EXCLUSIVE: Jason Bergsman, the seasoned business executive who helped Joe and Anthony Russo build AGBO into a major content provider, will step down as CEO this fall.
There are indications that the paths have parted amicably and stem from a mismatch between the current stage of AGBO’s evolution and Bergsman’s long-term career interests. He agreed to stay for the next 60 days.
AGBO is undertaking a number of high-profile projects and is completing its largest one to date. gray manwhich, according to the company, is one of the most watched feature films in Netflix history.
Prior to joining AGBO in 2020, Bergsman was a partner and co-founder of The Chernin Group, where he focused on building, acquiring and investing in digital media companies. He served on the Board of Directors of Crunchyroll and continues to serve on the Board of Directors of MeatEater, the outdoor media and e-commerce company he founded. Prior to TCG, Bergsman worked in business development at NBC Universal, corporate strategic planning at Disney, and investment banking at Goldman Sachs.
Below are two internal memos sent to AGBO staff: one from Russos and AGBO co-founder and vice chairman Mike Larocca; and the other from Bergsman.
Dear AGBO team –
We want to share important organizational news. Having achieved many of the key goals he set for himself upon joining AGBO, Jason Bergsman made the decision to leave the company.
Since Jason took over as CEO in early 2020, we are very pleased that AGBO has made great strides in many areas under Jason’s leadership. He has been a significant contributor as we continued to build AGBO into a well-capitalized, smooth-running and unique independent entertainment company.
During his tenure, Jason led the streamlining of the company’s lines of business; worked with creative leadership to create our universe-centric creative strategy that leverages AGBO’s unique in-house talent; and followed a business strategy that reflects and supports this creative positioning and the full potential of creating a franchise.
Jason has also been instrumental in building our excellent senior management team and securing a solid financial footing for the company, working with key AGBO executives to spearhead AGBO’s funding and partnership agreement with Asian gaming giant Nexon. As we previously reported, this partnership provides AGBO with both capital and an extensive bilateral strategic relationship that firmly integrates video games into AGBO’s future.
We are eternally grateful to Jason for his strategic and operational leadership and for the continued value that his contributions will bring to our team, culture and company in its development.
Jason leaves behind a strong team of both long-term and newly hired creative leaders who are very well placed to lead the Company into the future. To ensure a smooth transition, Jason agreed to remain CEO for the next 60 days and work closely with company management.
Joe, Anthony and Mike
First, thank you Joe and Anthony for your kind words here and in general, for your partnership and support.
I am extremely proud of the work we have all done together since I joined AGBO in early 2020. In addition to the many collective accomplishments that Joe and Anthony have so kindly mentioned, we have polished AGBO’s well-deserved reputation and laid a solid foundation. for continued success in the coming years.
When I joined the company, I was confident in the unrivaled capabilities of our AGBO team and the ability to bring them into line with the requirements of a dynamic but changing market. But what I didn’t realize on the first day was how much I would be so inspired and encouraged by the creative energy here and the collaborative spirit that goes into everything we do.
It was my pleasure to work with each of you and learn from each of you. While we have achieved so much together, I have made the decision to move forward with the confidence that much more is yet to come thanks to your valuable input and the leadership of our incredible management team.
All the best,