Paramount Vantage (originally known as Paramount Classics) is the specialty film division of Paramount Pictures (which, in turn, has Viacom as its parent company), charged with producing, purchasing, distributing and marketing films, generally those with a more "art house" feel than films made and distributed by its parent company.
Paramount Classics was launched in 1998 and released such art house fare as The Virgin Suicides, You Can Count on Me, Sunshine, Mostly Martha, Winter Solstice, and three Patrice Leconte films (Girl on the Bridge, The Man on the Train, Intimate Strangers). Although film journalist David Poland felt "Ruth Vitale and David Dinerstein have proven to have wonderful taste heading up Paramount Classics,", the duo was fired in October 2005.
In 2006, the Paramount Vantage brand branched off from Paramount Classics, which was relaunched in 2007 as a distributor of "smaller, review-driven films including foreign-language acquisitions and documentaries."
In 2007, Paramount Vantage co-produced No Country for Old Men and There Will Be Blood with Miramax Films. The partnership paid off when both films were nominated for the Academy Award for Best Picture at the 80th Academy Awards, with the former film winning. The two won a combined six awards, including the Academy Award for Best Actor for Daniel Day-Lewis in Blood and the Academy Award for Best Supporting Actor for Javier Bardem in No Country.
Despite its critical success, Paramount Vantage continually failed to deliver the financial returns Paramount Pictures expected. Only No Country for Old Men made a profit, while films that should have generated significant returns failed to deliver through either poor or excessive marketing.
In June 2008, Paramount Pictures consolidated Paramount Vantage’s marketing, distribution, and physical production departments into the parent studio, while retaining the Paramount Vantage brand to develop and acquire specialty product with dedicated creative staff.
Read more about Paramount Vantage: Paramount Classics Releases, Paramount Vantage Releases, See Also
Famous quotes containing the words paramount and/or vantage:
“If all political power be derived only from Adam, and be to descend only to his successive heirs, by the ordinance of God and divine institution, this is a right antecedent and paramount to all government; and therefore the positive laws of men cannot determine that, which is itself the foundation of all law and government, and is to receive its rule only from the law of God and nature.”
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“My position is a naturalistic one; I see philosophy not as an a priori propaedeutic or groundwork for science, but as continuous with science. I see philosophy and science as in the same boat—a boat which, to revert to Neurath’s figure as I so often do, we can rebuild only at sea while staying afloat in it. There is no external vantage point, no first philosophy.”
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