Sophie Watts has stepped down as president of STX. In a press release, STX said that Watts was leaving to "focus on new business opportunities."Watts' departure has been rumored for months. However, Watts previously denied to Variety that she was leaving.In a statement, Watts thanked CEO Bob Simonds, as well as the heads of Hony and TPG Growth, two investors in the studio."STX has been a life-changing experience for me, not only because of the company’s phenomenal growth and unique...
President since STX’s 2014 launch, the Brit has been a key player alongside co-founder Robert Simonds in the media company’s fast rise and aggressive international growth strategy. Watts was the chief architect of STX’s uniquely collaborative partnership structure, and as president is responsible for conceiving and driving forward the company’s growth initiatives and new business development.
She also oversees the company’s recently established digital and music divisions, and while launching a new entertainment conglomerate is a tough mission, Watts has the necessary skills and background; she cut her teeth working on productions with such A-listers as Beyoncé, Elton John, Mariah Carey and Madonna, and has a diverse creative background as an award-winning film, television and video executive known for her strong talent relationships.
Watts championed and raised financing for award-winning documentaries such as “Bully,” and was executive producer of the acclaimed NBC series “State of Affairs.” She serves as a judge for the Business Innovation Awards sponsored by the U.K. Dept. of Trade and Investment, and for BAFTA-LA’s Student Film Awards. She graduated summa cum laude from the University of Cambridge, where she specialized in economic history, focusing on the rise of Asia.