It's Official: Turner's Michael Wright Takes Top DreamWorks Job

The former TV executive will oversee film for the Steven Spielberg company, allowing Stacey Snider to exit

Michael Wright has signed on for the top job at DreamWorks Studios as CEO, the studio confirmed on Thursday. The hire is effective January 3, 2015.

THR first reported on Wednesday that the the exiting TNT, TBS and TCM programming president was being eyed by the studio. The hire signals that DreamWorks chairman and CEO Stacey Snider is poised to take a top creative job at Fox, a move also first reported by THR.

Wright, who worked at CBS before Turner and is viewed as a creative-friendly executive, will oversee DreamWorks' film operations but not its television output. DreamWorks TV co-presidents Darryl Frank and Justin Falvey will not report to Wright.

Steven Spielberg, who has been looking for a replacement for Snider since February, was won over by Wright thanks to their collaborations on such series as the TNT sci-fi drama Falling Skies, which DreamWorks produces. Wright will report directly to Spielberg and work closely with president of production Holly Barrio.

On the film side, DreamWorks has had a spotty track record in recent years. It's The Hundred-Foot Journey has grossed $41.7 million since its release last month, but March's Need for Speed stalled at the domestic box office, earning only $43.6 million in the U.S.

The news last week that Wright would exit his current post came amid major changes at the Turner entertainment group, which included Turner encouraging employees to take buyouts. Wright joined Turner in 2002, and has served as president and head of programming at the trio of nets since May 2012.