Lionsgate Re-Ups Zygi Kamasa as CEO of Lionsgate U.K.25 Mar, 2015 By: Erik Gruenwedel
Executive gets expanded duties as head of mini-major’s European office
Lionsgate March 25 announced it signed Zygi Kamasa to a new long-term contract as CEO of wholly-owned subsidiary Lionsgate U.K. Kamasa also becomes chief executive of Lionsgate’s recently re-located (from Santa Monica, Calif.) international sales operations in London.
As Hollywood looks globally for expanded box office, digital and home entertainment opportunities, Lionsgate too has spearheaded revenue growth initiatives abroad, including forays into China — the world’s largest revenue box office in February.
With movie production credits such as Bend It Like Beckham, Salmon Fishing in the Yemen, The Railway Man, Filth and upcoming A Little Chaos with Kate Winslet, Kamasa came to Lionsgate in 2005 following its $35 million acquisition of Redbus Film Distribution.
In recent years Kamasa has led a movement to invigorate movie and TV production in Britain — with Lionsgate reaping the rewards.
“London is arguably the best city in the world [for filmmaking], with an amazing tax credit system,” Kamasa told The Independent in an interview last year.
Indeed, Lionsgate U.K. is coming off two straight years of record revenue and profits as the company continues to diversify its production slate. Kamasa and his team have overseen the investment, production and distribution of more than 350 films and have launched over 150 box office hits in the United Kingdom, including the first three installments of the "Hunger Games" franchise, the "Saw" horror franchise, Olympus Has Fallen, Cabin in the Woods and Stephen Soderbergh’s Magic Mike, among others.
“[Kamasa’s] business acumen, creative leadership and strong talent relationships will be invaluable as he continues to grow Lionsgate U.K.’s portfolio of businesses as well as exploring innovative growth opportunities across the European continent,” Steve Beeks, co-CCO and motion picture group president at Lionsgate, said in a statement.