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RON SCHWARTZ PROMOTED TO PRESIDENT AND GENERAL MANAGER, LIONSGATE HOME ENTERTAINMENT SALES & DISTRIBUTION

Stocks in this article: LGF

SANTA MONICA, Calif., and VANCOUVER, B.C., June 12, 2013 /PRNewswire/ -- 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.

(Logo: http://photos.prnewswire.com/prnh/20110919/LA70620LOGO)

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 platforms alike.

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.

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