Entertainment corporation, Lionsgate has unveiled plans to relocate its international sales headquarters to London.
The London office in Charlotte Street is already home to the entertainment corporation’s UK office.
It has been suggested that the move could be part of Lionsgate’s plans to become a global company.
Lionsgate CEO, Jon Feltheimer, said: “The relocation of our international sales headquarters accelerates our evolution into a truly global organization and brings us closer to our overseas markets.
“The UK government has been an extremely supportive partner in facilitating a move that positions us to capitalize even more fully on tremendous growth opportunities in the global marketplace.”
Lionsgate has already relocated several members of staff from its current Santa Monica office in California. It is currently in the process of hiring more executives to increase headcount in its London office.
The move comes after Lionsgate reported record international revenues in 2013, with the UK arm also achieving revenue and profitability for two years straight.
Praising the move, British Chancellor of the Exchequer, George Osborne said he was delighted that Lionsgate had picked the UK for its headquarters of international sales.
He added: “This is testament that Britain is open for business. As Chancellor I have been determined that we back UK’s brilliant creative industries which is why we have invested in skills and training as well as providing tax relief for films, high-end TV, animation, video games and regional theatre.”
By: Kirsty MacGregor
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