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Oscar-Hungry Brad Grey Hatches Plan B

Oct. 27 2008, Published 7:07 a.m. ET

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TENACIOUS B Brad Grey Paramount chief Brad Grey's campaign to hedge his bets at the Academy Awards is generating some Oscar-worthy drama.

On the big day, Grey will presumably be rooting for Paramount's Babel to take home Best Picture. But if he has his way, he'll also take the stage if The Departed wins—Grey was credited as a producer on that film for his role in acquiring the rights to the South Korean original, Infernal Affairs, and negotiating deals to bring Jack Nicholson, Leonardo DiCaprio, and Matt Damon on board.

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But Grey's involvement ended when he was named chief of Paramount, shortly before director Martin Scorsese started filming for rival studio Warner Bros.

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