No movie studio is immune from managerial shakeups, even one which enjoyed two of the biggest hits of the summer.

Jeff Shell is taking over Universal Studios, The Hollywood Reporter has confirmed. Ron Meyer becomes vice chairman of NBCUniversal, and Universal Studios chairman Adam Fogelson will depart….

Universal’s film studio has been on a good run with such hits as Fast & Furious 6 and Despicable Me 2, though R.I.P.D. proved to be a significant bomb.