Steve Bertram: Last News

EXCLUSIVE: eOne’s long-serving President of International Distribution, Stuart Baxter, is leaving ahead of the Yellowjackets and The Rookie studio ahead of its $500M sale to Lionsgate, we can reveal.

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.

Elaine Low Senior TV WriterHasbro-owned Entertainment One is letting go of 10% of its film and TV staff, Variety has confirmed.According to a memo from eOne’s head of film and TV, Steve Bertram, the layoffs come amid a move to “evolve the focus and structure of our organization around the world” and comes in response to the “significant disruption the traditional studio model was experiencing as the technology giants invested heavily in their platforms and the creation of original content.”Recent years have seen the creation of heavily vertically integrated entertainment companies, from Disney to AT&T-owned WarnerMedia to Comcast-owned NBCUniversal, which have all launched streaming services.Deadline first reported news of the layoffs.

EXCLUSIVE: Some breaking news. We’ve just heard from eOne staff that there will be a ten percent cut in the film and TV headcount at the Hasbro-owned mini-major.

Elaine Low Senior TV WriterEntertainment One has made it official and welcomed HBO vet Michael Lombardo as its president of global television, which Variety first reported exclusively last month.“We couldn’t be more thrilled to welcome Michael to the eOne team,” said eOne president of film and television Steve Bertram in a statement. “His incredibly impressive history of success during his long tenure at HBO resulted in some of the most ground-breaking, iconic television series over the past two decades.