Relativity Media has promoted chief operating officer Andrew Marcus to president of corporate development and strategy.
Marcus, who has been at Relativity since 2005, has extended his contract through 2013.
The move, announced Friday, comes six months after Relativity absorbed Overture Films’ distribution and marketing operation.
Marcus will focus on securing strategic and financial partnerships, building new capital market relationships and seeking merger and acquisition opportunities. He will report to Relativity topper Ryan Kavanaugh.”Andrew has been a great partner and integral part of Relativity — we’ve built a strong company together,” Kavanaugh said in a statement. “The goal moving forward will be to leverage the extraordinary platform that we have created and continue our growth.”
The announcement credited Marcus with overseeing Relativity’s operations, business development, acquisitions and execution for transactions as well as the building and managing its distribution and finance relationships.
Kavanaugh rose to prominence in Hollywood six years ago through arranging studio slate financing deals with the third-party hedge fund money — which was pouring into the business at that point. Relativity evolved from a financing company into a production entity that has financed, co-financed or produced more than 200 features.