EXCLUSIVE: Effective immediately, Walt Disney‘s President of Motion Picture Studios Sean Bailey, who turned the company’s animation vault into a multibillion-dollar live-action movie business, is departing after 15 years on the lot.
Searchlight co-president David Greenbaum is stepping in to replace him. Greenbaum’s new title will be President, Disney Live Action and 20th Century Studios.
He’ll report to Disney Entertainment co-chairman Alan Bergman. Steve Asbell will continue to serve as President, 20th Century Studios, a role he’s had since March 2020.
He will report to Greenbaum. It’s a full circle moment for Bailey: He arrived at the studio as the producer of 2010’s $400 million Christmas event title Tron Legacy, and he’ll stay on to produce Joachim Rønning’s Tron: Ares before moving on to more entrepreneurial endeavors.
Read more on deadline.com