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The LA Times reports: “From the outside, Hollywood looks like a thriving town with massive blockbusters and growing box-office revenue. But pull back the curtain and the legacy movie business is under siege, contributing to the highest level of executive churn in years. Three of the six major studios — Paramount, Sony and Fox — have removed or replaced their top executives in the last year. Jim Gianopulos, the longtime head of the 20th Century Fox movie studio, lost his job. Paramount Pictures Chairman Brad Grey was pushed out. Michael Lynton resigned last month as chief executive of Sony Pictures Entertainment. Warner Bros., Walt Disney Co. and Lionsgate have also made high-level changes.”

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