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TheStreet Open House

Peter Levin Named President Of Interactive Ventures And Games For Lionsgate

Stock quotes in this article: LGF

SANTA MONICA, Calif. and VANCOUVER, April 30, 2014 /PRNewswire/ -- In a move to continue expanding its content into new lines of business, Lionsgate (NYSE: LGF), the premier next generation global content leader, has named renowned games and digital media entrepreneur Peter Levin to be President of Interactive Ventures and Games, the Company announced today.  Mr. Levin will report to Lionsgate Chief Executive Officer Jon Feltheimer with dotted line reporting to Lionsgate Chief Financial Officer Jimmy Barge for all digital investments.

Lionsgate logo

Mr. Levin will be responsible for expanding Lionsgate's content creation into video games and other interactive ventures, including incubation of new properties, investment in existing games and digital media vehicles and leveraging Lionsgate's franchises and other branded properties into the gaming space.

Mr. Levin most recently served as CEO and Co-Founder of Nerdist Industries, a multiplatform creator of digital content including a premium content YouTube channel, a news division, a sizable social media footprint and a network of podcasts.  Previously, as executive advisor to Japanese media juggernaut Yoshimoto Kogyo, MAG Interactive, digital comic and graphic novel platform comiXology and Rovio Entertainment, Levin has been associated with some of the most valuable game franchises in the world, including Angry Birds.

"Peter is a perfect fit for our entrepreneurial culture, and he is ideally qualified to lead the continued growth of our content business into the video game space and other interactive digital ventures," said Lionsgate Chief Executive Officer Jon Feltheimer. "Gaming has become one of the most explosive growth areas of the content business, and Peter's mandate will be to build a portfolio of premium digital properties as we expand our leadership in films and television programming into digital content as well."

The Company noted that consumer spending on mobile and social games increased by 130% last year.

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