Corporate finance veteran Marcia Allen has been named chief financial officer of Hollywood Studios Intl., an entertainment holding company with offices in Los Angeles, New York and Dubai.
Allen, who will play a key role in HSI’s plans to go public, was among the founders of the Movie Group, which was acquired by Lionsgate.
HSI has several subsidiaries, including management and production company Artists Intl., which provided coin for Lisa Cholodenko’s upcoming “The Kids Are All Right,” the Annette Bening-Julianne Moore indie pic acquired by Focus Features at Sundance. HSI’s Artists Intl. also financed Michael Douglas starrer “Beyond a Reasonable Doubt.”
Longtime film and music financier Steven Saxton is founder and CEO of HSI. Prince Faisal S. Al Saud, a member of Saudi Arabia’s royal family, is vice chair of HSI.
Allen will focus on the company’s various media funds, acquisitions and investor relations. Prior to joining HSI, Allen was the CEO and founder of Allen & Associates, a finance and strategic advisory firm focusing on media companies.
“Her proven leadership in financial matters, especially mergers and acquisitions, capital strategies for public companies and equity funding brings even greater equity to our company,” Saxton said.
Among her previous posts, Allen was chief financial officer of Taco Bell and held top positions at venture capital firm Elite Capital, Allen/Brenner and W.R. Grace & Co.