AGBO Co-Founder Mike Larocca Leaves Russo Brothers Studio – Deadline

The Russo brothers’ longtime partner, Mike Larocca, will leave the AGBO film studio he co-founded at the end of this year, Deadline has confirmed. As AGBO Co-Founder and Vice President, Larocca focused on creative development and production.

Joe and Anthony Russo said in a statement to Deadline: “We founded AGBO with Mike seven years ago. In that time, he has been an exceptional producing partner and an exceptional friend. We are proud of what we have accomplished together and we know Mike will continue to do an amazing job on his next project.”

Deadline understands that Larocca’s departure is an amicable one and is looking at the next chapter of his career. It leaves AGBO on a high note, as the studio is evaluated at $1.1 billion after receiving a $400 million investment (for a 38% stake) from Tokyo-based video game maker Nexon Co. Ltd last year. past.

At AGBO, among other film and television projects, Larocca was a producer on the Netflix mega-hit The Grey Man, starring Ryan Gosling and Chris Evans. That photo is one of the streamer’s top five most viewed movies worldwide with more than 253.8 million hours logged. He was also a producer on the Netflix film Chris Hemsworth. Extraction, the seventh most watched film on the OTT service with more than 231 million hours. Larocca also produced the Academy Award-winning film for Best Picture and A24’s highest-grossing title ($140M WW), Everything everywhere at once which is also AGBO’s first independent drama. AGBO’s other production credits include mosul; the horror thriller Relic; Cherry, directed by the Russos and starring Tom Holland; and 21 bridges starring Chadwick Boseman. Larocca is a producer on the upcoming film. The Electric State starring Millie Bobby Brown and Chris Pratt for Netflix; Extraction 2 starring Chris Hemsworth for Netflix; and an EP on Prime Video’s second most-watched series of all time, Citadeland the next Prime Video series butch and sundance Starring Regé-Jean Page and Glen Powell.

Larocca has been with the Russos since their first production company Getaway, which was based at Sony Studios prior to the launch of AGBO. Prior to the Russos, Larocca was Senior Vice President of Production at Chernin Entertainment. There, he was an EP in the hit comedy by Melissa McCarthy. To spy ($235.7 million WW); The drop, starring James Gandolfini and Tom Hardy; and was co-producer of rise of the planet of the apes ($481.8M WW). Larocca was previously a Vice President of Spyglass Entertainment.

Spanning the development and production of IP spanning film, television, audio, publishing and gaming, AGBO is on a mission to innovate and advance the next generation of storytelling to entertain and inspire audiences around the world. AGBO’s “Gozie Agbo” poster is geared towards championing the exciting visionaries of independent film. AGBO is headquartered in Los Angeles.