Magazine article Screen International

Miramax CEO Mike Lang Announces Sudden Departure

Magazine article Screen International

Miramax CEO Mike Lang Announces Sudden Departure

Article excerpt

The widely-admired executive exits after a brief and impressive tenure and will stay on as consultant to the company during the search for a successor.

Lang was appointed CEO in December 2010 after serving as an advisor to Filmyard Holdings while it extricated Miramax from the Disney fold. Miramax CFO Steve Schoch will serve as interim CEO.

Privately, industry executives speculated on Friday (16) whether Lang's departure was related to strategic differences with Colony Capital top brass over the rate of expansion, including exploitation of the storied library. Miramax declined to comment.

Lang championed and executed on digital and distribution partnerships with verve, cutting deals with Lionsgate, StudioCanal, Netflix, Facebook and Hulu, among others.

"We are very proud of what Miramax has accomplished in such a short period of time," Richard Nanula, Miramax chairman and a Colony Capital principal, said. …

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