Wolfgang Hammer moves over from Lionsgate to fill COO post
CBS Films has tapped Lionsgate exec Wolfgang Hammer to replace Bruce Tobey as chief operating officer.
Division, which just released “Faster” as its third title with $13.3 million in its first week, made the announcement Wednesday evening.
Hammer’s responsibilities will include acquisitions, finance, legal and business affairs, including co-productions and international distribution. He’ll report to prexy- CEO Amy Baer.
Hammer was exec VP of Lionsgate’s motion picture group. He worked at Media Rights Capital before joining Lionsgate.
“Wolfgang’s aptitude for innovative dealmaking, strong background in international financing, his excellent relationships with talent and his passion for the business of movies make him the perfect addition to our team,” Baer said.
CBS Films split costs on “Faster” with Sony, leaving it with an estimated $12 million exposure.
It’s the first CBS Films title since “The Back-Up Plan.” Next titles are “The Mechanic” in January and “Beastly” in March.
Tobey will depart at the end of the year and is expected to move into producing.
“Bruce got this division up and running and established for the days ahead,” Baer said. “I have great respect and gratitude for his talent, commitment and his contributions to CBS Films.”