Relativity Media has confirmed the appointment of Happy Walters to co-chief operating officer, announcing that the former music and sports exec will share his title with current exec VP, corporate affairs and general counsel Gregory Shamo.
Company also announced the hiring of Loeb and Loeb senior counsel Michael Rosner as general counsel.
Variety reported Tuesday that Relativity was poised to hire Walters, who joined the company in 2009 as president, Relativity music group and Rogue sports. Shamo also joined the company that year and has overseen deals including the absorption of Overture Films and a home entertainment distribution pact with 20th Century Fox.
“We are continuing to reinforce our executive management team as we establish a foothold as a distributor,” Relativity topper Ryan Kavanaugh said in a statement released Wednesday announcing the appointments.
Shamo is also a Loeb and Loeb alum and repped Relativity while an attorney with the firm. During his tenure there, Shamo also worked on Relativity’s co-financing arrangements with Universal and Sony as well as the company’s acquisition of Rogue Pictures from Uni.
Walters, a music industry vet, helped the company launch its Rogue Sports and music divisions. In the early 1990s, exec launched music management company Buzztone Music before expanding to create Immortal Records.
In his new position, Rosner will oversee all of Relativity’s legal matters, reporting to Shamo and Walters. With Loeb and Loeb, Rosner focused on primarily on motion picture slate financings, ultimates loan transactions and studio co-financings.
Company will move all business operations — with the exception of reality TV arm RelativityREAL — to offices in Beverly Hills this spring. RelativityREAL will remain in Hollywood.
Up next, Relativity’s Steven Soderbergh thriller “Haywire” unspools on Jan. 20, followed by “Act of Valor” on Feb. 24 and “Mirror Mirror” on March 16. Company just wrapped production on comedy “21 and Over” and is in pre-production on Nicholas Sparks’ love story “Safe Haven” and espionage thriller “Hunter Killer.”