In a new report from Deadline, Walt Disney Studios Motion Picture Production President Sean Bailey is stepping down from his role after 15 years.

Walt Disney Studios Executive Departs

Bailey is to be replaced by Searchlight’s co-President David Greenbaum, who will serve in the newly created role of “president of Live Action and 20th Century Studios,” per Variety. He will report to Disney Entertainment co-chairman Alan Bergman.

Bailey first joined the studio as the producer of 2010’s “TRON Legacy,” and will stay on to produce Joachim Ronning’s “TRON: Ares” before he moves on to “more entrepreneurial endeavors.” Rumors suggested that he was going to take the Head of Film role at Netflix from Scott Stuber, who is also departing his role; this turns out to not be the case, per Deadline.

Greenbaum serves as co-President of Searchlight with Matthew Greenfield. The studio is in the midst of Oscar season with Best Picture nominee “Poor Things” starring Emma Stone.

Bailey has been involved with many of Disney’s live-action remakes, including “The Lion King,” “Beauty and the Beast,” “Aladdin,” and “The Jungle Book,” bringing in near $7 billion in global box office revenue. When Disney+ launched in late 2019, Bailey’s role expanded to oversee the streamer’s live-action films, which included reimaginings of “Lady and the Tramp” and “Pinocchio,” as well as “Togo,” “Hocus Pocus 2,” “Disenchanted,” and “Peter Pan & Wendy.”

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