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Lee resigns from Celestial Pictures

Former VP takes leave to become a producer

Philip Lee, veep of new film content at Celestial Pictures, has resigned to become a producer.

While a difficult decision, making films is “closer to my dream and my heart,” Lee said.

Lee plans to revive his Los Angeles company — Javelin Pictures — so that he may take on more Chinese projects on the Mainland with U.S. partners.

“I’ve worked between the two cultures a lot in the past,” he said, adding that he expects he’ll be running between Hong Kong and Beijing mostly.

He also will continue to work on Celestial projects, such as the remakes of classics “Five Deadly Venoms” and “Flying Guillotine.”

Lee has been with Celestial since November 2005. His credits include “Crouching Tiger, Hidden Dragon” and “Hero.”

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