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Nancy Utley and Steve Gilula, the duo that for two decades have led one of Hollywood’s most successful prestige film companies, are stepping down.
Utley and Gilula on Tuesday announced their retirement as chairmen of Searchlight Pictures, known for shepherding Oscar winners “Slumdog Millionaire,” “12 Years a Slave,” “Birdman” and “The Shape of Water.”
Their exit, expected to take effect in June, comes just days ahead of the 93rd Academy Awards, where Searchlight film “Nomadland” is considered the favorite to win best picture.
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