Lionsgate Lays Off About 25 in Restructure, Ends Codeblack Partnership

Lionsgate Motion Picture Group Chairman Joe Drake sent an email to staff on Friday announcing a restructuring in the studio’s business operations that will result in approximately 25 people losing their jobs.

The studio also said on Friday that it was ending its partnership with Codeblack, which focuses on films targeting African-American audiences. Codeblack will continue to operate autonomously under CEO Jeff Clanagan, and Lionsgate plans to continue to look for films targeting the African-American audience.

“Codeblack has brought us tremendous films and relationships. Though the terms of our current partnership are ending, we expect to continue our great relationship with Jeff Clanagan and his team,” a Lionsgate spokesperson told TheWrap.

Also Read: Layoffs Hit Billboard, The Hollywood Reporter After Restructuring at Parent Company

As for the layoffs hitting the studio, the majority of the the changes are a result of Lionsgate consolidating its marketing and distribution under one roof.
See full article at The Wrap »

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