Disney Shakeup: Sean Bailey Exits As President Of Walt Disney Motion Picture Studios, Searchlight’s David Greenbaum Takes Over
27.02.2024 - 00:30
/ deadline.com
EXCLUSIVE: Effective immediately, Walt Disney‘s President of Motion Picture Studios Sean Bailey, who turned the company’s animation vault into a multibillion-dollar live-action movie business, is departing after 15 years on the lot. Searchlight co-president David Greenbaum is stepping in to replace him.
Greenbaum’s new title will be President, Disney Live Action and 20th Century Studios. He’ll report to Disney Entertainment co-chairman Alan Bergman. Steve Asbell will continue to serve as President, 20th Century Studios, a role he’s had since March 2020. He will report to Greenbaum.
It’s a full circle moment for Bailey: He arrived at the studio as the producer of 2010’s $400 million Christmas event title Tron Legacy, and he’ll stay on to produce Joachim Rønning’s Tron: Ares before moving on to more entrepreneurial endeavors.
There was buzz Bailey was going to take over the top Netflix film job from Scott Stuber, who is departing the streamer. But that is not the case as we hear it.
“Sean has been an incredibly important member of the studio’s creative team for well over a decade,” said Bergman. “He and his team have brought to the screen iconic stories and moments that have delighted fans around the world and will stand the test of time. I know he’ll continue to do great things, and I couldn’t be happier that he’s staying on as a producer of Tron: Ares.”
Bailey has been a hit factory for Disney with such movies as live-action takes on The Lion King ($1.66 billion in global box office), Beauty and the Beast ($1.2 billion), Aladdin ($1.05 billion) and The Jungle Book ($962 million) to name a few. All in, he’s yielded some $7 billion in global box office for Disney.
With the launch of Disney’s streaming service Disney+