A 15-year partnership is coming to an end. Chris Rice will be leaving his post as co-CEO of Fifth Season . In an internal memo, which you can read below, Rice revealed that he has opted not to renew his contract, which is up at the end of the year. Rice’s longtime partner, fellow co-CEO Graham Taylor , will become the film and TV production and distribution company’s sole CEO.

Rice will not cut ties with Fifth Season after Jan. 1. He will remain an advisor to the company and continue working on some projects, while also signing a first-look deal with the independent studio in a return to his producing roots.

Taylor comes from film background. With Rice, a TV executive, leaving, and Fifth Season’s President of TV Joe Hipps not yet replaced after he departed last year , the company

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