Cathy Schulman, Jim Amos Exit STX Entertainment (Exclusive)
Former STX Entertainment President of Production Cathy Schulman has left the company, multiple individuals familiar with her exit told TheWrap.
[...] Schulman is moving on as a film producer, one knowledgable insider said, while continuing in her leadership role of the non-profit Women in Film.
Schulman was instrumental in one of STX’s biggest hits, the Mila Kunis romp “Bad Moms,” which crossed $100 million at the domestic box office on Saturday.
Infighting over the marketing campaign for “Free State of Jones” were among the issues that have created tension in the executive ranks at the studio.
STX CEO Bob Simonds is said by insiders to be focused on pivoting the studio away from prestige, character-driven films toward middlebrow comedies under Brown.
The company’s professed strategy of mid-budget, talent-driven films has seen success with the 2015 thriller “The Gift” — which earned $59 million against a production budget of $5 million — and the horror film “The Boy,” which made $64.2 million earlier this year on a $10 million budget.
STX just closed a strategic investment from Chinese tech and media conglomerate Tencent, to launch a digital content operation and VR unit — as well as expand its international reach.