LANSING TO STEP DOWN
Copyright 2004 www.tombraiderchronicles.com
[ November 3rd 2004 ]
Lansing, who broke Hollywood's glass ceiling by
becoming the first woman to head production at
a major studio, will step down as chairman of
Paramount Pictures next year, Paramount's parent
company Viacom Inc. said on Tuesday. Lansing,
one of the most powerful executives in Hollywood
and a model for women in the industry, will leave
at the end of 2005 when her contract expires and
after she helps the company find a successor,
the statement said.
a statement, Lansing said, "After a great deal
of thought, I informed Tom Freston (Viacom co-president
and her boss) that I do not intend to renew my
contract. In order to effect a smooth transition,
I wanted to inform the company of my decision
and give them adequate time to find a successor."
Lansing added, "I'll have been in this job for
12 years and have had the opportunity and the
privilege to work with the very best the entertainment
industry has to offer... But now is the time for
new challenges. I am extremely excited about the
months ahead and planning the next chapter in
60-year-old executive, who played a prominent
role in getting such films as "Forrest Gump,"
"Titanic" and 'Fatal Attraction" made, became
the first female head of production at a studio
in 1980 when she was named president of 20th Century
Fox. In 1992 she was named chairman and chief
executive officer of Paramount Pictures. In 1994
she scored a major hit with "Forrest Gump" and
in 1997 the studio shared a huge profit "Titanic."
But in the last two years, Paramount's fortunes
have suffered because of a string of flops that
included "The Stepford Wives,' "The Four Feathers,"
"Narc," and "Lara Croft Tomb Raider: The Cradle