Longtime Disney Studios Chief, Sean Bailey, Departs Amid Box Office Struggles” Sean Bailey, the longtime head of Walt Disney Studios Motion Picture Production, resigned on Monday amidst internal changes in Disney’s film division, which has faced criticism from investors due to recent underwhelming box office performances.
Bailey, known for successes like live-action adaptations of “Aladdin” and “The Lion King,” acknowledged it was time for a new phase in his career. David Greenbaum, previously a co-president at Searchlight Pictures, will take over Bailey’s role, also assuming responsibility for 20th Century Studios.
Greenbaum’s track record includes successes like “There Will Be Blood” and “No Country for Old Men.” His appointment was praised by Disney Entertainment co-chairman Alan Bergman.
Matthew Greenfield, the other co-president of Searchlight, will now lead the division alone, which has produced acclaimed films like “12 Years a Slave” and “Nomadland.”
During his 14-year tenure, Bailey brought stability to Disney amidst industry turbulence, with hits like “Aladdin” and “The Lion King” grossing billions. However, recent releases, including “The Little Mermaid,” fell short of expectations.
Bailey’s advocacy for diversity in Disney productions sometimes stirred controversy, yet he remains respected in the industry. Reports suggest he’s exploring opportunities outside Disney, possibly with Netflix or Amazon.
Despite his departure, Bailey will stay connected to Disney as a producer, working on projects like the upcoming “Tron: Ares.
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