STX is planning a slate of 15 titles a year comprised of theatrical and streaming movies. STX remains in full operation following Fogelson’s departure, with Robert Simonds as STX chairman, and Noah Fogelson as CEO. As Deadline first told you, STX opted to remain independent, severing itself from Eros, and closing its sale to The Najafi Companies, with Birch Grove LP and 777 Partners providing financing for their slate. The news about Fogelson’s appointment comes in the wake of buzz earlier this year that Lionsgate was in talks to acquire STX Entertainment as it freed itself from its previous merger with Eros. The Dave Bautista action comedy, My Spy, went to Amazon Prime and was such a success on the platform that there’s been talk of a sequel. The Kristen Bell-Kirby Howell Baptiste comedy Queenpins sold to Paramount+ and Showtime for an estimated $20M. The Gerard Butler sci-fi film Greenland, after a PVOD window stateside, saw its streaming and pay TV rights go to HBO for a reported $20M-$30M. During the pandemic, STX, like many other studios, pivoted, sending some titles to streaming, and with a cash gain to show for it. Jennifer Lopez’s highest grossing pic at the domestic box office, Hustlers ($105M, $158M WW) the $314M-plus grossing Bad Moms franchise, The Upside ($125M WW), and The Gentlemen ($115M WW) among others. He will report directly to Lionsgate Motion Picture Group Chair Joe Drake.Īt STX, Fogelson built a notable feature slate of mid-sized budget films, aimed at specific demos, which crossed over to wider audiences, i.e. In his new role at Lionsgate, Fogelson will oversee worldwide marketing and theatrical distribution and be part of the Motion Picture Group’s leadership team involved in all aspects of planning and executing their content strategy. 1 as he segues from his role as STX Entertainment Motion Picture Group Chairman, a post he’s held for the last eight years. EXCLUSIVE: Adam Fogelson has been appointed Vice Chair of the Lionsgate Motion Picture Group, and will begin Sept.
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