It has been so busy tonight that tips on this news have been sitting in my email account since 3 PM: Lionsgate EVP of the Motion Picture Group Wolfgang Hammer is headed to CBS Films as the new COO to work for President & CEO Amy Baer and oversee acquisitions, finance, legal, and business affairs, including co-productions and creative decisions. Hammer had only been with Lionsgate for 2 1/2 years, and is replacing Bruce Tobey who served as CBS Film’s first COO and will be departing the company at the end of the year. ”Bruce got this division up and running, and established for the days ahead,” Baer said in a statement. “I have great respect and gratitude for his talent, commitment and his contributions to CBS Films. We wish him the best in all of his future endeavors.”

Hammer’s hiring follows the box office tanking of the first 3 productions by CBS Films including Faster this weekend. ”Hammer will report to Baer and the pair will work together on the division’s business and creative decisions,” the official CBS Films release said. “Wolfgang’s aptitude for innovative deal making, strong background in international financing, his excellent relationships with talent and his passion for the business of movies make him the perfect addition to our team,” said Baer. Prior to Lionsgate, where he began as VP of Production, Hammer, who’s Austrian, was at Media Rights Capital (MRC) and began his industry career at the old Endeavor agency under partner/founder Tom Strickler.

Editor-in-Chief Nikki Finke - tip her here.