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Michael Wright out as CEO of Steven Spielberg's Amblin Partners

Michael Wright out as CEO of Steven Spielberg's Amblin Partners

Acclaimed filmmaker Steven Spielberg has replaced Michael Wright as chief executive of Amblin Partners as his production company struggles to find its footing in an increasingly challenging movie market.

Wright is leaving the company after three years, effective immediately, Los Angeles-based Amblin said Tuesday. Wright oversaw hits including “The Girl on the Train” and “A Dog’s Purpose,” but was faulted for being too slow to develop new projects at a time when production companies need robust film lineups to stay competitive, people close to the company said.

Amblin’s March release “Ghost in the Shell” was a big-budget flop, though that project was in the works long before...

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