Ron Schwartz Promoted at Lionsgate12 Jun, 2013 By: Erik Gruenwedel
Lionsgate June 12 said it upped veteran executive Ron Schwartz to president and GM of its home entertainment sales and distribution.
Schwartz, a 20-year executive with Santa Monica, Calif.-based Lionsgate, received the promotion following a fiscal year that saw the mini-major’s home entertainment division generate a record $1 billion in revenue.
Previously, Schwartz served as EVP and GM of home entertainment for seven years, playing a key role in the company's adoption of new technologies and formats such as Blu-ray Disc and UltraViolet, and establishing the mini-major as the industry leader in box office–to-DVD and box office–to-VOD conversion rates. He joined Lionsgate predecessor company Trimark in 1992.
During his tenure, Lionsgate's 15,000-title library has achieved eight consecutive years of revenue growth. Schwartz recently helped orchestrate the company's distribution deal with A&E Network, adding thousands of titles to the Lionsgate library. Digital and on-demand revenues also grew by 46% last year to a record $270 million, and the company is widely recognized as an innovator in delivering content to digital and traditional platforms alike.
Schwartz is also a key member of the team that acquires films, in conjunction with sister company Roadside Attractions, for Lionsgate's growing specialty theatrical business. The Lionsgate/Roadside Attractions partnership has already acquired and released such critically acclaimed and commercially successful films as Winter’s Bone, The Cove and Friends With Kids, and the day-and-date theatrical and VOD successes Arbitrage and Margin Call.
"Ron is a gifted and experienced executive who has helped guide our home entertainment business to several years of sustained and profitable growth," Steve Beeks, co-COO and motion picture group president, said in a statement. "He has a keen grasp of the direction in which our business is heading, and he is ideally qualified to position Lionsgate as a global leader and innovator in delivering content to the full spectrum of home entertainment platforms."
Schwartz reports to Beeks in Santa Monica.