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Lionsgate has laid off 25 employees mostly from its motion picture group as part of a restructure.
The move comes on the back of a lacklustre 2018 at the box office that saw the studio’s US market share drop from 8% to 3.4%.
Lay-offs - Staffers - Motion - Picture - Group
Lay-offs includes eight staffers from the motion picture group in the New York office. Motion picture group chairman Joe Drake, who assumed the role last year, is consolidating most of US and international theatrical operations under one roof at the studio’s Santa Monica headquarters. The studio employs around 1,600 in total.
In a further development, Lionsgate has ended its partnership with Codeblack Films, the company run by CEO with Jeff Clanagan that targets African American filmgoers. That company has closed down as reported elsewhere on Friday.
Codeblack - Films - Relationships - Lionsgate - Spokesperson
“Codeblack has brought us tremendous films and relationships,” said a Lionsgate spokesperson. “Though the terms of our current partnership are ending, we expect to continue our great relationship with Jeff Clanagan and his team.”
Lionsgate’s 2019 theatrical release slate includes John Wick 3, Cold Pursuit, Tyler Perry’s A Madea Family Funeral, Hellboy, Midway, and Flarsky.
Drake - Letter - Staff
Drake’s letter to staff follows:
Future - Slate - Kick-**** - Crowd - Movies
As we look forward to the future with an ambitious and exciting 2019 theatrical slate, filled with big kick-**** crowd pleasing movies as well as daring films...
(Excerpt) Read more at: Screen
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