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Reuters: Universal Ousts Two Chairmen

From Reuters:

Universal Pictures on Monday ousted Chairmen Marc Shmuger and David Linde after recent box office flops, including big-budget comedy “Land of the Lost,” replacing the pair with their marketing and production chiefs.

Universal’s marketing head Adam Fogelson will now serve as chairman of the movie studio, and film production president Donna Langley will be co-chairman, reporting to Fogelson, Universal said in a statement.