The president and CEO of perennial Oscar contender New Regency is exiting the position after holding down the job for five years. Deadline.com reports that Brad Weston, who was president of Paramount and Dimension Films before taking his current post, is headed out.
Details of Weston’s exit are reportedly being worked out, and Deadline notes that Weston has not decided yet on his next move.
“This comes after a run in which Regency has had two Best Picture winners and a Best Picture nominee in three straight years in ‘The Revenant,’ ‘Birdman’ and ’12 Years a Slave,’ a remarkable return to relevance for Arnon Milchan’s Fox-based finance/production shingle,” Deadline reports.
The report notes that Weston “came to New Regency at a time when Milchan was looking to recapture the luster of a time when Regency was a home for top filmmakers, and the maker of films like ‘L.A. Confidential,’ ‘Heat’ and ‘JFK.’ That was the mandate, and the results speak for themselves. There have been 12 Oscar wins and 34 nominations during that stretch.”