Walter Hamada, who recently left his position as chairman of DC based film production on Warner Bros. Pictures, gets a new gig. The mastermind behind many superhero-centric films entered into an exclusive, multi-year production deal Paramount pictures. Hamada’s new position will take effect on January 1, 2023. At that time, Hamada will take the helm of the studio’s mainstream horror arm to release several low- to medium-budget films annually across theatrical and streaming platforms.
“With his track record of groundbreaking success, Walter is the ideal partner and visionary to build our mainstream horror genre franchise business,” said Paramount Pictures President and CEO Brian Robbins. “As evidenced by the amazing performance of smile, there is a huge appetite for original, high-concept storytelling in the global marketplace, and we look forward to a long and successful partnership.”
Under Hamada’s direction, DC Films saw tremendous success with features such as Aquaman and Joker, grossing over $1 billion worldwide. He was also the driving force behind films such as Black Adam, The Suicide Squad, Wonder Woman 1984, and Shazam! Before Hamada left DC, he helped bring The lightning, Aquaman and the Lost Kingdomand Shazam: Wrath of the Gods for execution. With so many blockbusters under his belt, Paramount hopes that Hamada will create the same success for the studio’s modestly budgeted horror films.
“I am thrilled to partner with Paramount Pictures with the singular goal of creating exceptional films in the horror genre,” Hamada said. “Throughout my career, nothing has been more gratifying than discovering new, first-time filmmakers and writers and unleashing their brilliance in a studio environment. Thanks to Brian and the entire team at Paramount Pictures for this amazing opportunity, I can’t wait on it.”
What do you think of Hamada taking a new position at Paramount? Will his experience serve the studio well in its mission to produce more horror films for a fair amount of dollars? Horror is a genre that doesn’t need lots of cash to get the job done, and Hamada strikes me as someone who knows how to stretch a budget. Let’s see what he’s got, shall we?