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Universal Replaces Top Movie Studio Executives

Universal Studios has replaced its two top movie executives in an apparent effort to reverse the box-office slump prompted by a series of costly commercial failures.

Universal Studios President and Chief Operating Officer Ron Meyer said Monday that Universal Pictures co-chairs Marc Shmuger and David Linde were stepping down.

The two will be replaced with Adam Fogelson, who is the studio's marketing chief, and Donna Langley, the studio's president for production.

Meyer says Langley will report to Fogelson as she continues to oversee all production.

Shmuger and Linde were released following a summer of high-profile films that delivered disappointing returns, such as "Land of the Lost" and "Funny People."