Tom Ortenberg exits Weinstein Co.

Theatrical film prexy leaves studio amid layoffs

Tom Ortenberg is ankling the Weinstein Co. after less than a year as president of theatrical film.

TWC had no comment Friday about the departure, which came two days after it confirmed the pink-slipping of 35 employees. Ortenberg said in a statement that he had “asked for and was granted a release from my contract with the Weinstein Co. for personal reasons.”

Ortenberg joined TWC in January in the newly created position, where he was charged with overseeing TWC’s theatrical, marketing and distribution operations. The move came after a 12-year stint at Lionsgate, where he oversaw campaigns for titles that included “Crash,” the “Saw” franchise and the Tyler Perry pics.

Four-year-old TWC plans to limit its releases to 10 a year — four each for Harvey and Bob Weinstein and two pickups. Moves come three months after the struggling indie engaged restructuring specialist Miller Buckfire.

TWC has been hit with several rounds of layoffs since last October; after the most recent cuts, the company’s headcount stands at 90.

Changes come in the wake of a solid box office performance by Quentin Tarantino’s “Inglourious Basterds,” which has earned $114 million domestically and $129 million in foreign markets. TWC shares distribution duties on the title with Universal Pictures.

Bob Weinstein also announced last week he’s revving up franchises and genre films for Dimension, including “Scream 4” starting production in the spring as the first of a new trilogy; Robert Rodriguez writing “Spy Kids 4,” which he will direct in 3D; “Halloween III” in 3D; and remakes of “Children of the Corn,” “Short Circuit” and “An American Werewolf in London.”

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety