EXCLUSIVE: We understand that Row K’s top trio of executives — President Megan Colligan, Chief Revenue Officer Mo Rhim and Chief Marketing Officer Ben Carlson — are in the midst of steering their boats out of the nascent U.S. distributor
The trio are currently negotiating their exits, according to sources, following news that Row K is money-strapped. Meanwhile, parent company Media Capital Technologies is trying to course-correct their boat, and looking to prioritize more commercial projects over arthouse selections.
MCT is also in active discussions with executives to backfill the rotating C-suite; we understand Row K Head of Distribution Steve Garrett is staying.
In addition, we hear that Row K’s Toronto Film Festival acquisition, the critically acclaimed Maude Apatow-directed comedy Poetic License (91% fresh on Rotten Tomatoes), is searching for a new distributor. We’re told that Row K can’t fulfill its legal obligations on the pic’s acquisition.
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