Change is coming.
According to Deadline, Sean Bailey, who has served as Walt Disney’s President of Motion Picture Studios for 15 years, is leaving the company.
It’s unclear where Bailey will go next, but his role at the House of Mouse won’t be left vacant.
In a surprising move, David Greenbaum, who currently serves as the co-president at Searchlight, will fill in Bailey’s shoes. However, he’ll now serve as the president of both Disney’s live-action division AND 20th Century Studios.
The new title will be called President, Disney Live Action and 20th Century Studios. He’ll report to Disney Entertainment co-chairman Alan Bergman.
Make no mistake. Steve Asbell, the President of 20th Century Studios, will keep his job. He’ll just now report to Greenbaum.
“These 15 years at Disney have been an incredible journey, but the time is right for a new chapter. I’m deeply grateful to my exceptional team and proud of the slate and history we’ve built together,” Bailey said in a statement. “I joined Disney while producing Tron: Legacy, so it seems fitting that I will have the opportunity to work on the latest Tron as I depart. I wish Bob Iger, Alan Bergman, and all my amazing colleagues the very best for a bright future.”
Ahead of accepting his new role, Greenbaum also released a statement thanking Bob Iger and Alan Bergman for their faith in him.
“I want to thank Bob Iger and Alan Bergman for the extraordinary opportunity to continue the legacy of fabled and groundbreaking storytelling at both Disney and 20th Century – it’s an honor and responsibility I don’t take lightly,” he said. “I’m eager to get to work with Steve Asbell and the teams. At the same time, the last 14 years working alongside and in partnership with my dear friend and colleague Matthew Greenfield have been unforgettable – Searchlight and the incredible team there remain the gold standard for quality in our business, and I look forward to watching their continued success in the years to come.”
SOURCE: Deadline
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