Weinstein Co. Shake-Up: Distribution Chief Erik Lomis Exiting (Exclusive)

Erik Lomis GETTY - S 2016
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The veteran executive is joining Megan Ellison's Annapurna Pictures to lead distribution, among other efforts.

The Weinstein Co. distribution president Erik Lomis is leaving Harvey and Bob Weinstein's company after deciding not to renew his contract, insiders tell The Hollywood Reporter.

The departure of the well-respected executive — who formerly ran marketing and distribution at MGM and United Artists — is a blow to TWC, considering his longtime ties to theater owners and talent. He is the latest top executive to depart, and is joining Megan Ellison's Annapurna Pictures in a key role. His myriad of duties will include overseeing distribution, sources say.

Lomis joined TWC in 2011. Most recently, he spearheaded Quentin Tarantino's ambitious mandate to release The Hateful Eight in an exclusive 70mm run. Lomis spent months buying up and refurbishing film projectors and installing them in dozens of theaters across the country.

A string of top lieutenants have left TWC since 2014, while chief operating officer David Glasser briefly left the company in summer 2015, only to quickly return. Also last summer, Radius-TWC heads Tom Quinn and Jason Janego exited to form a new venture. Others who have left include TV president Meryl Poster and marketing chief Stephen Bruno.

Lomis couldn't immediately be reached for comment.

"This was a great opportunity for Erik and we support him. We’ve had an incredible run together,” Glasser said.

Annapurna declined comment on Lomis' exact role, with details expected to emerge in the coming days. So far, Ellison's movies, including Joy, American Hustle and Zero Dark Thirty, have been released by other studios; starting her own distribution arm would give Annapurna more control over the release and marketing of her films, two areas Lomis is intimately involved with. He could also serve as an advisor with partner studios.

In only a few short years, Ellison has emerged as one of Hollywood's most savvy producers and financiers.

March 10, 3:40 p.m. Updated.