Tom Ortenberg is stepping down as president of theatrical film at The Weinstein Company (TWC) after barely eight months in the role.
Ortenberg, formerly head of theatrical at Lionsgate, joined TWC last January and will serve his final day on September 30. A TWC spokesperson declined to comment.
The move follows TWC’s latest wave of redundancies this week, when the company confirmed it was letting go of a further 35 employees to bring the staff level to approximately 90.
Harvey and Bob Weinstein called Ortenberg’s arrival “a major coup” in late January. However since then something clearly did not work between the executives, despite a promising time for the slimmed-down company.
Quentin Tarantino’s Inglourious Basterds has grossed more than $111m domestically and the Weinsteins are preparing an Oscar campaign for Colin Firth after acquiring A Single Manin Toronto, and will also expect awards consideration for Rob Marshall’s Nine and possibly John Hillcoat’s The Road.
The company plans to release ten films a year going forward, comprising four overseen by each brother and two acquisitions.