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Paramount Pictures' official explanation for the ''Shutter Island'' delay (with annotations)

Shutter-island-11 Here is the statement that was just released by Paramount Pictures chairman and CEO Brad Grey regarding the last-minute decision to bump Martin Scorsese's Shutter Island to 2010 (complete with my interpretations of what Grey really means to say):

"Our 2009 slate was greenlit in a very different economic climate and as a result we must remain flexible and willing to recalibrate and adapt to a changing environment."

Translation: G.I. Joe: The Rise of Cobra didn't make us enough money.

"This is a situation facing every single studio as we all work through the financial pressures associated with the broader downturn."

Translation: We spent way too much on Star Trek. Plus I knew we should have never given Bay that back-end deal on Transformers 2.

"Like every business, we must make difficult choices to maximize our overall success and to best manage Paramount's business in a way that serves Viacom and its shareholders, while providing the film with every possible chance to succeed both creatively and financially."

Translation: Shutter Island is not going to win us any Oscars. Up in the Air and The Lovely Bones are going to win us Oscars. So why bother to release it this year? 

"Martin Scorsese is not just one of the world's most significant filmmakers, but also a personal friend."

Translation: Remember Bringing Out the Dead, Marty? Remember that one? I told you we'd get you back.


"Following a highly successful 2009, we have every confidence that Shutter Island is a great anchor to lead off our 2010 slate and the shift in date is the best decision for the film, the studio and ultimately Viacom."

Translation: We've got Iron Man 2, Footloose and The Last Airbender in 2010. We can take a chance on you then.


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to suggest that Paramount hasn't made enough money this summer is just crazy. Shutter Island was moved to milk a bit more money out of it or because it sucks not because Paramount needs the cash, they took a bath in billions of dollars this year.

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