
EXCLUSIVE: In a surprise move, Peter Schlessel will leave his post as Sony Pictures president of worldwide affairs to become president of GK Films, Graham King’s company. I’m told the move will take place over the next few weeks.
Schlessel has spent 21 years at the studio, and acted as a consigliere specializing in making deals that have spanned most of the studio’s divisions. Those have ranged from domestic distribution pacts on films like District 9 and the Michael Jackson documentary This is It!, to offshore distribution on the upcoming Joe Wright-directed Hanna, Terminator Salvation, Book Of Eli and the Showtime series The Tudors, to real estate investments and Sony’s recent lot renovations, to a recent DVD distribution deal for Harvey and Bob Weinstein’s The Weinstein Company.
Among those deals was to bring King’s GK Films over to Sony through the Sony Pictures Worldwide Acquisitions Group. GK Films finances its product and Sony provides global distribution and P&A for a distribution fee. The exit is amicable, I’m told. Schlessel wanted a greater involvement on the creative side and wanted to be more entrepreneurial. He couldn’t go up—Michael Lynton and Amy Pascal aren’t going anywhere—so is going out. He will continue to work with SPE because of the GK Films output deal.
King, with backing from his partner, Texas-based Tim Headington, is looking to expand and has begun to do so in TV with the Starz series Camelot. King has the ability to green light films, and the Sony deal gives him a distribution machine to run his films through. So far, King has placed the Johnny Depp-Angelina Jolie thriller The Tourist to be distributed by Sony as well as The Invention of Hugo Cabret, the children’s book adaptation that Martin Scorsese will shoot in 3D. King hasn’t yet set domestic distribution on the Colin Farrell-Keira Knightley-starrer London Boulevard, the directing debut of The Departed scribe William Monahan, and The Rum Diary, which also stars Depp.


Graham is lucky ….. Peter is a great guy
GK Films just took a giant leap forward by getting Peter Schlessel involved. He is one of the most astute and likable guys in the industry. He certainly should always be involved in the creative side!
I love the shills on this site. Schlessel had left before after screwing over both Amy and Clint Culpepper and then came crawling back. He is likeable as long as you keep your hand on your wallet.
Who ever had the negative comment about Peter had a really unusual experience. Having dealt with Peter the entire time he has been at
Sony back to RCA Columbia as a lawyer he combines creatvity wth realism and doesnt bs. He bridged the various skill gaps at Sony and understands compromise
GK will be a great opportunity
Clint is an asshole – or you’re Clint, and an asshole for this post. Rude, condescending and full of it. Peter is a great guy, an absolute gentleman. Good luck to him!
Having worked with him back in the “CTHE” days at Sony, I can tell you from first-hand experience that Peter is a great guy, smart businessman, and will be a major asset to the GK Films team. (Wonder what Clint has to say about Peter’s departure and how it will impact him, as P&C were a great tag-team for years…)
Great move by Graham. Peter and Graham have been longtime friends, and this move makes total sense for both. Peter is one of the most astute, creative, outside-the-box thinking execs in Hollywood. On top of that, he’s one of the truly good guys. Combined with Graham’s producing ability and talent relationships, it’s going to be interesting to see how far these guys can take the company.
Why in the world would you let this guy go? He has single handedly delivered countless millions to SONY. Sounds like things will be growing at GK since Schlessel likes to move in a lot of directions at once.
Peter’s lucky. Graham has great taste and real autonomy. This should be good.
I’ve always loved that phrase, “he (or she) has great taste.”
What does that mean, exactly, since ‘taste’ is entirely subjective? And if soooo many people in Hollywood have suuuuuch great taste, how come virtually all of the finished product that spews out of the machine ends up being total crap?
this is a ‘nobody knows’ business. always has been and always will be. taste (good or bad) is the only thing that separates success from failure (unless your fox and you know how to market failure extremely well).
Can’t wait for The Tourist!
Me either.
Good Luck Peter. Im sure you’ll be successful with GK. You’ve already got a lot of great projects on your table.
This is the greatest teaming of talent to hit the industry in years. Both guys are incredibly smart and their talents compliment each other. I’ve known both guys for years, and watched them both skyrocket to the top. Anyone with a negative comment about this move by Schlessel surely does not know the man. I assure you that SONY wishes he was not leaving. Time for Schlessel to make his mark with KING. Watch for bigger and bigger things from KING & SCHLESSEL.
It’s “complement”, Chief.
What is this a SPELLING BEE???? Forgive my error.
sounds like an ideal situation for Peter! He is a smart, savvy and loyal executive who always brings something to the table!
I have worked with Peter and I know this new partnership will be a great success!! All the best Peter and GK!!
peter will do great, no question, he’s one of the good guys
his mets will continue to lose in august and sept to the phils..
smart guy in a dumb businessbut I still give this partnership less tgan two years
Any idea how this will affect distribution for THE RUM DIARY?
Congratulations Peter. Sounds like a great move and a natural fit.
There are few people who can come close to Peter. He deserves everything wonderful and this is a wonderful move.
Ah, those were the days – Peter, Gina Resnick, Ken Kamins and Larry Estes. And if you don’t know why these people are all mentioned together, don’t ask it – it will only label you as someone who knows little about the business history of independent film making.
What a loss for Sony. Peter is nothing short of brilliant. Having had the fortune of working with his team at SPHE, he was there when you needed him across all levels of the organization. Great guy…! I wish him much success!!!
sorry that Peter is leaving, he should take over for Michael L. Maybe he’ll be back again!
This is perhaps the funniest string of posts ever. 1/2 of them are by his colleagues who worked with him and didn’t like him and now are eyeing his empty spot, the other half is from unemployed or people who hope to follow Peter to GK by kissing his behind by posting on deadline.
I know Peter’s work very well, and it is the same as everyone else. He is no doubt a smart guy who knows his sh_t, how else do you think he held such a high position. But, like everyone else he’s made some really dumb moves. Have you people heard of “Black Dynamite,” that’s right, because it sucked. Probably worst movie ever.
Second, the output deal with the Weinsteins. Man, everyone wanted to see those deusches go bankrupt and Peter saved their ugly behinds. Thanks Peter. Now those tools can go on berating everyone they deal with acting like they are the man, when they are posers living on credit.
By the way, no one seems to find it odd that GK films gets a sweet deal at Sony and the guy who put it together on Sony’s side soon thereafter switches teams. It’s like Phil Jackson trading Kobe to the Clippers and then becoming GM for the Clippers. But that’s above your guys comprehension.
Aren’t you the schmuck.
In baseball like movie making it’s all about the averages and if I owned a studio I’d prefer to have Peter at the helm. Sure he’s acquired some bad film’s, but having worked with him on the deals(not looking for another job – thank you!)we made positive CF on all the films. Peter was one of the first to understand arbitraging the distribution system so that any film would make money. As our CFO said, “it’s hard to get hurt falling out of the basement window” when commenting on our acquisition model/structure. Oh sure, you may think the movie was bad, but Peter was the smart guy who figured out how to make money on movies YOU didn’t like.
As for the Weinstein’s – agree to see them go, but like all good corporate guys, some times you have to make the best out of deal others want you to close. And again, Peter is one of the few who get’s things done and earns the respect from all in the process.
Perhaps your jealous of his success. Let it go. Life’s too short.
From someone who is not in the business and has known Peter for 30 years, he is as loyal and kind as you get and has more integrity than one can imagine.
who ever said black dynamite sucked must be really old because it was funny and my college age kids loved it