Peter E. Strauss, celebrated film executive, movie producer, and entrepreneur, has passed away at the age of 83. His family surrounded him with love as he took his last breath on October 6 at his home in Beverly Hills. Strauss is survived by his wife Susan, with whom he shared 46 years of marriage, and his son Jonathan.
Over more than five decades, Strauss carved out a notable path for himself within the film industry, becoming known for his contributions to independent cinema. For the past 25 years, he served as the Executive Vice President of Mandalay Pictures. Under his watchful eye, the company financed and distributed numerous notable films and television projects, including the acclaimed The Jacket and the gripping Air. His undoing also included redefining the financial mechanisms through which independent films acquired backing, honing methods like off-balance-sheet financing and foreign sales.
Before making his mark at Mandalay, the late executive played pivotal roles within other prominent film companies. His early career was marked by his time at Allied Artists, where he became Executive Vice President. It was here he contributed to the production of classic films such as the Oscar-winning Cabaret, as well as Papillon and The Man Who Would Be King. His career then led him to Rastar Films, founded by the legendary Ray Stark, where he again contributed to key films like The Electric Horseman and The Villain.
Strauss’s influence waxed larger still when he co-founded Lions Gate Entertainment alongside Frank Giustra back in 1997. Just one year later, he ascended to the company’s presidency, where his leadership was instrumental in transitioning Lionsgate from mere beginnings to its rise as one of the industry's leading independent film production and distribution companies. During his tenure, Strauss helped produce and executive produce over thirty films, including notable titles like Buster, featuring Phil Collins, and the Best of the Best series.
Even as he made waves within the cinema community, Strauss remained rooted in his commitment to mentorship and philanthropy. He played supportive roles for up-and-coming talent, sharing his wealth of knowledge to inspire and empower the next generation of filmmakers. His love for the film industry was matched by his dedication to education, which he pursued through his studies at notable institutions including Oberlin College, the London School of Economics, and the Columbia University School of Law.
Throughout his career, Strauss earned recognition not only from peers but also from the prestigious Academy of Motion Picture Arts and Sciences. He took part in this organization, making contributions to the arts, and mentoring young filmmakers. His philanthropic ventures spanned across the industry, showcasing his desire to give back and craft opportunities for budding talent.
A private graveside ceremony took place on October 8, where family and close friends gathered to share their final goodbyes. Plans for a broader celebration of his life are underway and will be announced at a later date, giving his vast network of colleagues and friends the chance to honor the man who had such an influential impact on the film industry.
While Peter E. Strauss has left this world, the legacy he built will persist through the films he produced and the countless lives he touched along the way. His remarkable career and uplifting spirit remain ingrained within the fabric of independent cinema—an industry forever changed thanks to his visionary leadership and passion.
