The news comes as Amazon is now reviewing two expensive dramas the streamer has in the works from The Weinstein Co.in the wake of rape and sexual harassment allegations against former co-founder Harvey Weinstein.
Incyte Corp (NASDAQ:INCY) Institutional Investor Sentiment Trend
In the most updated research from a number of analysts on Wall Street, the company gets 18 Buys and 0 Sell among 22 analysts. It dived, as 57 investors sold INCY shares while 158 reduced holdings. 67 funds opened positions while 153 raised stakes.
The Amazon Studios president's departure comes in the face of renewed sexual harassment allegations and multiple signs that Amazon and others in the industry had withdrawn their support from the embattled executive.
Hackett told THR she went public partly because she was inspired by the women who had the courage to come forward to accuse Weinstein, a powerful show business executive who threatened to ruin people's careers.
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"I think women inspire each other", Ms. Hackett said. "I said I was the proof". The future is unclear for Mad Men creator Matthew Weiner's The Romanoffs and director David O. Russell's untitled drama, which were both to be co-financed by TWC.
Following a mandate by Bezos to focus resources on shows with greater hit potential, Amazon canceled dramas "Z: The Beginning of Everything" and "The Last Tycoon". Albert Cheng, a former ABC executive who joined Amazon's video group two years ago, will be the interim head of the unit. In addition, she also worked with Kirkman in developing "Outcast", which airs across the Fox global channels group and on Cinemax in the U.S.
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As of now, Rango and Pirates of the Caribbean director Gore Verbinski is set to direct from Josh Zetumer's script. In 2015, the Magic Mike star appeared at Fox's Comic-Con International panel to tease the standalone film.