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Sophie Watts, president of STX Entertainment, steps down

STX Entertainment President Sophie Watts has unexpectedly resigned from her job at the Burbank-based start-up studio, the company said in a statement Tuesday.

The company, best known for the “Bad Moms” film franchise, did not say why Watts was leaving, other than to “focus on new business opportunities.” Watts will continue to serve as a strategic advisor, the studio said.

She could not be reached for comment.

STX was founded by movie producer Robert Simonds and TPG managing partner Bill McGlashan in 2014 with hefty funding from Silicon Valley and China.