Veteran independent producer Ted Hope has stepped down as CEO of streaming platform Fandor and is being replaced on an interim basis by lead investor Chris Kelly, former Facebook general counsel and chief privacy officer.
Hope will be pursuing a new film production venture and remain a close adviser to the company, which specializes in independent and international titles.
“Fandor is keenly situated now for real growth; Ted and the Fandor team have positioned us very well for continued expansion in 2015,” Kelly said. “While Fandor represents the next evolution of the film industry that Ted has been advocating for years, he was very eager to get back to making movies.”
Hope joined Fandor a year ago after departing as head of the San Francisco Film Society, which runs the San Francisco Film Festival. He has produced or exec produced nearly 70 films, including Todd Solondz’s “Dark Horse,” Sean Durkin’s “Martha Marcy May Marlene” and Todd Field’s “In the Bedroom.”
“Fandor is leading the way in fostering a great audience experience for online cinema,” Hope said. “But filmmaking is my first love, and I cannot resist returning to where my prime talents and skill set reside, and that is getting great films made well.”
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Kelly joined Facebook in 2005 as one of the first senior employees. He left in 2009 to pursue the Democratic nomination for attorney general of California, and he launched Kelly Investments, which made Fandor one of its earliest investments, in 2010. Kelly is also co-owner of the NBA’s Sacramento Kings and the national chair of the New Leaders Council.