Marc Shmuger, former co-chairman of Universal Pictures, is launching Worldwide Produce next month.
Tom McNulty, who had worked at Shawn Levy's 21 Laps, is Shmuger's first hire. He'll be president of the production company.
"He's just a really savvy producer with great taste and really impressively commercial -- just really spot-on commercial instincts," Shmuger told TheWrap. "I really am looking forward to the ride ahead."
Shmuger said it's too early to say how many pictures the company will make a year.
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