First Look: 'Business as Usual'5 Mar, 2007 By: Erik Gruenwedel
No other management changes are planned following the March 2 resignation of Henry Winterstern, First Look Studios co-chairman and CEO, according to a company spokesperson.
The studio, whose properties include First Look Home Entertainment, is in the process of finding a new CEO.
“It is business as usual,” said the spokesperson, which he said included no changes for FLHE president Bill Bromiley, senior VP of marketing Gordon Prend and senior VP of marketing services Stephen DeMille.
Upcoming First Look DVDs include Comeback Season with Ray Liotta (March 27); Sleeping Dogs Lie (April 10); Caffeine with Mena Suvari; 10 Items or Less with Morgan Freeman (April 24) and The Breed (May 22).
Winterstern became CEO in 2005 following the merger of his company, Capital Entertainment, with First Look.
Under his tenure, First Look acquired DEJ Productions from Blockbuster Inc., in addition to select assets of Ventura Distribution.
In a statement released by First Look, Winterstern had agreed to reacquire Capital Entertainment from First Look in exchange for a production agreement and other assurances with studio.
He remains the largest individual shareholder of the company.
“[Winterstern's] broad understanding of the industry and his demonstrated skill as a deal maker and strategist will serve the future clients of Capital Entertainment well and we are pleased that he will continue to be a resource to First Look,” said the board in a statement.