Grappling with its third major exec departure in four weeks, Trimark Pictures announced Sunday that Dennis O’Connor was replacing Ray Price as the company’s senior vice president, specialized theatrical division.
Price’s departure was due to the “termination of negotiations to renew (his) employment contract,” according to a statement issued by Trimark.
No other information was available, and Trimark would not comment. Price’s future plans were unclear.
Like Price before him, O’Connor will be responsible for overseeing the distribution of all specialized product. He starts at Trimark immediately.
Price described O’Connor, who comes to Trimark from First Look Pictures (a company Price co-founded), as the “only true rising young star (exec) in specialized film.”
A vet of the independent circuit, O’Connor has served stints with the Samuel Goldwyn Company, Landmark Theatres and Strand Releasing.
At least two other senior Trimark execs, exec VP Sergio Aguero and CFO Jim Keegan, have ankled the embattled indie distribution company in the past month. This week, Aguero starts at tenpercentery Endeavor as its new independent film rep.
Price, a well-known face on the indie scene, was closely involved in the Trimark acquisition “Kama Sutra” and production “Eve’s Bayou,” which grossed more than $15 million in the U.S. and became one of the company’s most successful specialized releases. Price also had a penchant for Spanish pics, such as Alex de la Iglesia’s “Perdita Durango,” which Trimark will release next year.
Trimark insiders said that Price had been in negotiations with company chairman Mark Amin for more than a month, but the two parties had failed to reach an agreement.
At First Look, O’Connor was in charge of marketing for the Vanessa Redgrave starrer “Mrs. Dalloway,” among other pics.