Brad Grey’s job as CEO is to produce a cost-effective product that sells and produces profits for the shareholder. Viacom may have had a profitable last quarter but it certainly wasn’t due to STID and WWZ. Grey is the one who greenlit those movies at a cost of $315M each. $190M production and another $125M marketing.
STID was $150M short of breakeven in box office receipts. They will make some of that up in aftermarket. WWZ was $50M short of breakeven and will make some or most of that up in aftermarket but there won’t be much profit, if any.
So Brad Grey failed in his mission to produce a cost-effective product and 110 people are now without jobs. I’m pretty sure Grey won’t be taking a paycut, he’ll probably even get rewarded for making these cuts with additional stock options.
By the way, how does one NOT make money on Star Trek given the following it has?