A shakeup at Alchemy leaves chief Bill Lee out, as Kelly Summers and Scott Guthrie have been appointed co-presidents. According to an announcement, they report to Alchemy board chairman Jesse Watson.

Five months after a management team led by Lee and Virgo Investment Group LLC partnered to acquire Millennium’s 665 catalog titles and its distribution platform from a consortium of investors, they’re ...

Alchemy is in deep trouble. Its most anticipated title, “The Lobster,” has been sold to A24; it’s facing “financial discrepancies,” and major cutbacks. However, while other indie distributors fend off ...