Peter E. Strauss, a distinguished figure in the film industry and a veteran producer, has passed away at the age of 83. His death occurred on October 6 at his residence in Beverly Hills, where he was comforted by his wife of 46 years, Susan, and their son, Jonathan.
Over a remarkable career spanning five decades, Strauss made a significant impact on cinema. For the last 25 years, he served as Executive Vice President at Mandalay Pictures, directing the financing and distribution of numerous notable film and television productions, including The Jacket and Air. He played a crucial role in the evolution of independent filmmaking, pioneering methods in foreign sales and off-balance-sheet financing.
In 1998, Strauss took the position of president at Lions Gate Entertainment, a company he helped to co-found in 1997 alongside Frank Giustra. Under his leadership, Lionsgate emerged as a significant player in independent film production and distribution. Prior to this, Strauss was the president, CEO, and chairman of the International Movie Group, where he was involved in producing and executive producing over 30 films, including the Best of the Best series and Buster featuring Phil Collins.
His journey in the film industry began at Allied Artists, where he became Executive Vice President and was instrumental in the production of legendary films such as the Oscar-winning Cabaret, along with Papillon and The Man Who Would Be King. Following this, he joined Rastar Films, the production company founded by Ray Stark, contributing to projects like The Electric Horseman and The Villain.
In the 1980s, he established Panache Productions and produced several films, including Dance of the Dwarfs and Thunder Run. Strauss’s educational background includes attendance at Oberlin College, the London School of Economics, and Columbia University School of Law. He was a member of the prestigious Academy of Motion Picture Arts and Sciences and was known for his commitment to philanthropy and mentorship, often encouraging and supporting emerging talent within the industry.
Peter E. Strauss is survived by his wife, Susan Rausnitz; his son, Jonathan, and daughter-in-law, Elizabeth Westlake; as well as grandchildren Teddy and Caroline, and a wide circle of friends and colleagues. A private graveside service took place on October 8, with plans for a celebration of his life forthcoming.