Following the announcement this morning that Lionsgate has agreed to acquire Entertainment One from Hasbro for $500M, eOne’s top film and TV executives, Steve Bertram, President, Film & TV, and Michael Lombardo, President, Global Television, are preparing to exit. “With the business transitioning to a new owner, the time is right for me to move on.
I will stay with the company for a short period to help kick off the transition process,” Bertram wrote in a memo to staff this morning, a copy of which was obtained by Deadline. (You can read it in full below).
Lombardo is set to depart at the end of the transaction, sources tell Deadline. Nick Meyer exited as President of Film when his contract ended in June.
The moves were fully expected as Hasbro is set to name a transition team shortly and Lionsgate to start the process of integrating the acquired eOne assets into the company.
Read more on deadline.com