Departing Lionsgate exec Patrick Wachsberger plans new production company

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Patrick Wachsberger, who is ending a six-year stint as co-chairman of the Lionsgate Motion Picture Group, told Film Journal International he plans to launch a new, unnamed production, distribution and sales company this fall.

“We’ll be based in L.A. but will also have a London office,” Wachsberger said, “because at Summit we had one from the very beginning and that worked out very well.” Before joining Lionsgate, Wachsberger was head of Summit Entertainment, makers of the hit Twilight series, which became a Lionsgate subsidiary in 2012.

Wachsberger says TV and licensing will play a role in his new business, but his main focus will be movies for theatres—“three a year instead of feeding the beast with 12 movies a year!”

Wachsberger will be honored with the 2018 “International Distributor of the Year” Award at CineEurope in Barcelona, Spain on June 14. His successes at Lionsgate include the Hunger Games and John Wick franchises, Now You See Me, Wonder,Hacksaw Ridge and multi-Oscar winner La La Land.