
Disney executive Sean Bailey is stepping down after 15 years as the president of production for the motion picture group. David Greenbaum, currently the chief of Searchlight, will take over Bailey's position as the newly appointed president of Live Action and 20th Century Studios. This move, effective immediately, will see Greenbaum reporting to Disney Entertainment co-chairman Alan Bergman.
The restructuring combines Disney's live-action division, responsible for remakes and spinoffs of classic films, with 20th Century Studios, formerly known as Fox. Bergman praised Greenbaum's creative sensibility and leadership skills, citing his successful track record at Searchlight Pictures and strong industry relationships.