STX’s Adam Fogelson Heads To Lionsgate As New Motion Picture Group Vice Chair
25.07.2022 - 22:13
/ deadline.com
EXCLUSIVE: Adam Fogelson has been appointed Vice Chair of the Lionsgate Motion Picture Group, and will begin Sept. 1 as he segues from his role as STX Entertainment Motion Picture Group Chairman, a post he’s held for the last eight years.
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. He will report directly to Lionsgate Motion Picture Group Chair Joe Drake.
At STX, Fogelson built a notable feature slate of mid-sized budget films, aimed at specific demos, which crossed over to wider audiences, i.e. 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. During the pandemic, STX, like many other studios, pivoted, sending some titles to streaming, and with a cash gain to show for it. 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. The Kristen Bell-Kirby Howell Baptiste comedy Queenpins sold to Paramount+ and Showtime for an estimated $20M. 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 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. As Deadline first told you, STX opted to remain independent, severing itself from Eros, and closing its sale to The Najafi Companies, with