To that end, Paramount is outright rejecting the streaming approach of some of its competition, instead opting to embrace the theatrical experience in a major way. That, surely, will be music to the ears of moviegoers – and Tom Cruise – who consider the cinema to be hallowed ground in uncertain times.

With Top Gun 3 still in the running at the revamped Paramount, all eyes have turned back to the film's development and script-writing process. Ehren Kruger is penning the script for Kosinski's threequel, and the director recently teased fans with what they can expect from Maverick's not-so-triumphant return.

Ellison and his top executives hosted a meet-and-greet with journalists on the storied Melrose Lot Wednesday to further discuss their plans for Paramount Pictures and CBS.