Sandra Stern's Lionsgate Exit: Reflections on the Evolving Entertainment Industry

In a farewell interview, Sandra Stern, who served as vice chairman of Lionsgate's television group, shares her experiences and perspectives on the entertainment industry. Stern, who has spent over 40 years in the business, including a long tenure at Lionsgate, reflects on how the industry has changed, mentioning the shift from a more social and personal business model to a more transactional one.

Stern also recalls key moments in her career, such as the pre-Emmy party for 'Orange Is the New Black' at Ted Sarandos' house, highlighting the sense of community that existed in the industry in the past. In addition, she talks about the importance of maintaining joy and enthusiasm in an increasingly difficult and competitive business.

Stern describes how the business has become more transactional over time, losing some of the fun it used to have. She mentions the importance of maintaining a positive work environment and fostering personal relationships in a sector where work has become more difficult.

She also addresses the difficulty faced by new generations in the industry, who are growing up in an environment where it is more complicated to launch programs and make profits. Stern shares her strategies for infusing joy into work and building strong relationships.

Stern recounts anecdotes about how personal relationships and direct communication have been key to her successes, including a situation with Craig Erwich of ABC to secure the production of a spin-off of 'The Rookie'. She also highlights the importance of asking and understanding the needs of others to reach beneficial agreements.

In addition, Stern shares her optimistic vision for the future of the industry, despite the current challenges, and emphasizes the importance of stories and adapting to new business models.

Stern shares examples of successful negotiations, such as that of the show 'Mad Men', highlighting the importance of building strong relationships and understanding the needs of others. She mentions that the key to success lies in support and adaptation to new business models.

In addition, Stern advises the new generations to trust themselves and not be afraid to express their ideas and desires.

Stern talks about the importance of adaptation and resilience in the entertainment industry, mentioning how Lionsgate has evolved from broadcast to cable television, and then to streaming. She emphasizes that success lies in finding the right place for each program and building long-term relationships.

Stern also reflects on her experience as a woman in the industry, mentioning that she always focused on her work and did not allow limitations to define her. Finally, she advises young professionals to believe in themselves and ask for what they want.