SANTA MONICA, Calif. and VANCOUVER, British Columbia, Feb. 9, 2012 /CNW/ - Following Lionsgate's (NYSE: LGF) acquisition of Summit Entertainment, the Company has named Summit's Erik Feig, President, Production of the Lionsgate Motion Picture Group. Reporting to Lionsgate Motion Picture Group Co-Chairmen Rob Friedman and Patrick Wachsberger, Feig will oversee all aspects of development and production of films from both the Lionsgate and Summit labels. Feig will work closely with Jason Constantine, President of Acquisitions and Co-Productions for Lionsgate, on co-productions and acquisitions that are intended for theatrical release.
In a joint statement, Friedman and Wachsberger said, "Erik has been instrumental to Summit's success over the past decade and we look forward to continuing our relationship with him in this new chapter. With his incredible eye for films with global appeal and his ever growing list of accomplishments, we are fortunate to have such a talented individual working on our team."
"I am very excited to join Lionsgate, one of the most vibrant, entrepreneurial media companies in the business, at this dynamic time of growth," said Feig. "Jon Feltheimer and Michael Burns and the Lionsgate team have found enormous success in taking smart creative and business bets that support unique filmmaker voices and make financial sense as well. With our combined slates, powerful franchises and innovative cultures, we are poised for even more success across a broad spectrum of audiences and genres. I am also extremely happy to be continuing my tenure with Patrick Wachsberger and Rob Friedman, both of whom have been so influential to me as mentors and role models."
Feig most recently served as President of Worldwide Production and Acquisitions at Summit where he oversaw all of Summit's in-house productions, co-productions and acquisitions, as well as the company's involvement with films of its client companies. The films and franchises developed and produced under his tenure include RED, KNOWING, SOURCE CODE, LETTERS TO JULIET, and each of the films in THE TWILIGHT SAGA franchise. Critically hailed films developed, produced, or acquired by Feig include the multiple Academy Award® winner THE HURT LOCKER, including Best Director for Kathryn Bigelow and Best Picture for Summit Entertainment, the recent Jonathan Levine film 50/50, and A BETTER LIFE starring Demian Bichir who is nominated for an Oscar® in the category of Best Actor for his performance in the film.
Feig began his career by packaging and producing the hit I KNOW WHAT YOU DID LAST SUMMER films. He then went on to produce the teen comedy SLACKERS for Sony. During the late 1990s, he continued to develop projects for many of the major studios and networks, while operating under an overall producing deal with Artisan Entertainment, a then client of Summit. Feig ran Summit's production banner since 2007 and also became a partner in the company as it grew into a worldwide studio, earning executive producer and producer credits along the way on films as varied as MR. & MRS. SMITH; Paul Haggis's IN THE VALLEY OF ELAH; and the films in the STEP UP series.
Feig is on the board of LA's Promise, a not-for-profit group dedicated to working with disadvantaged public high schools and their communities in Los Angeles. Feig received a BA in English, with honors, from Columbia University, in 1992.
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. The Company has built a strong television presence in production of prime time cable and broadcast network series, distribution and syndication of programming and an array of channel assets. Lionsgate currently has 15 shows on more than 10 networks spanning its prime time production, distribution and syndication businesses, including such critically-acclaimed hits as the multiple Emmy Award-winning "Mad Men," "Weeds" and "Nurse Jackie" along with the comedy "Blue Mountain State," the Golden Globe-winning drama "Boss" and the syndication successes "Tyler Perry's House Of Payne," its spinoff "Meet The Browns," "The Wendy Williams Show" and "Are We There Yet?".
Its feature film business has been fueled by such recent successes as THE LINCOLN LAWYER, TYLER PERRY'S MADEA'S BIG HAPPY FAMILY, THE EXPENDABLES, MARGIN CALL, THE LAST EXORCISM and the critically-acclaimed PRECIOUS, which won two Academy Awards®. With the January 2012 acquisition of Summit Entertainment, the Company now has the two leading young adult franchises – the blockbuster TWILIGHT SAGA, which has grossed more than $2.5 billion at the worldwide box office, and the HUNGER GAMES franchise, whose first film will be released on March 23. Recent Summit hits include RED, LETTERS TO JULIET, KNOWING, the STEP UP franchise and the Academy Award winning Best Picture THE HURT LOCKER.
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 13,000 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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