Former Paramount CEO Brad Grey dead at 59

Former Paramount CEO Brad Grey dead at 59

Former Paramount CEO Brad Grey dead at 59

"Statement from his family says he had cancer", Matthew Garrahan, an editor with the Financial Times tweeted on Monday.

Grey, a prolific producer and former talent manager, is responsible for shepherding franchises like "Transformers", "Mission: Impossible", "Paranormal Activity" and the planned expansion of the "10 Cloverfield Lane" films from J.J. Abrams.

Grey, who served as the chairman and CEO of Paramount Pictures for 12 years, has died.

In a memo to the staff at the time of his departure, Grey wrote, "It has been my privilege to be a part of Paramount's storied history".

Grey also co-founded Plan B with Brad Pitt and Jennifer Aniston, but left the company for Paramount in 2005.

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In March, former Twenty-First Century Fox film studio chief Jim Gianopulos was hired to run Paramount Pictures, which is a unit of Viacom Inc VIAB.O .

Grey was also an executive producer of The Sopranos, of which he obtained two Emmys for best drama series and he also was a recipient of four Peabody Awards. "His vision and leadership at Paramount Pictures brought iconic films and programs to audiences around the world". And as he tracked new comics, he discovered his first client, the comedian Bob Saget. Show With Bob and David, The Jeff Foxworthy Show, NewsRadio, The Steve Harvey Show, Maher's Politically Incorrect and Just Shoot Me!

In 1998, while at Brillstein-Grey, Grey was famously sued for $100 million by comedian Garry Shandling (they settled out of court a year later).

Grey is survived by his wife, Cassandra Grey, their son, Jules, three children from a previous marriage, Sam, Max and Emily, his mother Barbara Schumsky, his brother, Michael Grey, and his sister Robin Grey.

A private funeral will reportedly be held later this week and a memorial service will be held in his honor in the next coming weeks.

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