Searchlight Pictures Co-Chairmen Nancy Utley and Stephen Gilula to Step Down

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In a stunning development on the eve of the Academy Awards, Disney announced Tuesday that longtime Searchlight Pictures chairmen Nancy Utley and Steve Gilula will be retiring from the specialty division, home of numerous Oscars. At Sunday's Oscar telecast, for example, Searchlight's Nomadland is considered a frontrunner for best picture, among other top awards.

If you’ve loved Searchlight Pictures films over the years such as “Napoleon Dynamite,” “Black Swan,” “Birdman,” “Brooklyn,” “Little Miss Sunshine,” “Juno,” “28 Days Later,” “(500) Days of Summer” and “Sideways,” there are two people responsible for bringing them to the screen. Now, after 21 years, those voices are taking leave.

Also Read: Searchlight Pictures Acquires Olivia Wilde's Kerri Strug Biopic 'Perfect'“Our time at Searchlight has been the kind of career highlight one can only dream of in this business,” Utley and Gilula added. “Over the past 21 years, we’ve had the privilege to build and lead an incredible team, and work with brilliant artists, to take creative risks, champion stories we’re passionate about, and, along the way, make iconic films that will stand the test of time.

A seismic shift here in the independent film sphere moments in the walk-up to Oscars: Longtime Searchlight Pictures Chairmen Nancy Utley and Steve Gilula have announced their retirement after a two decades-plus run with the classic label which Disney purchased from Fox.

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