Erik Lomis, president of distribution at the Weinstein Co. for the past five years, is leaving the company for a new post at Megan Ellison’s Annapurna Picture.
The departure was confirmed Thursday by David Glasser, chief operating officer, who said Lomis is headed to another job.
“He got a great offer and we wish him the best,” Glasser said. “He did a great job for us.”
Lomis’ new post at Annapurna, first reported by Deadline, will include distribution duties
Lomis, who was president of distribution at MGM between 2000 and 2005, came on board at TWC in 2011. He saw major successes from “The Artist,” which won the Oscar for best picture in 2012, and from “Silver Linings Playbook,” “Lee Daniels’ The Butler” and “Django Unchained” in 2013 and “The Imitation Game” in 2014.
But Bob and Harvey Weinstein’s company has been hit by disappointing results for the past year. Quentin Tarantino’s “The Hateful Eight,” which was released in an exclusive 70mm run, grossed a modest $53 million in the U.S. Its top domestic performer in 2015 was “Paddington” with $76 million.
Radius-TWC heads Tom Quinn and Jason Janego exited TWC last August to form a still-unnamed new distribution venture.
Harvey Weinstein told Variety in November that TWC will distribute fewer movies and increase focus on its TV operations. The studio will cut the number of films it releases from 18 a year to between eight and 10 and will snap up more projects at the script stage — as it did with the Michael Keaton film “The Founder” — to allow for hands-on development, rather than acquiring finished pictures.
Weinstein remains bullish on TWC’s prospects, touting “The Founder” and Dev Patel’s “Lion” as upcoming awards contenders.
Ellison founded Annapurna in 2011, and its first three releases — “Lawless,” “The Master” and “Killing Them Softly” — were co-productions with TWC. Annapurna has since used a variety of production partners, including Sony and Universal for “Zero Dark Thirty,” Sony and Atlas for “American Hustle,” Fox for “Joy,” Warner Bros. for “Her,” Fox Searchlight for “Foxcatcher” and Paramount for “Everybody Wants Some,” which opens SXSW on Friday.
Lomis could not immediately be reached for comment.
The news was first reported by the Hollywood Reporter.