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.
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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.