, Aquaman and the Misplaced Kingdom, and Shazam: Fury of the Gods to fruition. With so many blockbusters beneath his belt, Paramount hopes Hamada will generate the identical success for modestly-budgeted horror movies on the studio.

“I’m thrilled to collaborate with Paramount Footage with the singular purpose of making distinctive motion pictures within the horror style,” mentioned Hamada. “Over the course of my profession, nothing has been extra gratifying than discovering rising, first-time filmmakers and writers and unleashing their brilliance in a studio setting. Thanks to Brian and your entire group at Paramount Footage for this large alternative, I can’t wait to get began.”

What do you consider Hamada taking on a brand new place at Paramount? Will his expertise serve the studio effectively in its mission to provide extra horror motion pictures for an affordable quantity of {dollars}? Horror is a style that doesn’t want boatloads of money to get the job accomplished, and Hamada strikes me as an individual who is aware of stretch a funds. Let’s see what he’s obtained, lets?