Exclusive And Updated: Shock departure due to shareholder dispute.Im Global
founder and CEO Stuart Ford
has been forced out of the company he founded 10 years ago, Screen has learned.
It is understood the departure happened over the weekend following ongoing disagreement with the shareholders over the direction of the company and matters had escalated in recent weeks to the point of rancour.
Tang Media Partners (Tmp), which acquired a 60% stake in Im Global
last year, notified Im Global
staff on Monday morning at the company’s West Hollywood offices. Im Global
employs around 60 people and has offices in Los Angeles, New York, London, Munich, Mumbai, Mexico City, Beijing and Shanghai.Im Global
was riding high in its tenth anniversary year. Among the company’s typically robust volume of films was recent Oscar winner Hacksaw Ridge
. Besides a busy sales business, the company’s growing roster of self-produced and financed features includes three that had been put