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CBS Films Shake-Up: Terry Press remains President, as Wolfgang Hammer Departs for Digital Content Studio

Terry Press is solely in charge of CBS Films after her co-president Wolfgang Hammer quietly stepped down last May, a company spokesman confirmed.

Hammer will reportedly continue to play a consulting role at CBS Corporate, advising on digital content. The studio also laid off five people, including Bob Kaplowitz, a senior vice president of distribution, and several administrative employees.

More headcount changes may take place, according to an individual with knowledge, but no layoffs are imminent.

The studio is getting ready to release the Daniel Radcliffe romantic comedy “What If” on Aug. 1 and just wrapped production on “The DUFF” with Bella Thorne and Ken Jeong. The company is expected to announced another homegrown production in the coming weeks and will likely be an active buyer at the Toronto Film Festival.

Press originally got involved in CBS Films on a consulting basis through her company 7570 Marketing Inc. She took the reins in 2011 with Hammer after former president Amy Baer stepped down to become a producer. She is best known for her marketing prowess, having served as the head of marketing for DreamWorks SKG, where she oversaw for such hits as “Saving Private Ryan,” “American Beauty” and “Gladiator.”

Hammer had been CBS Films’ chief operating officer.

Press and Hammer are credited with stabilizing CBS Films, after it was reeling from a number of duds such as “Extraordinary Measures” and “The Back-Up Plan.” It hasn’t scored a major hit yet, but it found success with “Last Vegas” and “The Woman in Black,” and had a critical hit with “Inside Llewyn Davis.”

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