According to sources, Brian Grazer and Ron Howard’s Imagine exercised their purchase of the remaining 49% of Jax over the holidays, and Hernandez and Burns decided to leave both Imagine and Jax, taking what they have learned from building upstart Jax into a prolific production company known for finding creative ways to efficiently produce high-end content, especially comedy, and start a new company together.
The exit is said to be amicable and the duo will continue to provide producing services on about a dozen Jax/Imagine shows. An Imagine Entertainment President replacement is expected to be announced soon. Hernandez and Burns were named Imagine Entertainment Presidents a year ago to oversee features, television, kids and family and international, running all scripted content at Imagine.
Imagine initially acquired 51% of Jax Media in early 2018, with a five-year term for buying out a company outright and for its principals to remain on board considered standard.Emily In Paris, Russian Doll, The Conners