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Tom Quinn and Jason Janego Exit Radius-TWC (EXCLUSIVE)

Tom Quinn and Jason Janego have left Radius-TWC, the boutique indie label they co-founded for the Weinstein Co. four years ago, and plan to form a new company, Variety has learned.

The departure comes at a time of change at the Weinstein Co., which last week lost chief operating officer David Glasser. Sources tell Variety that the decision to leave the company was amicable. A source adds that TWC will keep the Radius label.

In a short period of time, Radius-TWC made a formidable name for itself, particularly in the alternative distribution space, putting up impressive numbers by releasing indies such as “Snowpiercer” simultaneously in theaters and on video-on-demand. And just last spring, Radius-TWC scored its biggest hit with “It Follows,” a low-budget horror film that grossed nearly $15 million after a lengthy run on the festival circuit.

The company also carved out a niche in the documentary space, scoring Oscars for “20 Feet From Stardom” (about the lives of backup singers) and “Citizenfour,” which centered on Edward Snowden. Its recent release, the Kirby Dick-directed Sundance doc “The Hunting Ground,” caused a stir with its indictment of the way colleges handle campus rape cases.

Quinn and Janego previously worked together at Magnolia Pictures, where they were senior vice president and head of legal and business affairs, respectively. At Magnolia, they were credited with pioneering day-and-date releasing on such films as “Enron: The Smartest Guys in the Room,” helping to develop a strategy that is now commonplace among indie distributors.

Other Radius-TWC titles include the Nicolas Winding Refn thriller “Only God Forgives,” porn biopic “Lovelace” and the Oscar-nominated documentary “Cutie and the Boxer.”

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