STX Entertainment Names Angus Sutherland CEO, Replacing Peter Coleman

STX Entertainment has named Angus Sutherland its CEO, effective immediately, replacing Peter Coleman. The change comes two months after the studio announced its first new film in years.

STX announced the appointment on Tuesday. Sutherland assumes Coleman's day-to-day responsibilities at the studio, which was founded in 2014 and is known for star-driven independent films including Bad Moms, Hustlers, The Gentlemen and the Greenland films.

A short tenure for Coleman

Coleman had held the top job only since January. He was installed when Crown Productions, a subsidiary of A-CAP, acquired STX. The studio's leadership has therefore changed hands twice in the span of a year, once with the sale and again with this appointment.

In September, STX announced PRƎPPY, its first new film in years. That announcement was the first public sign of the studio's restart under its new ownership, and Sutherland now takes charge as that effort moves forward.

Sutherland keeps his bond company role

Sutherland is not leaving his other post. He remains COO of Film Finances International, the completion bond company he joined in July. The arrangement means he will run STX while continuing in his role at Film Finances.

He brings more than two decades of experience in development, acquisitions, financing, production and international sales. Most recently he was president of Artesian Wells Pictures, where he launched and ran Omar Sy's U.S. production company.

Earlier in his career he held executive roles at New Republic Pictures and MadRiver Pictures. New Republic's slate included 1917.

According to TheWrap, STX's slate focuses on original features, franchise opportunities and collaborations with leading filmmakers and production partners. That approach follows the identity the company built in its first years, when it paired recognizable stars with mid-budget, independent-minded projects.

Sutherland's background in financing and international sales fits the production and distribution side of that plan, while his time at Artesian Wells, New Republic and MadRiver covers both development and the building of production slates.

PRƎPPY, announced in September, remains the first title from the relaunched studio.