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Lions Gate co-COO to leave at year-end

Steve Beeks will step down as co-COO of Lions Gate Entertainment Corp. and co-president of Motion Picture Group at the end of the year.

The 20-year company veteran will transition to a consultant role upon his exit as he eyes new "entrepreneurial opportunities," the company disclosed in an SEC filing.

Beeks, who was named Motion Picture Group co-president in 2012, oversaw the studio's film production and acquisition strategic plan.