Paramount Pictures is downsizing 2-year-old Paramount Vantage, merging it more tightly with its parent studio, according to The Hollywood Reporter.

While Vantage will continue as a production label under president Nick Meyer, the functions of Vantage's marketing, distribution and physical production departments are merging with the corresponding departments at Paramount. Three senior positions are being eliminated, including that of Vantage distribution executive vp Rob Shulze.