He returned to Columbia last year to replace Dawn Steel.
"Nothing is updated except the look," said Dawn Steel, president of production at Paramount.
In 1985, Dawn Steel became head of Motion Picture Production.
He was previously married to Dawn Steel.
Indeed, for the producer Dawn Steel, who died late last year of a brain tumor, the film exerted a powerful pull.
He was married to Dawn Steel from 1985 until they divorced in 1997.
Puttnam was succeeded by Dawn Steel, the first woman to run a Hollywood motion picture studio.
Dawn Steel attended New York University but did not graduate.
In April 1996, Dawn Steel was diagnosed with a brain tumor.
Mr. Price replaces Dawn Steel, who had resigned as the head of the studio earlier this year.