Weinstein Co. Executives Exit Posts in Realignment
The Weinstein Co. is undergoing an executive shakeup in the new year, with production president Donna Gigliotti and longtime acquisitions head Peter Lawson departing their posts, The Hollywood Reporter has confirmed.
At the same time, the acquisition and production departments of the New York-based minimajor will be merged and overseen by Dylan Sellers, formerly an executive at Bob Shaye’s Unique Pictures, who will join the company this month.
The Weinstein Co., which has had tremendous success in recent years with acquisitions such as The King’s Speech and this year’s Oscar contender The Artist, has been less active in producing its own movies, though it is currently making Quentin Tarantino’s Django Unchained and David O. Russell's The Silver Linings Playbook, among other projects.
The combination of the two divisions is an effort to streamline the operations of a company that runs with a relatively small staff of about 10 full-time employees.
"We really felt the divisions were overlapping, so we're taking both teams and bringing them together in one cohesive group," Weinstein Co. COO David Glasser tells THR in an interview. "And Dylan has the kind of experience that was a natural fit to run both areas."
Sellers spent years as an executive at 20th Century Fox and has served as a producer on such films as Footloose.
TWC, which has put its previous financial troubles behind it after a successful refinancing and the worldwide success of King's Speech, plans to make two to four movies a year and buy another six to eight movies. "We'll continue to find the Artists and the Blue Valentines while we make the Djangos and the Marilyns," Glasser says, referring to My Week With Marilyn, currently in theaters.
The company has a full slate of movies heading into 2012, including John Hillcoat's Wettest County and Paul Thomas Anderson's next movie.
Gigliotti, whose deal with TWC was set to expire, will now become a producer with ties to the studio headed by brothers Harvey and Bob Weinstein.
Lawson, who headed acquisitions for the Weinsteins for 15 years, is in the process of exiting the company (and the acquisitions business) and will join Basil Iwanyk's Warner Bros.-based Thunder Road as head of production.