MUMBAI: Columbia Pictures president Matt
Tolmach has stepped down and has launched
a new production company. He will produce
the next instalment of Spider-Man.
Tolmch's departure, Doug Belgrad will be
the sole president of Columbia Pictures
and will take on additional divisional responsibilities.
Tolmach and Belgrad, who have enjoyed one
of the longest and most successful executive
partnerships in recent motion picture history,
have shared the role of president of Columbia
Pictures since 2008.
Pictures Entertainment co-chairman Amy Pascal
said, "We tried to convince Tolmach
to stay in his current job but we understand
that the time has come and I completely
support his decision. Spider-Man
has been a big part of his life for the
last ten years and this is the perfect segue.
We know he is going to be a killer producer
for us. It is also the right moment for
Doug to step into a greater leadership position
within the company."