Fox Kids Europe released a statement saying CEO Bruce Steinberg has been voted out of his post by the company’s supervisory board. Fox Kids Europe group managing director and executive VP Paul Taylor will take over the reins of the European kids channel largely owned by the Walt Disney Co.
Reasons for Steinberg’s dismissal have not been made public but FKE CFO Martin Weigold told The Hollywood Reporter that there is "nothing untoward" about the decision. Company performance is not likely to be at issue, since revenues for FKE reportedly rose 17% in the six months ending March 31. Steinberg was at the end of his two-year contract.
Taylor, who previously worked for Steinberg at British Sky Broadcasting and U.K. Gold, replaces the outgoing CEO today as he presides over a meeting called in Holland to discuss changing the name of the company from Fox Kids Europe to Jetix Europe NV. Jetix is the new brand for FKEs boys animated action programming blocks.