Walter Hamada will lead Paramount’s horror division beginning in 2023
Walter Hamada, the previous DC Movies boss who left Warner Bros. Discovery final month, now has a number one position at Paramount. In keeping with MovieWeb, Hamada will lead Paramount’s upcoming line of horror motion pictures, which might be launched in theaters and on their streaming app.
Walter Hamada was reportedly livid after David Zaslav, the brand new Warner Bros. Discovery CEO, canceled Batgirl for a tax write-off. Experiences on the time mentioned that Hamada nearly left instantly after listening to the information. Rumors later emerged that he would stick round till after the discharge of Black Adam. The rumors seem to have been true since Hamada left the identical week that the movie was launched.
Hamada’s new position at Paramount comes quickly after the studio launched Smile, which price the studio $17 million to make and made again $209 million. Paramount now plans to launch a number of horror motion pictures annually to capitalize on that success.
These movies will all characteristic decrease budgets than Hamada’s DC Blockbusters. That is in an obvious try to attenuate threat and create a excessive return on funding, which Smile proved was potential.
Hamada isn’t any stranger to horror, having produced a number of horror movies at New Line Cinema. He’s listed as an govt producer for The Conjuring, Annabelle, The Gallows, The Conjuring 2, Lights Out, It, and The Nun.
Hamada joined DC after the studio suffered from years of floundering motion pictures that by no means fairly hit the mark DC. For every monetary and significant success equivalent to Aquaman and Marvel Girl, there have been vital failures and field workplace misses.
Earlier than Hamada, the DCEU famously tried to comply with the instance set by the Marvel Cinematic Universe. The movies tried to construct up new characters, with the objective of making an ensemble movie that might be a serious field workplace success. Sadly the ensuing movie, Justice League, largely upset followers.
Underneath Hamada, DC’s movies tended to be extra insular. 2019’s Joker, 2021’s The Suicide Squad and 2022’s The Batman didn’t try and share a related universe, focusing as a substitute on particular person tales and their characters. Whereas the outcome has led to extra vital acclaim, the field workplace returns remained a combined bag.
Throughout his tenure at DC, Hamada attracted controversy. Ray Fisher, who performed Cyborg in Justice League, accused Hamada of utilizing his govt energy to guard his colleagues. In keeping with Fisher, Hamada tried to brush disgraced director Joss Whedon’s alleged abuses underneath the rug and had Fisher investigated after reporting allegedly racist conduct.
Following Walter Hamada’s exit, David Zaslav appointed director James Gunn and producer Peter Safran as the brand new heads of DC. Each new leaders have familiarity with the franchise, and with Hamada’s work. Safran labored with Hamada to provide Aquaman, Shazam!, and The Suicide Squad, and in addition labored with him on a number of horror motion pictures at New Line. James Gunn, who’s most well-known for his widespread Guardians of the Galaxy motion pictures at Marvel, directed the critically acclaimed The Suicide Squad, although that movie’s field workplace returns fell wanting projections.