Reese Witherspoon splits from producing partner Bruna Papandrea

Reese Witherspoon Sings "Sweet Home Alabama" at 40th B-Day


Reese Witherspoon and Bruna Papandrea, who co-founded the production company Pacific Standard, are going their separate ways. Witherspoon will retain control of Pacific Standard while Papandrea will move on to other ventures.

The duo have been running Pacific Standard since 2012, producing Gone Girl, Wild and Hot Pursuit through the company. Gone Girl was a breakout hit, collecting $369.3 million worldwide, while Wild earned Witherspoon a best actress Oscar nomination and Laura Dern a best supporting actress nom. Hot Pursuit, however, stumbled at the box office, earning just $51.7 million.

Pacific Standard's latest project, HBO series Big Little Lies, is slated to debut in 2017. It stars Witherspoon, Nicole Kidman and Shailene Woodley.

PHOTOS: Reese Witherspoon in 'Wild'

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Pacific Crest Trail - hiking - Wild movie - Reese Witherspoon
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Pacific Crest Trail - hiking - Wild movie - Reese Witherspoon
BEVERLY HILLS, CA - JANUARY 15: An image is displayed on a big screen onstage of Best Actress nominee Reese Witherspoon for her role in the film 'Wild' at the 87th Academy Awards Nominations Announcement at the AMPAS Samuel Goldwyn Theater on January 15, 2015 in Beverly Hills, California. (Photo by Kevin Winter/Getty Images)
PORTLAND, OR - DECEMBER 08: Jean-Marc Vallee, Reese Witherspoon and Laura Dern arrive at the premiere of 'Wild' at Cinema 21 on December 8, 2014 in Portland, Oregon. (Photo by Jackie Butler/Getty Images)
PORTLAND, OR - DECEMBER 08: Reese Witherspoon arrives at the premiere of 'Wild' at Cinema 21 on December 8, 2014 in Portland, Oregon. (Photo by Jackie Butler/Getty Images)
NEW YORK, NY - DECEMBER 03: A general view of the atmosphere at Apple Store Soho Presents : Meet the Filmmakers : Reese Witherspoon, Laura Dern and Cheryl Strayed, 'Wild' at Apple Store Soho on December 3, 2014 in New York City. (Photo by Brent N. Clarke/WireImage)
NEW YORK, NY - DECEMBER 03:(L - R) Reese Witherspoon, Laura Dern and Thomas Sadoski attend Official Academy members screening of 'Wild' on December 3, 2014 in New York City. (Photo by Bennett Raglin/Getty Images for Academy of Motion Picture Arts and Sciences)
NEW YORK, NY - DECEMBER 03: Actress Reese Witherspoon attends Official Academy members screening of 'Wild' on December 3, 2014 in New York City. (Photo by Bennett Raglin/Getty Images for Academy of Motion Picture Arts and Sciences)
GOOD MORNING AMERICA - Oscar winner Reese Witherspoon talks about her new film, 'Wild,' on GOOD MORNING AMERICA, 12/3/14, airing on the ABC Television Network. (Photo by Ida Mae Astute/ABC via Getty Images)
BEVERLY HILLS, CA - NOVEMBER 19: Actress Reese Witherspoon attends the premiere of Fox Searchlight's 'Wild' at AMPAS Samuel Goldwyn Theater on November 19, 2014 in Beverly Hills, California. (Photo by Frederick M. Brown/Getty Images)
BEVERLY HILLS, CA - NOVEMBER 19: Actress Reese Witherspoon arrives at the Los Angeles premiere of 'Wild' at AMPAS Samuel Goldwyn Theater on November 19, 2014 in Beverly Hills, California. (Photo by Axelle/Bauer-Griffin/FilmMagic)
BEVERLY HILLS, CA - NOVEMBER 19: Actresses Laura Dern and Reese Witherspoon arrive at the Premiere of Fox Searchlight's 'Wild' at AMPAS Samuel Goldwyn Theater on November 19, 2014 in Beverly Hills, California. (Photo by Frazer Harrison/Getty Images)
BEVERLY HILLS, CA - NOVEMBER 19: Actress Laura Dern, author Cheryl Strayed and actress Reese Witherspoon arrive at the Los Angeles premiere of 'Wild' at AMPAS Samuel Goldwyn Theater on November 19, 2014 in Beverly Hills, California. (Photo by Gregg DeGuire/WireImage)
Sign for the Pacific Crest trail with Mount Adams in background
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OREGON - Sign marking the Pacific Crest National Scenic Trail at Timberline winter sports resort on Mount Hood.
Pacific Crest Trail, Goat Rocks Wilderness Area, Washington State, USA, Pacific NW, Cascade Mountains, Mt Rainier, USPS Stamp
A man hiking the Pacific Crest Trail with a lake in the background.
USA, WA, Gifford Pinchot NF. Pacific Crest Trail sign
Trail sign near Lake Hughes, California.
View of Three Figer Jack from the Pacific Crest Trail in the Oregon Cascade mountains
USA, WA, Gifford Pinchot NF. Pacific Crest Trail sign
SIERRA NEVADA MOUNTAINS SEEN FROM PACIFIC CREST TRAIL. NORDEN, CALIFORNIA. USA. H
California, United States, North America
Pacific Crest trail Bridge at Dry Creek.
Coyote Ridge, along the Pacific Crest Trail, Goat Rocks Wilderness, Washington
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"I'm very proud of the projects that Bruna and I have produced together," Witherspoon said Thursday in a statement. "Bruna is a hard-working, extremely talented producer. I'm happy to further collaborate with her on the strong slate of Pacific Standard properties. "

Witherspoon and Papandrea have been acquiring a slew of material, mainly books, over the past couple of years. They will continue to produce the projects they have in development together, including the ABC series Broken starring Anna Paquin, an adaptation of Luckiest Girl Alive with Lionsgate and Barbie and Ruth, the story of the woman who created Barbie.

Witherspoon continues to act while producing, most recently doing voice work for the upcoming animated film Sing and starring in Big Little Lies. She also launched the fashion line Draper James. Papandrea, originally from Australia, previously produced Warm Bodies, Smart People, Milk and All Good Things before starting Pacific Standard.

Read more: Reese Witherspoon on Her Production Company: "We Support New Female Voices in Film"

PHOTOS: Reese Witherspoon through the years

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Reese Witherspoon through the years
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