Adam Fogelson to Succeed Joe Drake as Lionsgate's Motion Picture Group Chairman

Fogelson, former chairman of Universal Pictures and STX, takes over following Drake's successful tenure that saw Lionsgate achieve its first billion-dollar year since 2019.

Adam Fogelson is set to replace Joe Drake as the Chairman of Lionsgate's Motion Picture Group, a transition reportedly initiated by Drake himself.
Drake, who rejoined Lionsgate in 2017, led the studio to its first billion-dollar year since 2019 with commercial successes like 'John Wick: Chapter 4' and 'Hunger Games: The Ballad of Songbirds and Snakes'.
Fogelson, who joined Lionsgate in 2022 as vice chair of the Motion Picture Group, previously served as chairman of Universal Pictures and STX, overseeing blockbusters like the 'Fast' franchise and 'Despicable Me'.
Drake also prioritized alternative distribution strategies, including licensing or sale of films to platforms like Amazon and Netflix.
Fogelson expressed interest in investing in original properties and growing existing series, aiming to extend Lionsgate's extensive library of films and top-tier franchises.

The Hollywood Reporter