BREAKING… Kathleen Kennedy has been named co-chair of Lucasfilm. Founder George Lucas will become co-chair of the company’s board and stay on as CEO. As part of the deal, seven-time Oscar nominee Kennedy will step down from her post as co-head of the Kennedy/Marshall Co production company, leaving it to Frank Marshall to run.
The move seems a bit bizarre. Kennedy/Marshall days ago made an overall TV deal at CBS, and Kennedy has produced big Steven Spielberg films while Marshall has The Bourne Legacy coming. Lucas, by comparison, seems to mostly continue to find ways to squeeze revenue out of his tired Star Wars films. He excutive produced the passion project Red Tails (Anthony Hemingway directed), which was not a box office hit and seems to be veering toward retirement or making personal films the way his pal Francis Ford Coppola does now. Lucas has all the money he needs, but it seems unclear exactly what Kennedy will be running. We were unable to get clarity on what will happen to Lucasfilm or Kennedy/Marshall, as we were told Kennedy would be unavailable to speak with Deadline. Kennedy/Marshall has a first-look deal with Spielberg at DreamWorks and sources have said they expect it to be business as usual under Marshall. But Kennedy used to be one of the smarter producers in town though her recent movies have underperformed at the box office to the detriment of her reputation: nevertheless, the loss may have an impact. (more…)