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Paramount Joins The Game
by Shankar Gupta, Friday, March 28, 2008, 2:01 PM

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Paramount recently became the second studio (after Warner Bros.) to pursue video game publisher ambitions. Yesterday in Variety, Sandi Isaacs, Paramount's senior vice president of interactive and mobile, and Matt Candler, Paramount's new vice president of interactive development, discussed the company's move into the interactive entertainment business: "We are entering into deals now where we will be publishing games this year," Isaacs said. "There's going to be a slate where in some cases we're publishing, in some cases we're co-publishing, or in others we're funding development and another publisher buys it. It's important for us to have a flexible model."

Initially, Paramount will be focusing on casual and mobile games, which will be titles with lower development costs and shorter development cycles. The studio will be well-positioned to take advantage of its stock of intellectual property and access to star talent, making the venture not entirely unlike Electronic Art's recently announced "Blueprint" group, which combines EA's IP library with Hollywood agency CAA's access to star power to develop new casual titles.

We can expect to see more movie studios moving into game publishing as video games continue to increase their influence on popular culture, and their share of leisure time. It's entirely possible that Paramount was spurred on in this endeavor by recent analyst predictions that their upcoming superhero flick, "Iron Man," may have its May 2 opening weekend torpedoed by the release of Grand Theft Auto 4, which drops only three days earlier on April 29.

It's not an unprecedented prediction. Back in October, studio execs blamed poor ticket sales for the last quarter of 2007 on the release of "Halo 3," which had nearly half of Xbox 360 owners glued to their TVs.

 

 

1 person recommends this article. 

2 comments on "Paramount Joins The Game"

  1. Andy Williams from GameJobHunter, Inc.
    commented on: April 04, 2008 at 11:20 AM
    This continues to support the thought that the video game industrys will continue to expand. With over 500 studios producing games in the US already, this number could easily jump to well over 1K in the next decade. Paramount will not regret it's decision to enter this market. This will undoubtedly create more opportunities for thosed interested in working in video games.

    Andy Williams GameJobHunter, Inc.

    Get a video game job at www.GameJobHunter.com

  2. Joe Vazquez from n/a
    commented on: March 31, 2008 at 7:45 PM
    I love the blog, i think that you do a great job of covering the news that is related to the video game industry. I am currently an Ithaca College student majoring in marketing communications, keeping my own blog at http://adsingames.blogspot.com/.

    In my blog i combine my two interests of advertising and videogames, as certainly the new wave of ads in videogames will impact my career sometime in the near future. It would be great if you had any good places i could get industry info that i could use in my future discussions

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Do you have strong opinions and inside knowledge about the topic of this article -- and do you want to share your insights, observations and points of view regularly with the readers of MediaPost? To be considered as a MediaPost contributing writer, please send pertinent info about your credentials, plus several column ideas and one example of your writing on the topic, to pfine@mediapost.com. Please see our editorial guidelines here first.

SHANKAR GUPTA
  • Former MediaPost reporter Shankar Gupta is now a Social Marketing Strategist at 360i.


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