Michael De Luca, who co-produced the recent Oscars telecast and was offered the No. 2 job at Paramount Pictures, has turned down the offer, according to an exclusive report by Variety.
Variety cites a source saying of De Luca, the former Sony Pictures Entertainment production boss: “Although he was very flattered and tempted, it ultimately wasn’t the right fit, and he has a great deal at Universal.”
The report notes that De Luca had been widely reported to be on the verge of taking the position under the new chairman and CEO, who is presumed to be Jim Gianopulos.
“De Luca, 51, was expected to take the title of vice-chairman and oversee production at the troubled studio, which has been mired in last place among the major studios for the last five years,” Variety adds.