Paramount Residuals VP Kathie Hoops Dies at 66

Kathie Hoops, a distinguished financial executive at Paramount Pictures, passed away on July 31 at the age of 66. She died in Woodland Hills after a courageous battle with cancer.

For nearly four decades, Hoops was a central figure at Paramount, spending 30 of those years as the vice president of residuals. Her responsibilities included overseeing the setup, data security, calculations, and distribution of residual payments for all films produced or acquired by the studio.

Beyond her operational duties, Hoops played a crucial role in analyzing and advising on residual formulas during collective bargaining negotiations and financial planning. She was also directly involved in the creation and implementation of a new software system for residual payments, a testament to her forward-thinking approach.

Born Kathleen Sullivan in October 1959, she earned her accounting degree in 1982. Hoops began her career in 1984 and transferred to Paramount in Los Angeles in 1986, eventually rising to vice president of residuals in 1994. She remained a respected industry expert and mentor until her departure from the company in April 2024 amid downsizing. She is survived by her husband, children, and siblings.