Paramount cuts annual release target to 20 films
LOS ANGELES, Oct 15 (Reuters) - Viacom Inc's (VIAb.N) Paramount Pictures said on Wednesday that it had cut its release target to 20 films annually to more effectively compete in the changing marketplace and realize new operating efficiencies.
The amount from which the slate was reduced was not immediately available. (Reporting by Sue Zeidler; Editing by Lisa Von Ahn)
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