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Lionsgate Ups Ron Schwartz to President of Home Entertainment

Lionsgate Ups Ron Schwartz to President of Home EntertainmentLionsgate Ups Ron Schwartz to President of Home Entertainment

Lionsgate has been promoted Ron Schwartz to president of home entertainment, the company announced Wednesday.

The division is a $1 billion-a-year operation that has earned a 10 percent market share from the strong home-entertainment releases of "Hunger Games" and "The Twilight Saga: Breaking Dawn -- Part 1" -- two of the top three in 2012, Lionsgate said.

"Ron is a gifted and experienced executive who has helped guide our home entertainment business to several years of sustained and profitable growth," Lionsgate Co-Chief Operating Officer and Motion Picture Group President Steve Beeks said in a statement. "He has a keen grasp of the direction in which our business is heading, and he is ideally qualified to position Lionsgate as a global leader and innovator in delivering content to the full spectrum of home entertainment platforms."

Also Read: Donald Glover, Evan Peters Join Lionsgate's 'Reawakening' (Exclusive)

During Schwartz's tenure, Lionsgate's 15,000-title library has experienced eight consecutive years of revenue growth.  

Prior to the promotion Schwartz served as executive vice president and general manager of the same division. He is a 20-year veteran of Lionsgate and its predecessor companies.