Veteran TV and film executive Gail Berman is stepping down from the company she co-founded in 2007 with Lloyd Braun, TheWrap.com reports. Braun will purchase Berman’s stake in BermanBraun, and will be the company’s sole owner.
"BermanBraun operates three divisions — television, movies and digital — reflecting the diverse backgrounds of its founders," the story reports. "Berman was the first woman to hold a top job at both a film studio and a TV network, serving as president of entertainment at Fox and then president of Paramount Pictures."
In a statement, Berman said: “When Lloyd and I founded BermanBraun, we wanted to create a different kind of entertainment company — one that consisted of both TV and Film divisions but also one that established a thriving digital division encompassing content and technology. It has been exciting to take my years of experience and leadership in all areas of content and apply them to this endeavor. I take great pride in the company’s amazing achievements over the past 7 years. It has been my pleasure to work alongside Lloyd and our incredibly talented team at BermanBraun and I wish them continued success going forward. There are several unique opportunities I am considering and intend to make an announcement about my decision very soon.”