Halmi, Jr. out at RHI Entertainment

Prodco recently emerged from bankruptcy

Robert Halmi Jr. resigned Wednesday as prexy and CEO of RHI Entertainment, which recently emerged from Chapter 11 with a plan to reduce its debt by $400 million.

His father, Robert Halmi Sr. will remain with the company to continue overseeing production of its miniseries. Also out is chief operating officer Peter von Gal, who’s been with the company since 1996.

“RHI is in the strongest financial and operational position it has been in years to expand its production and distribution activities,” said Gabriel de Alba, chairman of the board of directors. “We greatly appreciate Robert’s enormous contributions and plan to substantially build on them as we take the company to the next level.”

The departure of the junior Halmi splits up a father-son team that spent several decades together atop one of the globe’s leading producers of long-form TV programming. RHI has produced hundreds of hours of movies and minseries including “Merlin,” “Gulliver’s Travels” and “Tin Man.”

“RHI is very near and dear to me,” said Halmi Jr. “I’m gratified to have been able to see it through a successful reorganization and put it on a path to thrive for years to come.”

The Halmis bought back their production company from Hallmark Entertainment in 2006, but filed for a prepackaged bankruptcy in late 2010 citing $600 million in debt.

While most of RHI is now owned by private equity firm Kelso & Co., the Halmis held on to 15% of the company.

Just last month, Halmi tapped Andrew Hines as executive VP and CFO for RHI.

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:

WordPress.com Logo

You are commenting using your WordPress.com 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 TV News from Variety

Loading