First Independent Pictures president Gary Rubin is leaving the company he founded to become senior vice president of theatrical production and distribution company at Cohen Media Group. However, Rubin said that First Independent is "definitely not closing shop."
For the time being, Rubin said First Independent remains under his control, but an announcement regarding its future is on its way.
"My full attention will be on Cohen Media and I will in my spare hours be looking at First Independent," said Rubin. "Sometimes something just comes your way that you can't pass up. The market is very different right now. When someone comes to you and says they want you and make an attractive offer, you can't pass it up."
First Independent has released films such as David Mamet's "Edmond," Rob Siegel's "Big Fan and last year's "Holly Rollers." Prior to First Independent, Rubin served as executive VP, TV sales and acquisitions for Artisan Entrainment and as VP of ancillary distribution and library acquisitions for October Films.
Said Cohen Media Group chairman and CEO Charles S. Cohen, "Having someone of Gary’s caliber round out our senior team allows us to have significant bicoastal representation, even more effective reach and continue to develop relationships with the new filmmakers of our time."
Next up for Cohen Media is Jean Becker's "My Afternoons with Margueritte," premiering in New York and Los Angeles in May. Rubin, who will be at the Sundance Film Festival scouting American films to round out Cohen Media's slate, promised some "exciting production-oriented annoucement" in the near future.
For now, Rubin is working to build the company's distribution system. "We hope to compete with the obvious players," he said.