Reuther confirms exit

Arnon Milchan, chairman of New Regency Prods., and company prexy Steven D. Reuther Tuesday jointly confirmed Reuther’s departure from his slot, effective immediately, as expected (Daily Variety, Jan. 14).

In a statement, Reuther said he wanted to “take a breath before taking the next step” toward a new professional situation. Even so, sources said Reuther is expected to set up a new, separate outfit that would still work in tandem with New Regency and will likely be based on the Warners lot.

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