RON SCHWARTZ PROMOTED TO PRESIDENT AND GENERAL MANAGER, LIONSGATE HOME
ENTERTAINMENT SALES & DISTRIBUTION
Company's Home Entertainment Business Continuing To Build Momentum Following
SANTA MONICA, Calif., and VANCOUVER, B.C., June 12, 2013 /CNW/ - Ron Schwartz,
a 20-year veteran of Lionsgate (NYSE: LGF) and its predecessor companies, has
been promoted to President and General Manager of Lionsgate Home Entertainment
Sales and Distribution, the Company announced today.
The promotion recognizes Mr. Schwartz's ongoing leadership role in growing the
Company's $1 billion-a-year home entertainment operations as they continue to
build momentum following the most successful year in their history.
Led by the blockbusters HUNGER GAMES and THE TWILIGHT SAGA: BREAKING DAWN –
PART 1, two of the three biggest home entertainment releases in the industry
last year, Lionsgate achieved nearly 10% market share in calendar 2012,
ranking among the top five home entertainment distributors. The Company is
off to a fast start in calendar 2013 as well, driven by releases such as THE
TWILIGHT SAGA: BREAKING DAWN – PART 2, one of the biggest home entertainment
titles of the year to date.
During Mr. Schwartz's tenure, Lionsgate's 15,000-title library has achieved
eight consecutive years of revenue growth. He recently helped orchestrate the
Company's distribution deal with A&E Network, adding thousands of titles to
the Lionsgate library. Lionsgate's 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
Mr. 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, FRIENDS WITH KIDS and the
day-and-date theatrical/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,"
said Lionsgate Co-Chief Operating Officer and Motion Picture Group President
Steve Beeks. "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
Prior to his promotion, Mr. Schwartz served as Executive Vice President and
General Manager of Lionsgate Home Entertainment for seven years, playing a key
role in the Company's adoption of new technologies and formats such as BluRay
and Ultraviolet and establishing Lionsgate as the industry leader in box
office–to-DVD and box office–to-VOD conversion rates. He joined Lionsgate
predecessor company Trimark in 1992.
In addition to Mr. Schwartz, Lionsgate CEO Jon Feltheimer, Vice Chairman
Michael Burns, Co-Chief Operating Officers Steve Beeks and Brian Goldsmith and
General Counsel and Chief Strategic Officer Wayne Levin have all signed new
long-term agreements with the Company during the past year.
ABOUT LIONSGATE Lionsgate is a leading global entertainment company with a
strong and diversified presence in motion picture production and distribution,
television programming and syndication, home entertainment, family
entertainment, digital distribution, new channel platforms and international
distribution and sales. Lionsgate currently has 28 television shows on 20
networks spanning its primetime production, distribution and syndication
businesses, including such critically-acclaimed hits as the multiple Emmy
Award-winning Mad Men and Nurse Jackie, the comedy Anger Management, the
broadcast network series Nashville, the syndication successes Tyler Perry's
House of Payne, its spinoff Meet the Browns, For Better Or Worse, The Wendy
Williams Show, Are We There Yet? and the upcoming Orange Is The New Black.
Its feature film business has been fueled by such recent successes as the
blockbuster first installment of The Hunger Games franchise, The Twilight Saga
Breaking Dawn – Part 2, Now You See Me, Tyler Perry's Temptation, Warm
Bodies, Snitch, Texas Chainsaw 3D, The Expendables 2, The Possession,
Sinister, The Cabin in the Woods and Arbitrage. Lionsgate's home entertainment
business is an industry leader in box office-to-DVD and box office-to-VOD
revenue conversion rate. Lionsgate handles a prestigious and prolific library
of approximately 15,000 motion picture and television titles that is an
important source of recurring revenue and serves as the foundation for the
growth of the Company's core businesses. The Lionsgate and Summit brands
remain synonymous with original, daring, quality entertainment in markets
around the world.
For Lionsgate corporate inquiries, please contact: Peter D. Wilkes
Kinley L. Cross 310.255.5114 email@example.com
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-0- Jun/12/2013 12:02 GMT
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