STX Taps Michael Joe as New COO of Motion Picture Group

Courtesy of STX Entertainment

The former Universal exec will be responsible for business operations and strategy for the Adam Fogelson-led company's motion picture group.

Michael Joe has joined STX Entertainment as chief operating officer of he company's motion picture group.

The announcement was made today by Adam Fogelson, chairman of the STX Entertainment motion picture group.

The Stanford grad previously held the title of executive vp at Universal Pictures, where he was responsible for business development, strategy, film financing, digital distribution and corporate oversight of Focus Features and Universal's international production business. Joe later left Universal to join Relativity Media as president.

Since 2013, he has has been managing director at Seer Capital, a New York-based investment firm, where he has been responsible for sourcing and managing the firm's media and entertainment activities. While at Seer, he closed a financing deal with his new employer, STX.

"I had the privilege of working with Michael for many years when we were together at Universal," said Fogelson, the former chairman of Universal. "There are very few people in this industry with his depth or breadth of experience or understanding of our business."

In his new role, Joe will be responsible for business operations and strategy for the company's motion picture group.

"I am excited to be joining Adam, Oren and the team at STX, including my former colleagues David Kosse, Kevin Grayson, and Keri Moore," said Joe. "In a short period of time, STX has become a formidable motion picture producer and distributor, and I'm thrilled to be part of the team as they continue to build the studio for the future."

STX has been acquiring festival standouts like Hardcore Henry and Desierto. It was also recently announced that the company will finance Barbra Streisand's Gypsy remake, which will be directed by Barry Levinson.