Miramax President Quits as Indie Film Sector Enters Death Throes

In the past few months, Disney boss Robert Iger has been on a tear; first firing his beloved film chief, Dick Cook. Now scaling back the company's specialty division, the once hallowed Miramax, to basically nothing.

The state of things was made clear today with the announcement that Miramax President Daniel Battsek would be stepping down. His decision came after news in recent weeks that Miramax headquarters would be moved from NYC to LA and that the company would scale back its annual release slate to three pictures, which is to say the functional equivalent of no pictures.

The shake-up ends the recent decades of dabbling all over the map for Disney and now leaves the independent film world decimated down to its core, with Fox Searchlight, Focus and Sony Classics the only major specialty units still moving at full steam following the departures or diminishments of New Line and , Paramount Vantage.

NOTE: A previous version of this mistakenly item listed Focus Features in the diminished list. We are delighted to learn that Focus is alive and well.