Entertainment One’s (eOne) president of film, Nick Meyer, is stepping down from his role, Playback understands.

Meyer (pictured) was appointed to the role in July 2018 after the Toronto-headquartered company completed the acquisition of Sierra Pictures, the Hollywood-based film finance, production and sales company where Meyer was CEO.

He will exit eOne at the end of June, according to a letter that was published by Deadline, which reported that the memo was issued to staff last week. The company did not disclose the reason for his departure.

The move comes as parent company Hasbro looks to sell the majority of eOne’s assets, including its film and television business.

The U.S. toy giant acquired eOne in 2019 in a deal valued at US$3.8 billion, and in 2022 announced it was selling eOne’s film and TV business, including a content library of over 6,500 film and TV titles.

Hasbro said it plans to retain certain eOne IP “with strong toyetic potential,” such as Peppa Pig, as it focuses on a branded entertainment strategy that involves a strategic investment in core Hasbro IP and key franchise brands.

Meyer led all film content across eOne’s global content platform, and reported to Mark Gordon, eOne’s president and chief content officer of film, television and digital, as well as Steve Bertram, eOne’s president, film, television and digital.

Photo by Andrew H. Walker/Getty Images