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Andrew Karpen Named Co-CEO of Focus Features; James Schamus Re-Ups

Karpen will continue to report to Schamus

Andrew Karpen has been promoted to co-CEO of Focus Features, the indie studio said Wednesday. 

Karpen has been president of the company behind "Brokeback Mountain" and "The Place Beyond the Pines" since 2006. He will oversee the company in conjunction with James Schamus. Both men signed new contracts to remain at Focus.

Despite the dual CEO titles, Karpen will continue to report to Schamus who co-founded Focus in 2002. Together they will oversee the company's acquisitions, production, marketing, and distribution.

Though a fixture of the indie scene, Focus is owned by a major studio, NBCUniversal.

The studio's upcoming slate includes "The World's End," a new comedy from the "Hot Fuzz" team of Simon Pegg and Nick Frost; "Dallas Buyers Club,"  featuring an awards-bait performance by Matthew McConaughey as a man dying of AIDS; and "Kill the Messenger," a thriller starring Jeremy Renner.