Beeks Named Prez of Lionsgate Motion Picture Group9 Mar, 2012 By: Erik Gruenwedel
Lionsgate March 9 announced it has named Steve Beeks president of its motion picture group as part of the ongoing integration of recent acquisition Summit Entertainment. A 14-year veteran with Lionsgate, Beeks also signed a long-term agreement to continue as co-COO of the Santa Monica, Calif.-based minimajor.
Beeks will be responsible for corporate operations and administrative matters for the combined studios, in addition to playing a key role in Lionsgate’s strategic direction. He also has direct oversight of Lionsgate U.K. and Lionsgate’s home entertainment operations, including packaged media, worldwide television distribution and digital media initiatives.
Within the motion picture group, Beeks will focus on business, financial and planning decisions for the combined studios’ theatrical slates, including their home entertainment releases, while newly named motion picture group president of production Erik Feig will spearhead creative decisions. Beeks and Feig both report directly to motion picture group co-chairs Rob Friedman and Patrick Wachsberger.
As co-COO, Beeks will continue to report to Lionsgate CEO Jon Feltheimer.
Beeks' appointment to motion picture group president facilitates an even more integrated approach to Lionsgate's feature film releases as they are distributed in their theatrical and home entertainment windows, according to Feltheimer.
“With the growth of our combined operations through the recent Summit acquisition and a combined feature film slate that is now capable of generating a billion dollars a year at the North American theatrical box office alone, Steve's ongoing focus on financial discipline, cost control and overhead management is more critical than ever,” Feltheimer said. “We have achieved one of the best overhead-to-revenue and productivity track records in the industry in recent years, and Steve will play an integral role in maintaining these imperatives as we continue to grow.”