Terry Press and Wolfgang Hammer have been named the new co-presidents of CBS Films by CBS CEO Les Moonves.
Press will run the creative, distribution, marketing and physical production side of the company while Hammer will oversee business, financing, legal affairs and acquisitions, according to a release.
CBS Films has had a pair of recent hits with "Salmon Fishing In the Yemen," which has taken $7 million to date, and "The Woman in Black," which has grossed more than $54 million. Hammer most recently served as the company’s COO while Press has been in charge of the marketing and distribution.
They replace Amy Baer who was dismissed in September 2011. The film company has been without formal leadership since then. Press has been a high-level adviser for many months.
Press is the former marketing chief of Dreamworks, where she led campaigns for films such as “Saving Private Ryan” and “Shrek.”
“She is highly respected across the industry for her instincts, taste and ability to conceive and adapt campaigns for any film in any genre,” Moonves said in a statement.
Before joining CBS, Hammer held a series of positions at Lionsgate, leaving as Executive Vice President of the motion picture group.
“Wolfgang is one of the brightest new stars in the industry,” Moonves said in a statement. “He is an aggressive and innovative dealmaker with terrific passion and talent for identifying the right film at the right time.”
CBS Films' upcoming slate includes horror flick "7500," romantic drama "The Words," starring Bradley Cooper and Zoe Saldana, and, in 2013, "Gambit," a remake of the 1966 film with a script from the Coen Brothers and starring Colin Firth, Cameron Diaz and Alan Rickman.
Here's the official press release:
TERRY PRESS AND WOLFGANG HAMMER
NAMED CO-PRESIDENTS OF CBS FILMS
LOS ANGELES – April 23, 2012 – CBS Corporation announced today that Wolfgang Hammer and Terry Press have been named Co-Presidents of the CBS Films division.
“In Terry and Wolfgang, we are fortunate to have two very skilled executives, each with terrific knowledge of the business and strong resumes of innovation,” said Leslie Moonves, President and CEO of CBS Corporation, to whom they will report. “They both possess the ‘roll-up-your-sleeves’ attitude for making, acquiring and marketing quality films for a division that is small in size, but laser-focused on assembling a mix of home-grown productions and acquisitions across a diverse range of genres. I look forward to the ongoing contributions they will make as they work together on all aspects of CBS Films to achieve our shared objective of developing great movies and growing this new part of our company.”
Terry Press, who has been consulting for the studio since 2010, will oversee creative, distribution, marketing and physical production for CBS Films. As the principal of 7570 Marketing Inc., she has consulted on several CBS Films releases including “The Mechanic,” “Salmon Fishing in the Yemen” and “The Woman in Black.” Additionally, she has consulted on recent films such as “The Hunger Games,” “Julie & Julia,” “The Social Network,” “Hugo” and “Valkyrie.” Prior to 7570, Press served as the head of marketing for DreamWorks SKG, where she oversaw the campaigns for all live-action and animated features including “Saving Private Ryan,” “American Beauty,” “Gladiator” and “Shrek.”
“Terry has been behind some of the biggest film campaigns of the past two decades,” added Moonves. “She is highly respected across the industry for her instincts, taste and ability to conceive and adapt campaigns for any film in any genre. We are thrilled that she will now be bringing her characteristic drive and creative energy to this new role at CBS.”
Wolfgang Hammer previously served as the Chief Operating Officer for CBS Films. He will oversee all business, finance, legal affairs and acquisitions, including financed, co-financed and completed projects for the division. As COO of CBS Films, he oversaw the acquisition of “The Woman in Black,” “Gambit” and “The Words,” as well as the co-financing and distribution deals for the upcoming Martin McDonagh
film “Seven Psychopaths.” Prior to joining CBS Films, Hammer served as Executive Vice President of the Motion Picture Group at Lionsgate. Before Lionsgate, Hammer served as Vice President, Production, at Media Rights Capital. He is a graduate of the University of Vienna Law School and earned his master’s at Stanford University.
“Wolfgang is one of the brightest new stars in the industry,” said Moonves. “He is an aggressive and innovative dealmaker with terrific passion and talent for identifying the right film at the right time. Since the day he arrived, he has been an integral part of the division’s growth and forward momentum, and played an important role in developing a slate of filmmaker-driven titles that have great quality and financial upside. His intelligence, business acumen and deal-making skills will be a key part of our effort, as we move to build our film division in the years to come.”
The studio’s most recent wide release was the hit “The Woman in Black,” which garnered strong reviews and has delivered more than $54 million in domestic box office. More recently, the division opened “Salmon Fishing in the Yemen” in limited release to excellent notices and a strong $12,550 per screen average. CBS Films recently wrapped production on the multi-generational comedy “Get A Job,” starring Bryan Cranston (“Breaking Bad,” “Drive”), Miles Teller (“Footloose,” “Project X”) and Anna Kendrick (“Up In The Air,” “50/50”). This summer, the studio will release the horror thriller “7500,” followed later in the year by Martin McDonagh’s action comedy “Seven Psychopaths,” the romantic drama “The Words,” starring Bradley Cooper (“The Hangover,” “Limitless”) and Zoe Saldana (“Avatar,” “Star Trek”) and, in 2013, the Coen-brothers scripted “Gambit,” starring Colin Firth, Cameron Diaz and Alan Rickman.