Leading Games And Digital Media Entrepreneur To Explore Interactive Digital Investments, Extend Lionsgate's Content Businesses Into Gaming Space
SANTA MONICA, Calif. and VANCOUVER, April 30, 2014 /CNW/ - 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.
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.
"I've known Jon Feltheimer for many years, and the chance to become part of one of the most entrepreneurial, dynamic and visionary studios in the world is impossible to pass up," said Levin. "As the home of intellectual property like The Hunger Games, Twilight and Divergent franchises and a diversified portfolio of television programming, Lionsgate's opportunities to extend its leadership and innovation into the gaming space and other interactive platforms is limitless."
Mr. Levin began his career in the Corporate Advisory Group at Creative Artists Agency and subsequently worked in the Corporate and Strategic Planning groups at the Walt Disney Company, where he also served as a senior producer for Disney Online.
He has also served as managing director of Lynx Technologies, a venture capital vehicle focused on early stage companies. Lynx's investments included Applied Semantics (sold to Google), Gamespy Industries (sold to IGN), Ask.com (sold to IAC) and Atom Entertainment (sold to Viacom).
Prior to founding Nerdist, he was President and Co-Founder of Bellrock Media Inc., a mobile and broadband entertainment company creating and distributing premium content for mobile and broadband platforms throughout North America and Japan. Bellrock was backed by a consortium of Intel Capital, Dentsu, Softbank and DoCoMo.
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 34 television shows on 22 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 network series Nashville, the syndication success The Wendy Williams Show and the critically-acclaimed series Orange is the New Black.
Its feature film business has been fueled by such recent successes as the blockbuster first two installments of The Hunger Games franchise, The Hunger Games and The Hunger Games: Catching Fire, the first installment of the Divergent franchise, Now You See Me, Kevin Hart: Let Me Explain, Warm Bodies, The Expendables 2, The Possession, Sinister, Roadside Attractions' Mud and Pantelion Films' breakout hit Instructions Not Included, the highest-grossing Spanish-language film ever released in the U.S.
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.
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