2 October 2013 11:27 AM, PDT | The Wrap | See recent The Wrap news »

FilmDistrict founder and chief executive Peter Schlessel will transition to Focus Features as its chief executive and lead an expansion of the specialty label, Universal Pictures said Wednesday. Current CEO James Schamus, who co-founded Focus Features more than 12 years ago, will leave the company to concentrate on Ang Lee’s next film, which he is producing with Lee and developing at Universal. The changes will take effect in January 2014, and Schlessel, a veteran film exec with studio and indie experience, will report to Universal Pictures Chairman Donna Langley. Focus will be moving its headquarters to Los Angeles. FilmDistrict will be shut. »

- Todd Cunningham

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