SANTA MONICA, Calif., March 5, 2013 /PRNewswire/ -- In a move reflecting the continued growth of its international theatrical business, Lionsgate (NYSE: LGF), a leading global entertainment company, has named 22-year industry veteran Andrew Kramer to be Chief Operating Officer, International Distribution, it was announced today by Lionsgate Motion Picture Group Co-Chairs Patrick Wachsberger and Rob Friedman, to whom he will report. Kramer will also work closely with Steve Beeks in his capacity as President of the Lionsgate Motion Picture Group. He will join Lionsgate in April after his current contract at The Weinstein Company (TWC) expires.
Kramer will help Wachsberger continue to grow all aspects of Lionsgate's international film business, including international film acquisitions and packaging, creation of international coproduction and cofinancing opportunities and extension of Lionsgate's relationships into new territories. He will also oversee international film distribution and marketing operations, business affairs and the overall administration of the international film division. The Company's international sales operations will continue to report directly to Wachsberger.
"The international theatrical marketplace offers tremendous growth opportunities for Lionsgate, and Andrew is ideally qualified to help us continue to build our momentum around the world," said Wachsberger and Friedman. "He is a seasoned business executive who brings multidisciplinary expertise in all aspects of film acquisitions, coproduction, cofinancing, marketing and distribution to the continued growth of our worldwide feature film operations."Lionsgate's film business achieved a record $2.5 billion at the worldwide box office in 2012, and the Company established new output deals in France, Germany, Spain, Scandinavia, Benelux, Australia/ New Zealand and Russia as well as expanding its partnership with IDC in Latin America to encompass both Lionsgate and Summit films. Kramer has been serving as President, Business and Legal Affairs, and General Counsel at The Weinstein Company (TWC). During his seven-year tenure at TWC, he has been responsible for managing all business and legal affairs for TWC and Dimension Films' feature film and TV productions as well as overseeing TWC's output arrangements. He has managed business affairs for all of TWC's feature film productions, including the recent hits SILVER LININGS PLAYBOOK and DJANGO UNCHAINED.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts