Lionsgate Ups Three Executives in Motion Picture Group Restructure

Joe Drake - Getty - H 2020
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Lionsgate motion picture group CEO Joe Drake.

The division has been consolidated into four verticals: marketing, distribution, strategy and innovation, and content.

Lionsgate's motion picture group has finished a restructure under chairman Joe Drake, with the studio now consolidated into four verticals: marketing, distribution, strategy and innovation, and content.

Jen Hollingsworth, who will continue on as COO of the motion picture group, will expand her oversight to lead the strategy and innovation team.

Ron Schwartz, who previously served as president of worldwide home entertainment, will now lead worldwide distribution for the group.

Damon Wolf will expand his global marketing and communications oversight to include all platforms and digital content releases as well as theatrical and digital releases through the home entertainment window.

Drake, who oversees the group, will continue to lead content, with Nathan Kahane (production), Jason Constantine (global acquisitions), and Jenefer Brown (live, interactive, and location-based entertainment).

“Since returning to Lionsgate three years ago, my focus and mandate has been reimagining the Motion Picture Group as a place for Artists to thrive," said Drake of the restructure. "Strengthening our company for the realities of a rapidly shifting marketplace has been priority one. That transformation began well before this year, but the pandemic has accelerated these changes and spurred us to adapt and enhance our flexibility. It was essential that we rebuild our operations with a forward-thinking lens."

The restructure comes after layoffs in March and then a second round that saw a reduction of 15 percent of the studio's workforce last month, ahead of a quarterly earnings call. During that November earnings call, it was noted that Lionsgate's motion picture revenues fell to $257 million from $405 million due to theater closings because of the pandemic.