A seismic shift here in the independent film sphere moments in the walk-up to Oscars: Longtime Searchlight Pictures Chairmen Nancy Utley and Steve Gilula have announced their retirement after a two decades-plus run with the classic label which Disney purchased from Fox.Searchlight veterans Matthew Greenfield and David Greenbaum, the studio’s longtime heads of production, have both been promoted to President, Searchlight, and will jointly run the company.
Greenbaum and Greenfield will report to Disney Studios Content Chairman Alan Bergman and Disney Studios Content Chief Creative Officer Alan Horn.The news comes just before Oscar Sunday when Searchlight’s Nomadland starring Frances McDormand is expected to notch the Best Picture and Best
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