MGM co-chairs and CEOs Gary Barber and Roger Birnbaum have named Ken Schapiro to the post of chief operating officer.
The co-founder and a managing principal of eight-year-old investment management firm Qualia Capital LLC, Schapiro will report to Barber and Birnbaum, who cited Schapiro's "background, experience and proven track record," as well his "skills and energy" as integral to building the new MGM. Qualia made an aggressive bid to invest in the ailing studio; Schapiro is well-versed with MGM's financials.
“While it is difficult to leave the business I co-founded with my partner Amir Malin, returning to an operating role to work with Gary and Roger at the new MGM from this early stage is too exciting a challenge to pass up/”
Before co-founding Qualia Capital LLC with Malin in 2003, Schapiro worked with him as president and COO at Artisan Entertainment, where the library tripled in size to 6000 titles during his six-year tenure. Schapiro was also exec v-p for Morgan Creek Productions.