Matalon to exit as Regency CEO

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David Matalon is leaving his post as CEO of Regency Enterprises, opting to establish his own production company on the Fox lot. The longtime executive will step down July 1 but will remain on the board to assist the company during its transition.

Matalon, one of the founders of TriStar Pictures, has run day-to-day operations at Regency for the past 12 years. Under his tutelage, Regency has become one of the largest indie film studios, producing such films as "L.A. Confidential," "Heat" and more recently "Mr. & Mrs. Smith" and "Epic Movie."

"I'm entering the third act of my life, and I want to spend the third act doing things I love — and I love film," Matalon said. "When you run a company, you are far removed from the agony and the ecstasy of making films."

Matalon intends to produce for Regency, though the deal won't be exclusive.

"David has been a personal friend and a close collaborator for many years," Regency founder Arnon Milchan said. "I look forward to a prolific relationship with him and his production company and what I am certain will be an exciting slate of pictures."

Matalon began his career with Columbia Pictures International, advancing to executive vp of the company, before leaving to co-found and serve as president of TriStar Pictures.

After leaving TriStar, he became an indie producer, making such films as the early Leonardo DiCaprio movie "What's Eating Gilbert Grape"; the Bruce Willis starrer "Color of Night"; "Hear No Evil," featuring Marlee Matlin; and "Breaking Up," starring Salma Hayek and Russell Crowe.

During Matalon's dozen years at Regency, the company signed an exclusive 15-year pact with 20th Century Fox.

Fox Filmed Entertainment chairmen Jim Gianopulos and Tom Rothman said: "David Matalon is one of a rare breed of movie giants: smart, wise, creative, with great integrity and, above all else, a gentleman. David has been a good friend and a terrific partner over the years. Under his leadership at Regency, we've shared in tremendous successes and now we look forward to working with him in this new chapter of his career."
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