Lionsgate CEO Jon Feltheimer has signed a new longterm deal extending his tenure until May 2023, the company said this morning.
Feltheimer has been the publicly traded entertainment corporation’s chief executive officer for 16 years. Under his guidance, the company’s film slate averages nearly $2 billion annually at the worldwide box office, Lionsgate said.
The TV side of the business includes almost 80 series on 40 networks. Lionsgate is also building a suite of streaming channels and looking for other ways to increase online viewership.
Lionsgate recently invested heavily in reality TV producer Pilgrim Media Group — a strategic partnership with Discovery Communications and Liberty Global. And in June, Lionsgate announced its $4.4 billion acquisition of Starz.
“We are pleased to extend Jon’s tenure as CEO until 2023, providing Lionsgate with great continuity as he and Michael Burns continue to lead the company’s evolution into a vertically integrated global content platform that unlocks strategic opportunities for our business and creates long-term value for shareholders,” said Lionsgate Chairman of the Board Dr. Mark Rachesky.
“We were early believers in the value of premium content in today’s ecosystem, and we believe that the company continues to take the right steps to move closer to consumers, adapt to market developments and capitalize on opportunities in a fast-changing environment, ” Rachesky continued.