Adam Fogelson Leaving STX for Lionsgate Motion Picture Group Role

variety.com:

Brent Lang Executive Editor of Film and MediaAdam Fogelson has been named vice chair of the Lionsgate Motion Picture Group, the studio announced Monday.He joins the studio from STX Entertainment, where he was in charge of the struggling company’s motion picture group.

At STX, Fogelson launched the successful “Bad Moms” franchise, as well as the critical and commercial hit “Hustlers.” Other Fogelson-backed movies include “Molly’s Game,” which picked up an Academy Award nomination for its screenplay, as well as bombs such as “The Happytime Murders.” STX was originally intended to make mid-budget comedies, thrillers and other genres that studios had abandoned in favor of franchises and comic book fare, but the results were a mixed bag and streaming services made many of the same kind of films that the studio was attempting to make into theatrical propositions.

Fogelson and STX have long maintained that they kept costs in check and that most of the film slate remained profitable. After a failed attempt to go public and a failed merger with Eros, STX was acquired by Najafi Companies.

It hopes to regain its stride, but Fogelson, it appears, will not be part of that comeback effort.In his new role, Fogelson will report to Joe Drake, chair of the studio’s Motion Picture Group.