The demise of STX as a distributor continues to pose questions for the future of high-profile movies on their slate, including Guy Ritchie’s action film Operation Fortune, Michael Mann’s big-budget biopic Ferrari, and Daisy Ridley thriller The Marsh King’s Daughter.
For months we’ve heard about a deal being in the works between the Bad Moms and Hustlers outfit and Lionsgate, which would see the latter taking on some, if not all, of STX’s movies for distribution.
That remains the direction of travel and multiple STX executives have moved over to Lionsgate, including former STX chairman Adam Fogelson who is now Vice Chair of the Lionsgate Motion Picture Group.
We understand more will follow in coming weeks, leaving few staff left in STX’s domestic marketing and distribution team. If Lionsgate is to take on a bunch more movies it stands to reason that it should bulk up its staff.
Read more on deadline.com
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