“Armageddon” and “Dick” producer Gale Anne Hurd is departing the Paramount lot.
Hurd, a stalwart at Par since 1993, is moving her Pacific Western Prods. banner to offices in the Studio City area. She is understood to be putting together a co-venture with several unspecified financial partners.
The move comes as many studios cut back on their producer deals or request that studio-based producers begin raising their own financing.
Sources close to the producer said Hurd sees certain advantages in becoming independent, including taking an active role in the distribution of her pics, owning or co-owning the negative rights and sharing in profits. Her company, which has at least 10 employees, also plans to enter the new-media and television arenas.
Hurd formed Pacific Western in 1982. Her most recent pic for Paramount was 1998’s “Dead Man on Campus.” Other producing credits include “Virus,” “Dante’s Peak,” “The Relic,” “The Abyss” and “Aliens.”