Walter Hamada is joining Paramount after spending the last four years as the president of DC Films.

Former DC Films president Walter Hamada has signed a multi-year deal with Paramount Pictures, the studio announced on Tuesday. Under the terms of the deal, Hamada is set to lead Paramount’s mainstream genre horror movies beginning on January 1, 2023.

Paramount’s Brian Robbins and Walter Hamada comment on the deal

“With his track record for groundbreaking success, Walter is the ideal partner and visionary to build out our mainstream horror genre franchise business,” said Brian Robbins, President and CEO of Paramount Pictures. “As evidenced by the fantastic performance of Smile, there is a tremendous appetite for original, high-concept storytelling in the global marketplace, and we look forward to a long and successful partnership.”

Walter Hamada added: “I am thrilled to collaborate with Paramount Pictures with the singular goal of creating exceptional movies in the horror genre. Over the course of my career, nothing has been more gratifying than discovering emerging, first-time filmmakers and writers and unleashing their brilliance in a studio setting. Thank you to Brian and the entire team at Paramount Pictures for this tremendous opportunity, I can’t wait to get started.”

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Walter Hamada kicked off his tenure as the head of DC Films with the release of 2018’s Aquaman, which is currently the highest-grossing DC Comics movie to date with earnings north of $1.4 billion globally. He left his post at DC Films this past October, just before the release of the Dwayne Johnson starrer Black Adam.

Warner Bros. Discovery replaced Walter Hamada with James Gunn and Peter Safran, with two now leading the studio’s DC Studios division, which has replaced DC Films. However, WBD’s four 2023 DC Universe releases — Shazam! Fury of the Gods, The Flash, Blue Beetle and Aquaman and the Lost Kingdom — were all overseen by Hamada.

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