In a pre-Berlin announcement, Marc Butan is exiting Panorama Media and joining Sierra/Affinity as its co-president to share that role with Sierra/Affinity's Marc Schaberg.

Panorama, launched two years ago, will reduce its involvement in financing and production while continuing as the international sales agent on select projects from Megan Ellison's Annapurna Pictures as well as select third-party titles.

Butan will oversee Sierra/Affinity's feature film development and production to compile what's being touted as a slate of "wide release, director-driven commercial films" to complement slates built by Sierra/Affinity partners OddLot Entertainment and Bold Films.

Butan, who helped launch Panorama in 2012, will bring films from Panorama's production slate to Sierra/Affinity including "Lost City of Z," an action adventure with James Gray set to direct; the cop thriller "Triple Nine," with John Hillcoat attached to direct; an adaptation of Diane Ackerman's "The Zookeeper's Wife," to be directed by Niki Caro; and "Pride, Prejudice and Zombies," based on Seth Grahame-Smith's novel, to be directed by Burr Steers.

"As Panorama currently focuses on sales, we will continue to work closely with Marc and Sierra/Affinity to create a seamless transition for these titles," said Panorama's head of international sales Kimberly Fox. "We are very excited to focus on our core business, the sales of so many high-quality films. Marc is a friend and we wish him all the best."

Panorama, which launched at Cannes in 2012 by selling "Zero Dark Thirty," is currently selling "American Hustle" and "Her." It will continue selling such titles as Annapurna's "Foxcatcher" and third-party films including Marjane Satrapi's "The Voices," which premieres at the Sundance Film Festival and stars Ryan Reynolds, Gemma Arterton, Anna Kendrick and Jacki Weaver.

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