Overview

• Rice chose not to renew his contract and will depart at the end of the year after informing staff in an internal memo.
• He will remain connected to the company as an advisor and will produce under a first-look deal with Fifth Season.
• Taylor will assume sole CEO duties, and industry reporting indicates the company is expected to recruit a senior TV executive after the president-of-TV role was left vacant by Joe Hipps’ exit last year.
• Fifth Season logged 36 Emmy nominations across six projects, with Severance’s latest season winning eight and ranking as the second-most nominated season in Emmy history.
• The studio began as Endeavor Content in 2017 and rebranded following a January 2022 deal that gave CJ ENM a majority stake and brought in Toho as a minority investor.