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Drake's Mandate to Lionsgate |
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Friday, 14 September 2007 |
from The Hollywood Reporter
September 14, 2007
Lionsgate acquired Mandate on Monday in a $56.3 million cash and stock deal that will see Drake return to the fold as co-COO and president of Lionsgate's motion picture group, overseeing theatrical production, distribution, marketing, acquisitions and international theatrical operations. The acquisition reflects continuing growth at Lionsgate as it moves further into international distribution, Lionsgate co-chairman and CEO Jon Feltheimer said. In addition to producing movies, Mandate has handled international sales and distribution for its own projects as well as for such films from outside production companies as the upcoming "Because I Said So," "White Jazz " and "Sleuth."
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