Starz CFO Scott Macdonald plans to leave the company, and its home entertainment operations will be folded into Lionsgate’s, when the studio buys the premium network owner, CEO Chris Albrecht told staffers today in a memo. Macdonald will depart on May 1 after helping Starz’s Finance and Accounting group blend into Lionsgate’s operation.
And Starz Distribution, the home entertainment business, will consolidate into Lionsgate Worldwide Home Entertainment Operation. The operation will be jointly run by Jim Packer and Ron Schwartz.
Starz Worldwide television distribution group will be under Packer at Lionsgate’s worldwide television and digital distribution organization.
Albrecht will report to Lionsgate CEO Jon Feltheimer and join the studio’s Executive Management Committee.
His direct reports will include Chief Operating Officer Jeffrey Hirsch, who will continue to oversee Affiliate Sales, Technology, Program Planning, Product Development and Marketing. Chief Marketing Officer Alison Hoffman will continue to report to Hirsch.
Also reporting to Albrecht: Chief Legal Officer David Weil, President of Programming Carmi Zlotnik, Executive Vice President of Finance Bill Bergmann, Executive Vice President of Communications Theano Apostolou and Executive Vice President Human Resources Pamela Wolfe.
Albrecht says that Weil, Bergmann, and Wolfe will “work closely” with their Lionsgate counterparts: General Counsel and Chief Strategic Officer Wayne Levin, CFO Jimmy Barge, and Chief Human Resources Officer Ross Pollack.
In addition, John Penney will report to Lionsgate Co-COO Brian Goldsmith in a newly created role: Chief Strategy Officer of Starz and EVP of Global Business Development of Lionsgate.
“The company’s leadership represents the best in the business with proven track records for delivering results,” Albrecht says. “We believe this leadership will guide us to be a global content powerhouse that gives the combined entity greater scale for attracting top-tier talent, creating platform-defining content and distributing it with an incredible array of options.”