CULVER CITY, Calif., November 30, 2010 — Andrew Gumpert has been promoted to President, Worldwide Business Affairs and Operations for Columbia Pictures, it was announced today by Michael Lynton, chairman and CEO of Sony Pictures Entertainment (SPE) and Amy Pascal, co-chairman, to whom he will jointly report.
Gumpert will work closely with Columbia Pictures president Doug Belgrad while also serving as a key strategic advisor to Lynton and Pascal. He will oversee worldwide business affairs and operations for Columbia and will be integrally involved in securing co-financing arrangements and new and emerging revenue streams for the label's theatrical releases.
"In a business that is evolving technologically while adapting to changing and challenging economics, Andrew has provided the kind of forward-thinking leadership that makes him one of the best and brightest business minds and negotiators in our industry," said Lynton and Pascal. "With this promotion, Andrew will play an even more critical role in identifying and implementing new strategic opportunities for our theatrical business."
In his years with Columbia, Gumpert has overseen negotiations for many of the studio's most high profile productions, including the re-imagining of the Spider-Man franchise, Men in Black III, Ghost Rider: Spirit of Vengeance, The Social Network, Grown Ups, 2012, Quantum of Solace, Hancock, Casino Royale, The Da Vinci Code, Spider-Man 3, Superbad, and the upcoming The Girl With The Dragon Tattoo, among others.
Gumpert added, "I'm privileged to work with Michael, Amy and Doug – they fully understand the dynamic forces affecting our business. As we bring new films of all genres and sizes to the marketplace, we are taking a new analytical approach to our deal-making rather than predicating our deals on past business models that are no longer sustainable. In doing so, we intend to remain flexible and open-minded so that our deal structures address the interests of both the studio and the creative talent whose hard work results in the amazing content we have the privilege of distributing."
Gumpert joined Sony Pictures Entertainment in 2005 as Executive Vice President of Business Affairs for Columbia and was promoted to President of Business Affairs & Administration for the label in 2008. He previously led business and legal affairs for Miramax's Dimension Films division for seven years. This position was preceded by Gumpert's first tenure at Columbia in the Legal Department in 1995. Gumpert began his career as a business litigator with the law firm Hill, Wynne, Troop and Meisinger.
ABOUT SONY PICTURES ENTERTAINMENT
Sony Pictures Entertainment (SPE) is a subsidiary of Sony Corporation of America, a subsidiary of Tokyo-based Sony Corporation. SPE's global operations encompass motion picture production and distribution; television production and distribution; home entertainment acquisition and distribution; a global channel network; digital content creation and distribution; operation of studio facilities; development of new entertainment products, services and technologies; and distribution of entertainment in more than 140 countries. Sony Pictures Entertainment can be found on the World Wide Web at http://www.sonypictures.com.
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