MGM co-CEO Roger Birnbaum steps down to produce
The company says in a statement Wednesday ( per TheWrap) that Birnbaum will remain on board, producing and developing new projects -- the first of which will be José Padilha's reboot of "Robocop," set for an August 2013 release.
A source familiar with the situation calls Birnbaum's departure from his role "amicable," according to The Wrap. Birnbaum and Barber shared the top-tier title for two years at MGM, and before that, they did the same at Spyglass Entertainment, a production company the duo co-founded in 1998.
"Gary and I decided, two years ago, to accept the challenge of joining MGM and restoring the company to its rightful place in the industry," Birnbaum says in the statement. "I have been in the film business a long time, and my greatest passion has always been producing. Now is the time for me to return to what I love to do the most ... producing films."