Matt Dubin, executive vice president of the Formosa Group, “takes over operational responsibilities and reporting structure,” formerly held by founder and CEO Bob Rosenthal, who surprised many when he stepped down on March 31. The Hollywood Reporter has learned.
Dubin is a familiar face at the leading audio post-production company, where he has worked since its inception in 2013.
The company was approached but declined to comment.
Bill Romeo, CEO of parent company Streamland Media, announced the news to staff on Monday. THR learned. “I am confident that Formosa Group will benefit from the dedication and leadership Matt has shown since the company was founded and that Formosa Group will continue to thrive in his capable hands,” he wrote in a memo.
Also on Monday, Romeo announced that Tim Nett, one of the original partners and founders of Formosa Group and sister companies Picture Shop and Picture Head, has been appointed COO of Streamland. Original partners Barbara Glazer and Mike Greenfield will also serve as advisors to the company.
THR previously broke the news of Rosenthal’s resignation, whose last official day at Formosa Group was Friday. A day earlier, a so-called “Formosa Group Collective” – a name used to include employees of all divisions, including the award-winning audio talent – sent a petition to the top of Streamland, urging it to take control of the company hold. Rosenthal’s leadership.
Formosa is home to many of the world’s leading sound editors, designers, and re-recording mixers, including Oscars, BAFTAs, Emmys, MPSE Golden Reel Awards, and Cinema Audio Society trophies. Among them are Ron Bartlett (Dune), Anna Behlmer (Mulan) and Mark Stoeckinger (John Wick: Chapter 4). The company also has divisions in broadcasting, music, interactive media and commercials.