Retail Industry
Industry: Email Alert RSS FeedBeeks atop new LGHE.(Vidbits)(Lions Gate Entertainment completes its acquisition of Artisan Entertainment and begins restructuring)(Brief Article)
Video Business, December, 2003 by Magiera, Marcy
* Lions Gate Entertainment last week completed its estimated $200 million acquisition of Artisan Entertainment and immediately began integrating the two companies, with Artisan Home Entertainment president Steve Beeks poised to lead the newly combined Lions Gate Home Entertainment. Formal titles were unavailable at presstime for Beeks and for Glenn Ross, who is expected to maintain a senior role as president of the Family Home Entertainment label.
Ron Schwartz, who was Lions Gate's executive VP of home video sales, and Jed Grossman, Artisan's executive VP of sales, are both to remain in senior sales positions. In the integration, Lions Gate laid off about 150 positions, or one-third of the combined 450-person work force, according to sources, deeper cuts than...
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