Adam Fogelson is replacing Joe Drake as chair of Lionsgate‘s motion picture group.
Drake reportedly initiated the transition and will be working with Fogelson over the coming months on succession plans. Drake, who was named co-chair of Lionsgate in 2017, will be leaving the company. He’s departing after leading the studio to its first billion-dollar year since 2019, thanks to commercial winners like “John Wick: Chapter 4” and “Hunger Games: The Ballad of Songbirds and Snakes.”
“Despite unprecedented disruption over the last few years, we built a team that thrived throughout and achieved everything I could have imagined at Lionsgate,’ Drake said in a statement. “Having worked side by side with Adam for the past 18 months, he is the perfect choice to lead the motion picture group forward to even greater heights.”
Drake served as Lionsgate’s co-chief operating officer and motion picture group president for five years before leaving to launchGood Universewith Nathan Kahane in 2012.He rejoined Lionsgate in 2017 and shepherded hits like “Knives Out” and the “Saw” franchise as well as bombs like the Taron Egerton-led “Robin Hood” and Roland Emmerich’s “Midway.” In addition to box office, Drake also prioritized alternative distribution strategies — including the licensing or sale of “Shotgun Wedding” to Amazon, “Love at First Sight” to Netflix and “Puppy Love” to Amazon’s Freevee label.
“Joe has been a great partner and a respected team leader, a truly entrepreneurial executive with one of the best business minds in the industry,” said Lionsgate CEO Jon Feltheimer.“We are very fortunate to have Adam Fogelson, one of Hollywood’s most accomplished and innovative film executives, to succeed him. Adam has the leadership experience at both the major studio and independent level as well as the strategic vision to keep our Motion Picture Group strong and vibrant in a fast-changing environment.”
Fogelson was hired at Lionsgate in 2022 as vice chair of the Motion Picture Group. He had previous stints as chairman of Universal Pictures and STX. At Universal, he oversaw blockbusters like the “Fast” franchise, “Despicable Me” and “Bridesmaids.” He also managed the marketing campaign for “Wicked” on Broadway. During his time at STX, he backed bold bets such as “Hustlers” and “Bad Moms,” as well as misfires like “The Happytime Murders” and “UglyDolls.
“I deeply appreciate the trust and confidence that Jon, Michael, Joe and the rest of the management team have placed in me and I look forward to embarking on this next chapter together,” said Fogelson. “Lionsgate unifies the two primary threads of my career: the scale and talent relationships of a major studio with the renegade, resourceful spirit of a start-up.
With his new title, Fogelson expressed an interest in investing in original properties, as well as growing existing series.
“I am dedicated to building and extending our extensive library of films and top-tier franchises which, as the last year has proved, still have lots of room to grow,” Fogelson said. “I’m particularly grateful for the chance to continue working alongside this passionate and innovative team in a culture that is creatively audacious, entrepreneurial and supportive.”
