Sidney Kimmel Entertainment announced another restructuring today. Bill Horberg, president of production since August 2005, exits and becomes a producer with a first-look deal at the billionaire’s indie effective immediately. (It was under Horberg’s supervision that SKE financed, produced or co-produced The Kite Runner, United 93, Breach, Lars And The Real Girl and the upcoming Synecdoche, New York.) Additionally, SKE said it has expanded the role and responsibilities of senior marketing and distribution executive Bingham Ray who, effective immediately, assumes the newly created position of president of creative affairs to take a more active role in the production of SKE films. (Before joining SKE, Ray served as president of United Artists, and in 1991 co-founded the indie October Films.) SKE also announced that Jodi Hildebrand has been promoted to vp of production and Dan Cohen upped to creative executive. Last March, SKE announced it would discontinue marketing its own productions and finance and produce fewer motion pictures per year. UPDATE: Word from my film financing circles is that Kimmel, the chairman and largest shareholder of the $5 billion Jones Apparel Group whose film company is 3 1/2 years old, is sick and tired of the movie biz. As a reliable source tells me, “Interestingly, nobody is really replacing Bill Horberg. Ray is just given the cosmetics of taking over Horberg’s duties for a company that doesn’t really plan to do much (he has absolutely no production experience). This is all cost saving and eventually everybody will be nuked.”
Sidney Kimmel Indie Restructures Again: Is This Billionaire Tired Of The Movie Biz?
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