A change of leadership has taken place in the top ranks at CBS Films. According to The Hollywood Reporter, one of the unit's two co-presidents, Wolfgang Hammer, is out, leaving Terry Press in the top leadership position as president.
Citing insiders at the company, the piece reports that Hammer made a transition in recent weeks to a "digital content consulting role" for CBS.
"Press was the former marketing head of DreamWorks while Hammer was the banner’s COO and acquisitions head. The two were named co-presidents in 2012. The fusion was made after the top post was left vacant by the departure of Amy Baer," THR reports.
The report notes: "The company’s slate has performed modestly at the box office but it did succeed with the breakout horror movie 'The Woman in Black,' which starred Daniel Radcliffe. Last year’s comedy 'Last Vegas' also did well and the banner was behind 'Inside Llewyn Davis.'"