Paramount Film Studio A Crisis of Corporate

On the surface, this appeared to be a coup for Paramount, which has struggled in recent years for success at the box office. In fact, however, the action appears to have been something of a desperation move (Epstein, 2005). A new top management at Paramount, installed by Viacom's Sumner Redstone, cancelled most of the projects accepted by the previous management. This action turned out to leave Paramount with very little in the "pipeline" of forthcoming films, and it bought Dreamworks largely in order to provide itself with something to sell over the next two years.

Epstein noted in December, 2005, that Paramount would in effect become Dreamworks, even though most of the Dreamworks people would lose their jobs. As it turns out (by personal communication from a former Paramount executive who understandably wishes to remain anonymous), it is instead Paramount's organizational structure that will be eviscerated, with consolidations of positions favoring those who came over from Dreamworks.

In order to understand the implications for institutional culture, it is necessary to say some

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Some common words found in the essay are:
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Approximate Word count = 1000
Approximate Pages = 4 (250 words per page)