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Chris Fenton is leaving DMG after a 17-year run. His latest five-year contract expired last month and he declined to re-up as general manager and motion picture group president of the media company.

Fenton will transition to a consultant role and will remain active as a trustee of the Washington, D.C.-based US-Asia Institute. He has been rumored for several senior positions through the years at the likes of Paramount and Warner Bros., and is widely sought out for his knowledge of China, a key market for Hollywood.

At DMG, Fenton supervised the development, financing, production, marketing, and distribution of the company’s content. He also produced or supervised 20 films — a group that includes “Looper,” “Iron Man 3,” and “47 Ronin.”

Fenton advised on several key deals for DMG, including its purchase of comics publisher Valiant Entertainment and the library of fantasy novelist Brandon Sanderson. Prior to joining DMG, Fenton was an agent at William Morris.

DMG was founded by Dan Mintz, Bing Wu, and Peter Xiao with the goal of strengthening ties between Hollywood and the Middle Kingdom. It produces films, television, games, and virtual reality content. Upcoming DMG releases include “Blockers,” a comedy about parents trying to prevent their teenage children from having sex, and “Chappaquiddick,” a political drama with Jason Clarke as Ted Kennedy.