Motion Picture Group VPs Wendy Reeds and Crystal Bourbeau have moved to the new office and several additional executives are being hired.
British Chancellor of the Exchequer George Osborne said, “This is testament that Britain is open for business. As Chancellor I have been determined that we back UK’s brilliant creative industries which is why we have invested in skills and training as well as providing tax relief for films, high-end TV, animation, video games and regional theatre.”
“The relocation of our international sales headquarters accelerates our evolution into a truly global organization and brings us closer to our overseas markets,” said Lionsgate CEO Jon Feltheimer. “The UK government has been an extremely supportive partner in facilitating a move that positions us to capitalize even more fully on tremendous growth opportunities in the global marketplace.”
Feltheimer noted in a conference call with analysts Friday that Lionsgate has expanded output agreements with Studiocanal and Tele Munchen Group in Germany, Roadshow Pictures in Australia, Nordisk Film in Scandinavia and Belga Films in Benelux along with a new output arrangement with Leone Film Group in Italy.