Last month, we shared with you the saga of Stacey Snider leaving Universal (Sort of - she has to see out her contract before she leaves. Awkward!) for a major leadership position at DreamWorks. And now, if there were any questions about how great at her job Snider really is, they've been answered: when she finally leaves, she'll be replaced by not one, but two men. As expected, Marc Shmuger and David Linde (also co-president of Focus Features) have been named Universal's co-chairs. Actually, the more senior Shmuger is "chair" and Linde is "co-chair," but the two are supposedly equal when it comes to power and decision-making.

In other industry news, Viacom (Paramount's parent company) has finally off-loaded the rights to their newly-acquired DreamWorks film library. And, as rumored back in January, the buyer was billionaire investor/financier/philanthropist George Soros, along with his partner Steven Mnuchin. According to the most recent reports, the duo paid about $900 million for the rights - not including distribution, which Viacom kept - to 59 films. Holy mother of God.
categories Movies, Cinematical