MGM Co-Presidents of Production Cassidy Lange, Adam

MGM Co-presidents of Production Cassidy Lange and Adam Rosenberg are exiting the studio that they’ve been at since 2011, a person with information of the scenario informed TheWrap.

The two have been collectively promoted in 2018 to handle the expansion of movie franchises like James Bond whereas additionally reimagining IP within the MGM library and overseeing authentic productions. An particular person with information stated the duo exited out of their offers, and it was amicable.

Last week, MGM was hit with layoffs, whereas its advertising and marketing and distribution arm United Artists Releasing (UAR) furloughed one-third of its employees.

Seven p.c of the studio’s employees was have been eradicated — round 60 jobs — with cuts impacting all departments within the TV and movie areas. Members of senior administration at MGM took voluntary pay reductions throughout all divisions of the corporate. Senior administration at UAR additionally took wage reductions. But final month, Motion Picture Group Chairman Michael De Luca employed Pam Abdy as movement image group president.

Lange joined MGM in 2011 as senior vice chairman of improvement and manufacturing, engaged on movies equivalent to “Me Before You” and “Tomb Raider.” She additionally labored on the upcoming movie 007 movie “No Time to Die,” whose launch date was pushed from April to November in response to the coronavirus shutdown.

Rosenberg additionally joined MGM in 2011 as senior vice chairman of improvement and manufacturing after a stint as an govt at Spyglass. During his time at MGM, he labored on movies like “Creed” and its sequel, Sam Mendes’ James Bond entries and “Fighting With My Family.” He was in the midst of manufacturing on Sylvester Stallone’s “Samaritan” earlier than manufacturing was shut down because of the pandemic.

The Hollywood Reporter first reported the information.