Greenblatt will develop and produce TV projects for the company, and has appointed Jon Wu to serve as producer and head of filmed content for The Green Room.
The executive will exit Lionsgate to retain an executive producer role through various stages of “Power’s” production, and to develop new shows for the global streamer. The deal is projected to be worth approximately nine figures.
The producer's recently released fiscal 2022 report reflects a total revenue spike of 11% to $901.2 million, as well as an unexpected decline in quarter-to-quarter growth for Starz.
The agreement consists of Lionsgate investing in a 20% stake, and acquiring titles such as “Fruitvale Station,” “The King's Speech,” “Scream 4,” and “Scary Movie 5," among various other titles.