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Adam Fogelson to head film group at Robert Simonds' new studio
Adam Fogelson to head film group at Robert Simonds' new studio

Adam Fogelson, the former chairman of Universal Pictures, has been tapped to run the movie division of the new film and television studio founded by producer Robert Simonds. The hire elevates the profile of a fledgling venture that doesn't have a name yet but boasts $1 billion in funding. Fogelson will be chairman of the company's motion picture group, overseeing production, marketing, distribution and home entertainment strategy for the studio's films. The new company plans to finance, produce and release up to 10 movies a year with mid-range budgets far shy of the hoped-for blockbusters that major studios routinely spend $150 million or more to produce. Financial backers...

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