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Peter E. Strauss, a veteran film executive, movie producer, and pioneering entrepreneur, passed away on October 6 at his home in Beverly Hills. He was 83. Peter was surrounded by his beloved wife of 46 years, Susan, and his son, Jonathan.
Over a remarkable five-decade career, Strauss left an indelible mark on the film industry. As Executive Vice President of Mandalay Pictures for the last 25 years, he oversaw the financing and distribution of numerous film and television projects, including The Jacket and Air. He was instrumental in the growth of independent cinema, pioneering foreign sales and off-balance-sheet financing for independent films.
In 1998, Strauss was appointed President of Lions Gate Entertainment, a company he helped establish alongside Frank Giustra in 1997, overseeing its U.S. operations. During his tenure, Lionsgate rose to become a prominent force in independent film production and distribution. Previously, Strauss served as President, CEO, and Chairman of the International Movie Group, where he produced and executive produced over 30 films, including the Best of the Best series, Buster with Phil Collins, and “Cadence” starring Charlie and Martin Sheen.
Strauss began his film career at Allied Artists, eventually becoming Executive Vice President, shepherding films that included the 1973 Academy Award Best Picture winner Cabaret, Papillon, and The Man Who Would Be King. He went on to become Executive Vice President of Rastar Films, the production company of Ray Stark, where he oversaw the production of notable projects such as The Electric Horseman and The Villain. In the 1980s, he founded Panache Productions, producing titles including Dance of the Dwarfs and Thunder Run.
Strauss was educated at Oberlin College, the London School of Economics, and Columbia University School of Law. He was a member of the Academy of Motion Picture Arts and Sciences, and was committed to philanthropy and mentorship throughout his life, inspiring and supporting young talent across the industry.
Strauss is survived by his wife, the former Susan Rausnitz, his son Jonathan and daughter-in-law Elizabeth Westlake, grandchildren Teddy and Caroline, and many devoted friends and colleagues. A private graveside service was held on October 8, and a celebration of his life will be announced at a later date.
