Jen Hollingsworth has been named chief operating officer of Lionsgate Motion Picture Group effective immediately, Lionsgate Motion Picture Group chairman Joe Drake announced on Wednesday.
Hollingsworth, who previously served as executive vice president of strategic planning and operations, will work closely with Drake in her new role.
“Jen is one of the most exceptional and talented motion picture business strategists working in our industry today,” Drake said in a statement. “She knows this Company inside and out, is skilled, experienced and is the ideal chief operating officer. She has spearheaded many of Lionsgate’s successes within the motion picture group and is the best at understanding the marriage of business opportunities and the creative aspirations of filmmakers. Our company just got stronger with Jen in this role.”
As COO, Hollingsworth will head up the motion picture group’s finance department, manage a strategic planning and analysis team and oversee daily operations as the division positions itself for growth. She will also engage in cross-company initiatives designed to maximize and fully monetize Lionsgate’s film assets.
“I am enormously excited about what is happening within the motion picture group, from the outstanding filmmakers we are partnering with to the innovations we are pioneering with the Lionsgate data center,” Hollingsworth said in a statement. “Our data-first strategy approach and the effective impact it has throughout the company is especially dynamic, and I feel honored and privileged to take on this role at this time with this incredibly talented team.”
In her previous role, Hollingsworth was responsible for worldwide deal analysis, operational management and strategic planning for the Lionsgate’s film slate across multiple film labels, including Summit Entertainment, Good Universe and Pantelion Films.
She joined the studio in 2007 as vice president of finance and business development, when Lionsgate acquired Mandate Pictures. She began her entertainment industry career in business development at Sony Pictures Entertainment.
In January, Drake sent an email to staff announcing a restructuring in the studio’s business operations that resulted in approximately 25 people losing their jobs. Earlier this month, the studio’s television division let go of 20 staffers, impacting mostly business jobs and a small number of TV roles.
The majority of the changes were a result of Lionsgate consolidating its marketing and distribution under one roof. The marketing division is run by Damon Wolf, who joined from Sony Pictures and started Jan. 1.