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03/09/2012 04:09 pm ET Updated May 09, 2012

Lionsgate-Summit Laying Off 80, Signs Long-Term Deal With COO Steve Beeks | The Wrap Movies

Lionsgate-Summit is laying off about 80 people on Friday, the same day the company announced it has signed a new, long-term agreement with co-COO Steve Beeks, an individual familiar with the situation has told TheWrap.

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