Lionsgate Pacts With CodeBlack CEO Jeff Clanagan

The indie studio and the film and TV comedy veteran will partner on a new company to penetrate the urban market with digital content.

TORONTO - Lionsgate is pacting with CodeBlack Enterprises founder Jeff Clanagan to extend its reach in digital urban market content.

Clanagan will base his new company at Lionsgate so the indie studio can mine his expertise in movies, TV, music and other content ripe for digital platforms.

The partnership follows Clanagan running No Limit Films in the 1990s, followed by operating Urban Works Entertainment from 2001 to 2005, and then launching CodeBlack Enterprises in 2005.

His newest venture at Lionsgate will be headed by Quincy Newell as general manager.

"Lionsgate has always been a home for entrepreneurs, and we're delighted to form a partnership with Jeff Clanagan, one of the true visionaries in urban media today," said Lionsgate co-COO and Motion Picture Group president Steve Beeks on Thursday.

Recent credits at CodeBlack Enterprises include a comedy special franchise top-lined by Steve Harvey, Cedric The Entertainer, Kevin Hart and Mo'Nique.

CodeBlack's theatrical movie credits include Shadowboxer, Lee Daniels’s directorial debut.