CEO Bob Rosenthal Resigns From Formosa Corporation – The Hollywood Reporter
Bob Rosenthal has stepped down as CEO of leading audio post-production company Formosa Group, Hollywood Reporter learned from many sources.
Friday’s news comes as a surprise as the well-known vet in the industry has been with the Formosa Group (currently operating under parent company Streamland Media) since he founded the company in 2013. The reason for his departure was not immediately clear.
Formosa Corporation and parent company Streamland Media did not respond to a request for comment CHEAP.
Formosa is home to a long list of top sound editors, designers and mixers, including winners of Academy Awards, BAFTAs, Emmys, MPSE Golden Reel Awards, and Guild honors. Society of Cinematic Sound. Among them was Ron Bartlett (sand dunes), Anna Behlmer (Magnolia Flower) and Mark Stoeckinger (John Wick: Chapter 4). The company also maintains divisions in broadcast, music, interactive media, and advertising.
Rosenthal spent much of his early career in music, where he was an executive at companies including Capitol Records/EMI, before moving into post-production. He later managed the sound division of Ascent Media Group and was president of CSS Studios before founding the Formosa Group. He is a member of the Academy of Motion Picture Arts and Sciences and the Academy of Television Arts & Sciences.
Streamland — which owns brands including Picture Shop, Ghost VFX and Picture Head — has grown its businesses including the Formosa Group in recent years through acquisitions. Among them, Streamland acquired Technicolor Post for $36.5 million in 2021. Ghost VFX recently experienced a round of layoffs in Los Angeles.
