Shaftesbury co-CEOs go separate ways
EmptyTORONTO -- Shaftesbury Films co-CEOs Christina Jennings and Jonathan Barker said Monday that they have ended their legal battle for control of the Canadian producer with an out-of-court settlement.
In a short statement, the company said Barker and Jennings will end their 12-year joint leadership of Shaftesbury, which recently sold the Canadian drama "The Listener" to NBC for its primetime schedule.
Jennings will remain chairman and CEO, while Barker will leave with sole control of SK Films, the producer's large-format film division. No further terms of the pact were disclosed.
Barker is executive producer on the $13 million Imax film "The Greatest Journey," now shooting in Saudi Arabia.
In late 2007, Barker filed a lawsuit in an Ontario court that alleged Jennings had overlooked his interests as a major shareholder in the Canadian producer.
The breakup comes as the company is in talks with a number of international media players about possibly taking a minority stake in the Canadian producer.
Jennings and Barker were not available for comment.