The two top executives at Metro Goldwyn Mayer — — announced their impending departures on Wednesday, one month after Amazon closed its of the film studio.
In a memo to employees, Mr. De Luca and Ms. Abdy said they would leave this summer.
“We came to MGM to help restore its vibrancy among the storied studios of the last century, and we are proud to say, thanks to all of you and your efforts, it is mission accomplished,” they said in the memo. “With our goal achieved, and as we look ahead, we feel now is the right time for us to move on and explore our next chapter and challenge.”
Brought on board in early 2020 in an effort to bolster the studio and ready it for a sale, the executives put together an ambitious — if not totally successful — theatrical slate, working with such filmmakers as Ridley Scott, Paul Thomas Anderson and Joe Wright. Committed to theatrical distribution, the company was hampered when audiences largely stayed away from theaters during the pandemic. Mr. Scott’s “House of Gucci” brought in over $156 million, but the studio’s ambitious remake of “Cyrano” from Mr. Wright barely crossed $6 million.
Channing Tatum’s “Dog” was a surprise hit, grossing $76 million worldwide. MGM also nabbed a best picture Oscar nomination — the studio’s first in more than 30 years — for Mr. Anderson’s “Licorice Pizza.”