Chris Rice to Step Down as Fifth Season Co-CEO

Chris Rice, who helped run Fifth Season for 15 years, is leaving his co-CEO role.

He's not leaving completely; he'll advise the company and work on some projects.

Graham Taylor, his partner, will become the only CEO.

Fifth Season is a company that helps make movies and TV shows.

Rice helped make shows like 'Severance,' which was nominated for many awards.

Rice and Taylor previously worked together at WME, before Fifth Season was formed.

Rice is returning to his roots of being a producer.