×

Lionsgate Names Joe Drake Co-Chair of Motion Picture Group

Lionsgate announced Thursday morning that Joe Drake has returned to the company as co-chair of its motion picture group. Drake will serve alongside Patrick Wachsberger, who recently signed on to run Lionsgate’s worldwide film operations.

The newly named co-chair returns to the company where he previously served as co-COO and motion picture group president for five years before going off to found Good Universe in 2012. At Lionsgate, Drake was responsible for launching the “Hunger Games” and “Expendables” franchises.

His Good Universe co-founder and CEO Nathan Kahane will continue to head the banner under Lionsgate’s ownership. Kahane will continue to oversee key talent partnerships including Seth Rogen, Evan Goldberg and James Weaver’s Point Grey Pictures and Fede Alvarez’s Bad Hombre.

“We’re delighted to welcome Joe and Nathan, entrepreneurs with a great track record, back to Lionsgate,” said Lionsgate CEO Jon Feltheimer and vice chairman Michael Burns in a statement. “Joe is one of the architects of our portfolio film strategy and a perfect fit for our culture. With Joe joining an incredibly talented group of executives, we’ve assembled a team with unparalleled knowledge of the global film marketplace while at the same time strengthening our relationships with best-in-class talent and continuing the diversification of our content platform.”

The co-chair position that Drake fills has been vacant for about a year since Rob Friedman stepped down.

The deal was negotiated by Sheppard Mullin, Richter and Hampton and Lionsgate co-COO Brian Goldsmith and general counsel and chief strategic officer Wayne Levin for Lionsgate. It was negotiated by O’Melveny and Myers LLP and Good Universe’s Michael Meyer and Jeremy Needleman for Good Universe.

Popular on Variety

More Film

  • Box Office Mojo new

    Box Office Mojo Site Transformed by IMDbPro

    BoxOfficeMojo.com has been transformed into an IMDbPro site, losing some of its free features. The Amazon-owned site, which had previously operated free of charge, was given a new look with its header reading “Box Office Mojo by IMDb Pro.” Information such as breakdowns by genre is now only available behind the IMDbPro paywall. The Box [...]

  • Editorial use only. No book cover

    'Hocus Pocus' Sequel in Development at Disney Plus

    Disney Plus has launched development of a sequel to 1993’s fantasy comedy “Hocus Pocus” with “Workaholics” writer and co-producer Jen D’Angelo on board to script. The original “Hocus Pocus” starred Bette Midler, Sarah Jessica Parker, and Kathy Najimy as a trio of witch sisters who have been cursed since 1693 in Salem, Ma. The witches [...]

  • Lady Gaga

    Variety Wins 2019 Eppy Award for Best Digital Magazine

    Variety has won two Eppy Awards from Editor & Publisher, including Best Digital Magazine and Best Collaborative Investigative/Enterprise Feature for “American (In)Justice” — a collaboration with fellow PMC property Rolling Stone. “American (In)Justice” also tied with USA Today’s “Copy, Paste, Legislate” collaboration with The Arizona Republic and the Center for Public Integrity. Variety has provided [...]

  • Joker Maleficent: Mistress of Evil

    Box Office: Villains Face Off Again as 'Joker' and 'Maleficent' Battle for First Place

    Despite three new nationwide releases, domestic box office charts look to be dominated by holdovers — Warner Bros.’ “Joker” and Disney’s “Maleficent: Mistress of Evil” — during the last weekend in October. “Maleficent: Mistress of Evil” debuted last weekend with $36 million in North America, enough to dethrone “Joker” after the super-villain origin story’s back-to-back [...]

  • Yasushi Shiina

    Tokyo Market is Finding New Strengths, Says Yasushi Shiina

    Clouds on the global economic horizon and disruption to the scheduling of the event, have done little to dampen the interest of foreign visitors to TIFFCOM, Japan’s biggest film and TV market. Especially those from China, says market head, Yasushi Shiina. The market is again running at the Sunshine City shopping, entertainment and business complex [...]

  • "Weathering With You" directed by Makoto

    Toho Unveils Dual Media Romance 'Love Me, Love Me Not' at Tokyo Market

    Japan’s biggest film company, which produces, distributes and exhibits its own product in partnership with leading media companies, Toho has brought a line-up to TIFFCOM full of present and future hits. The biggest is “Weathering with You,” the love story animation by Makoto Shinkai that surpassed the $100 million mark only a month after its [...]

More From Our Brands

Access exclusive content