Lionsgate Co-COO Steve Beeks to Depart Studio
The 20-year veteran will become a consultant upon his exit at the end of the year as he eyes new "entrepreneurial opportunities."
Lionsgate co-COO and Motion Picture Group co-president Steve Beeks is set to leave the studio at the end of the year.
The 20-year veteran of Lionsgate will take on a consulting role as he looks to new opportunities, the studio said Monday.
"Having worked for so long in such a dynamic environment has inspired me to move forward with entrepreneurial opportunities of my own," Beeks said in a statement.
Beeks' pending departure follows Joe Drake's return to Lionsgate as co-chair of the Motion Picture Group. Drake serves alongside Patrick Wachsberger, who recently signed a new agreement with the studio to run Lionsgate's worldwide motion picture operations.
Drake replaced Rob Friedman as co-chairman of the Motion Picture Group, who left Lionsgate a year ago. Beeks was named Motion Picture Group co-president in 2012 and oversaw the studio's film production and acquisition strategy. That included box-office hits like La La Land and the Hunger Games and John Wick movie franchises.
Recent film successes include Wonder, The Hitman's Bodyguard and Lionsgate and Amazon Studios' The Big Sick. Beeks also oversaw the recent renewals of theatrical distribution agreements with StudioCanal and CBS Films and steered the growth of Lionsgate’s Pantelion Films and Codeblack Films labels.
Beeks heads for the exit as Lionsgate moves beyond its hit Hunger Games and Twilight franchises to leverage the studio's large and diversified portfolio of film and TV properties across multiple platforms, especially in the wake of the Starz acquisition, and to create new incremental business.
"We deeply appreciate Steve’s many contributions to our growth into a major global content platform,” said Lionsgate CEO Jon Feltheimer. "He remains a highly valued member of our Lionsgate family, and we are already working on new projects to do together."
Before joining Lionsgate’s Motion Picture Group, Beeks oversaw the studio's home entertainment operation and helped grow a 16,000-title film and TV library.