The movie executive's wife Cassandra Huysentruyt Grey gave birth to the couple's son in Los Angeles on Thursday morning (03Sep15).

Little Jules Andrew Grey entered the world at Cedars-Sinai Medical Center.

The new dad, who is Paramount's chairman and CEO, has three grown-up children from his previous marriage to Jill Gutterson.

Grey also co-founded production company Plan B Entertainment with Jennifer Aniston and Brad Pitt.