Beeks Named President at Lions Gate Entertainment25 Feb, 2004 By: Kurt Indvik
Steve Beeks has been named president of Lions Gate Entertainment, Inc., a new position in the company, after having served as president of Lions Gate Home Entertainment upon the merger of Lions Gate and Artisan late last year.
Beeks will oversee “several corporate operations and divisions” within the corporation, and will continue to have responsibility for Lions Gate Home Entertainment, according to the company, but no further details of his responsibilities were yet available, a spokesperson said.
Prior to the merger with Lions Gate, Beeks was president of Artisan Home Entertainment, which included Family Home Entertainment, and helped drive revenue from $115 million to approximately $300 million during his tenure, beginning in 1998. That kind of performance is what earned him the new post, said Jon Feltheimer, Lions Gate CEO, in making the announcement.
“At Artisan, Steve demonstrated that he can grow a business with efficiency, innovation and profitability,” Feltheimer said. “We look forward to his use of those proven skills in our continued corporate growth.”
With the merger of Lions Gate and Artisan, the new Lions Gate is considered one of the largest independent film and television producers and distributors in the business and a growing powerhouse in the home video world, with an estimated 4.35 percent of the total home video market, according to the company.
“With our expanded arsenal of assets following the merger, we are well positioned to build on our leadership as the premier independent filmed entertainment brand in all of our core businesses,” Beeks said.
In another executive move, Wayne Levin has been promoted to EVP, corporate operations, for Lions Gate Entertainment. Previously he was EVP of business and legal affairs for Lions Gate. Besides his expanded corporate operational responsibilities, Levin will continue to serve as Lions Gate's general counsel, with responsibility for legal and business activities.
Further announcements about the company's executive lineup are expected in the next few weeks.