Jon Feltheimer, CEO of the first media company to report quarterly earnings since SAG-AFTRA struck a deal with studios, said Thursday that he’s so pleased that “we can now all get back to making great content for a global audience.”
Speaking to Wall Streeter at the top of a call after the company’s second-quarter numbers, CFO Jimmy Barge put the impact of the strike on fiscal 2024 at about $30 million total — less than originally forecast, almost all at the television group and mostly in the September quarter. There could be a lingering $15 million-$20 million hit going forward around episodic delivery and increased costs for productions that had to shutter during the work stoppage.
Execs weighed in on how the company is situated as production restarts everywhere all at once, and the impact on costs longer term.
TV chief Kevin Beggs said things will move fast. “We have two network...
Speaking to Wall Streeter at the top of a call after the company’s second-quarter numbers, CFO Jimmy Barge put the impact of the strike on fiscal 2024 at about $30 million total — less than originally forecast, almost all at the television group and mostly in the September quarter. There could be a lingering $15 million-$20 million hit going forward around episodic delivery and increased costs for productions that had to shutter during the work stoppage.
Execs weighed in on how the company is situated as production restarts everywhere all at once, and the impact on costs longer term.
TV chief Kevin Beggs said things will move fast. “We have two network...
- 11/10/2023
- by Jill Goldsmith
- Deadline Film + TV
Lionsgate CEO Jon Feltheimer’s compensation rebounded to prior levels in fiscal 2023, reaching $21.5 million.
In the most recent fiscal year, the exec’s pay totaled $5.6 million, down sharply from $19.2 million in fiscal 2021.
The company disclosed the figures as part of a proxy filing with the SEC.
Vice Chair Michael Burns saw his total pay rise to $10.1 million in fiscal 2023, from $4.4 million in the previous year. CFO Jimmy Barge, meanwhile, had total compensation of $10.9 million, up from $6.45 million.
The proxy statement also included a date for the company’s annual shareholder meeting as well as a special shareholder meeting. On November 28, shareholders will cast votes on executive compensation and members of the board of directors.
Lionsgate is also poised to separate its studio business from Starz. After a lengthy process of strategic deliberation, the split was then postponed last August due to the WGA strike and the company’s acquisition of eOne.
In the most recent fiscal year, the exec’s pay totaled $5.6 million, down sharply from $19.2 million in fiscal 2021.
The company disclosed the figures as part of a proxy filing with the SEC.
Vice Chair Michael Burns saw his total pay rise to $10.1 million in fiscal 2023, from $4.4 million in the previous year. CFO Jimmy Barge, meanwhile, had total compensation of $10.9 million, up from $6.45 million.
The proxy statement also included a date for the company’s annual shareholder meeting as well as a special shareholder meeting. On November 28, shareholders will cast votes on executive compensation and members of the board of directors.
Lionsgate is also poised to separate its studio business from Starz. After a lengthy process of strategic deliberation, the split was then postponed last August due to the WGA strike and the company’s acquisition of eOne.
- 10/13/2023
- by Dade Hayes
- Deadline Film + TV
Lionsgate CEO Jon Feltheimer saw his total compensation jump to $21.5 million for fiscal 2023, according to the company’s latest proxy filing disclosed Friday.
That’s up from fiscal 2022 when Feltheimer received $5.6 million in total pay, and the $19.1 million he earned as part of his overall compensation package for fiscal 2021. Feltheimer’s 2023 compensation included an unchanged $1.5 million base salary, compared to the two prior years.
And his bonus last year rose to $10 million, from a bonus of $2.8 million in fiscal 2022 and a $10 million bonus for 2021. Feltheimer again received no option awards last year as in fiscal 2022.
That was against $6.7 million in option awards received for fiscal 2021. But his stock awards for fiscal 2023 rose to $9.75 million, compared to a year-earlier $1 million in stock awards and $700,000 in fiscal 2021.
Feltheimer in August 2020 extended his long-term employment agreement, keeping him at the Hollywood studio potentially to August 2025. His latest pay package follows the media giant...
That’s up from fiscal 2022 when Feltheimer received $5.6 million in total pay, and the $19.1 million he earned as part of his overall compensation package for fiscal 2021. Feltheimer’s 2023 compensation included an unchanged $1.5 million base salary, compared to the two prior years.
And his bonus last year rose to $10 million, from a bonus of $2.8 million in fiscal 2022 and a $10 million bonus for 2021. Feltheimer again received no option awards last year as in fiscal 2022.
That was against $6.7 million in option awards received for fiscal 2021. But his stock awards for fiscal 2023 rose to $9.75 million, compared to a year-earlier $1 million in stock awards and $700,000 in fiscal 2021.
Feltheimer in August 2020 extended his long-term employment agreement, keeping him at the Hollywood studio potentially to August 2025. His latest pay package follows the media giant...
- 10/13/2023
- by Etan Vlessing
- The Hollywood Reporter - Movie News
The long-pending separation of the Lionsgate studio and Starz businesses will take a little longer, the company said Wednesday. A new acquisition and other factors have pushed the split from September to early 2024.
“With the impact of the eOne acquisition on regulatory approvals, uncertainties surrounding the strike and our efforts to create the most efficient capital structure within a disruptive marketplace, we anticipate that the separation will now take place in the first quarter of calendar 2024,” Lionsgate CEO Jon Feltheimer, said on the company’s fiscal first quarter earnings call Wednesday.
The mini-major recently finalized plans to purchase Entertainment One from Hasbro for $500 million, a lot less than the $3.9 billion Hasbro paid for the studio in 2019. The acquisition gives Lionsgate another batch of titles and IP to add to its already large library.
Tawny Cypress as Taissa, Lauren Ambrose as Van and Christina Ricci as Misty in Entertainment One’s...
“With the impact of the eOne acquisition on regulatory approvals, uncertainties surrounding the strike and our efforts to create the most efficient capital structure within a disruptive marketplace, we anticipate that the separation will now take place in the first quarter of calendar 2024,” Lionsgate CEO Jon Feltheimer, said on the company’s fiscal first quarter earnings call Wednesday.
The mini-major recently finalized plans to purchase Entertainment One from Hasbro for $500 million, a lot less than the $3.9 billion Hasbro paid for the studio in 2019. The acquisition gives Lionsgate another batch of titles and IP to add to its already large library.
Tawny Cypress as Taissa, Lauren Ambrose as Van and Christina Ricci as Misty in Entertainment One’s...
- 8/9/2023
- by Scott Mendelson
- The Wrap
Lionsgate CEO Jon Feltheimer said the planned split of Lionsgate and Starz will take place in the first quarter of 2024, a change from the prior outlook for early fall of this year.
The company has spent the past couple of years evaluating a range of strategic options, landing on the split as the best way to unlock value for the studio and streaming sides of the company.
“We remain committed to the separation of Lionsgate and Starz,” Feltheimer said during the company’s quarterly earnings call with Wall Street analysts. “With the impact of the eOne acquisition on regulatory approvals, uncertainties surrounding the strike and our efforts to create the most efficient capital structure within a disruptive marketplace, we anticipate that the separation will now take place in the first quarter of calendar 2024.”
Lionsgate confirmed last week it is acquiring eOne from Hasbro for $500 million, and Feltheimer said on the...
The company has spent the past couple of years evaluating a range of strategic options, landing on the split as the best way to unlock value for the studio and streaming sides of the company.
“We remain committed to the separation of Lionsgate and Starz,” Feltheimer said during the company’s quarterly earnings call with Wall Street analysts. “With the impact of the eOne acquisition on regulatory approvals, uncertainties surrounding the strike and our efforts to create the most efficient capital structure within a disruptive marketplace, we anticipate that the separation will now take place in the first quarter of calendar 2024.”
Lionsgate confirmed last week it is acquiring eOne from Hasbro for $500 million, and Feltheimer said on the...
- 8/9/2023
- by Dade Hayes
- Deadline Film + TV
Lionsgate has unveiled its first quarter financial results as talks continue with multiple bidders on a possible sale or spinoff of the premium cable and streaming platform Starz or its studio business.
But a potential transaction that separates Lionsgate and Starz, which Wall Street has anticipated for well over a year, has now been pushed to early in 2024 after the company unveiled an acquisition of producer Entertainment One. “With the impact of the eOne acquisition on regulatory approvals, uncertainties surrounding the strike and our efforts to create the most efficient capital structure within a disruptive marketplace, we anticipate that the separation will now take place in the first quarter of calendar 2024,” Lionsgate CEO Jon Feltheimer told analysts during an after-market call.
“We felt this was something that we really didn’t want to miss,” Feltheimer added when asked whether the eOne deal was worth the delay to the studio spinoff plans,...
But a potential transaction that separates Lionsgate and Starz, which Wall Street has anticipated for well over a year, has now been pushed to early in 2024 after the company unveiled an acquisition of producer Entertainment One. “With the impact of the eOne acquisition on regulatory approvals, uncertainties surrounding the strike and our efforts to create the most efficient capital structure within a disruptive marketplace, we anticipate that the separation will now take place in the first quarter of calendar 2024,” Lionsgate CEO Jon Feltheimer told analysts during an after-market call.
“We felt this was something that we really didn’t want to miss,” Feltheimer added when asked whether the eOne deal was worth the delay to the studio spinoff plans,...
- 8/9/2023
- by Etan Vlessing
- The Hollywood Reporter - Movie News
The company predicts little impact if writers strike ends before three months.
Lionsgate has reported strong financial results for its fourth quarter, with John Wick: Chapter 4 and other new films boosting the mini-major’s performance.
The company said it is pushing ahead with plans to separate Lionsgate and its Starz subscription platform operation by the end of this year. And it suggested that the impact of the US writers strike on its financial picture will be “modest,” at least until the strike extends beyond three months.
For the quarter ending March 31, Lionsgate had revenue of $1.1bn, up 17% year-on-year and...
Lionsgate has reported strong financial results for its fourth quarter, with John Wick: Chapter 4 and other new films boosting the mini-major’s performance.
The company said it is pushing ahead with plans to separate Lionsgate and its Starz subscription platform operation by the end of this year. And it suggested that the impact of the US writers strike on its financial picture will be “modest,” at least until the strike extends beyond three months.
For the quarter ending March 31, Lionsgate had revenue of $1.1bn, up 17% year-on-year and...
- 5/26/2023
- by John Hazelton
- ScreenDaily
Lionsgate CFO Jimmy Barge said the company will see little to no financial impact from a three-month WGA strike – about how long the guild’s last work stoppage lasted — and that it hasn’t factored prolonged labor action into its guidance. A strong content pipeline and large library makes the business pretty resilient, he told analysts Thursday.
Asked if Lionsgate was changing financial projections based on the labor action that started May 2, he said no. “In terms of the motion picture group, I don’t think you are going to see a significant impact. Looking at the 2008 precedent of three months, up to that point, I think the financial impact for us, if any, would be modest. We’ve of course been preparing for a strike for several months and we have a significant content pipeline, completed projects, and, with our film and television library, our businesses are very resilient.
Asked if Lionsgate was changing financial projections based on the labor action that started May 2, he said no. “In terms of the motion picture group, I don’t think you are going to see a significant impact. Looking at the 2008 precedent of three months, up to that point, I think the financial impact for us, if any, would be modest. We’ve of course been preparing for a strike for several months and we have a significant content pipeline, completed projects, and, with our film and television library, our businesses are very resilient.
- 5/25/2023
- by Jill Goldsmith and Dade Hayes
- Deadline Film + TV
Lionsgate has released its fourth quarter financial results while continuing talks with multiple bidders on a possible sale or spinoff of the premium cable and streaming platform Starz or its studio business.
The Hollywood studio trimmed its fourth quarter net loss attributable to shareholder to $96.8 million, against a year-earlier loss of $104.6 million, on overall revenue rising 17 percent to 1.08 billion, compared to a year-earlier $929.9 million, which beat a Wall Street analyst estimate by $92 million for the latest quarter.
Lionsgate posted an earnings per-share loss of 42 cents, compared to a year-earlier per-share loss of 46 cents. The adjusted earnings per-share of 21 cents, against a year-earlier 1 cent per-share profit. beat an analyst estimate for a 9 cents-per share loss by 30 cents.
The studio also reported record trailing 12-month library revenue of $884 million in the quarter from a mix of film and TV content. During the fourth quarter, the studio gained from the industry’s box...
The Hollywood studio trimmed its fourth quarter net loss attributable to shareholder to $96.8 million, against a year-earlier loss of $104.6 million, on overall revenue rising 17 percent to 1.08 billion, compared to a year-earlier $929.9 million, which beat a Wall Street analyst estimate by $92 million for the latest quarter.
Lionsgate posted an earnings per-share loss of 42 cents, compared to a year-earlier per-share loss of 46 cents. The adjusted earnings per-share of 21 cents, against a year-earlier 1 cent per-share profit. beat an analyst estimate for a 9 cents-per share loss by 30 cents.
The studio also reported record trailing 12-month library revenue of $884 million in the quarter from a mix of film and TV content. During the fourth quarter, the studio gained from the industry’s box...
- 5/25/2023
- by Etan Vlessing
- The Hollywood Reporter - Movie News
Layoff season isn’t over at Lionsgate’s film division.
The company, based in Vancouver and headquartered in Santa Monica, laid off a dozen employees in its Motion Picture Group, a source confirms to The Hollywood Reporter. The cuts impact about 3 percent of the division, which totals about 400 employees.
The pink slips hit the group shortly after the March 24 global bow of John Wick: Chapter 4, the company’s flagship Keanu Reeves-starring franchise, which has nabbed $306 million so far, as well as the January release of Gerard Butler thriller Plane, which has grossed $52 million worldwide. (The company also distributed Guy Ritchie’s Operation Fortune: Ruse de Guerre, co-financed by Miramax and STX Entertainment, stateside, where it grossed $6.5 million domestically in March.)
The layoffs are the latest in a series of smaller cuts made at the Jon Feltheimer-run Lionsgate over the past six months. “In terms of overall cost and corporate overhead,...
The company, based in Vancouver and headquartered in Santa Monica, laid off a dozen employees in its Motion Picture Group, a source confirms to The Hollywood Reporter. The cuts impact about 3 percent of the division, which totals about 400 employees.
The pink slips hit the group shortly after the March 24 global bow of John Wick: Chapter 4, the company’s flagship Keanu Reeves-starring franchise, which has nabbed $306 million so far, as well as the January release of Gerard Butler thriller Plane, which has grossed $52 million worldwide. (The company also distributed Guy Ritchie’s Operation Fortune: Ruse de Guerre, co-financed by Miramax and STX Entertainment, stateside, where it grossed $6.5 million domestically in March.)
The layoffs are the latest in a series of smaller cuts made at the Jon Feltheimer-run Lionsgate over the past six months. “In terms of overall cost and corporate overhead,...
- 4/14/2023
- by Erik Hayden
- The Hollywood Reporter - Movie News
Exclusive: Lionsgate, which continues preparations to separate its studio business from Starz, laid off staffers in its Motion Picture Group on Thursday, sources tell Deadline. I hear the number is about a dozen.
The news comes on the heels of the company revealing during its Q3 earnings call in February that it had cut about 150 positions, reducing 10 percent of its workforce across all divisions, over the previous six months.
Lionsgate CFO Jimmy Barge said at the time the layoffs were part of efforts to manage costs ahead of the planned separation.
Today’s layoffs also are part of ongoing streamlining of Lionsgate’s film division, led by chairman Joe Drake and vice chair Adam Fogelson, and of overall belt-tightening across media companies in a challenging economic environment.
Two weeks ago, Lionsgate submitted a draft registration of the proposed spinoff of the studio with SEC. The company had said it expects...
The news comes on the heels of the company revealing during its Q3 earnings call in February that it had cut about 150 positions, reducing 10 percent of its workforce across all divisions, over the previous six months.
Lionsgate CFO Jimmy Barge said at the time the layoffs were part of efforts to manage costs ahead of the planned separation.
Today’s layoffs also are part of ongoing streamlining of Lionsgate’s film division, led by chairman Joe Drake and vice chair Adam Fogelson, and of overall belt-tightening across media companies in a challenging economic environment.
Two weeks ago, Lionsgate submitted a draft registration of the proposed spinoff of the studio with SEC. The company had said it expects...
- 4/14/2023
- by Nellie Andreeva
- Deadline Film + TV
Remember the end of summer 2022, when Lionsgate was absolutely, undoubtedly going to sell Starz? Lionsgate CEO Jon Feltheimer declared that a Starz sale would close by the end of March 2023, but there has been no visible interest in the streaming home of “P-Valley” and “Gaslit” since.
So, change of plans: Lionsgate the holding company has pivoted to separate its businesses and sell… Lionsgate the studio, producer of franchises like “John Wick” and “Hunger Games” and TV shows like “Acapulco” and “Ghosts.” And Starz is still movable (more on that below).
“Our plan to separate Lionsgate and Starz by the end of September remains on track,” Feltheimer said on last week’s earnings call. “Separation will give our two core businesses the opportunity to pursue strategic and financial paths that make sense for each of them, and unlock greater value by operating as pure-play entities. We are exploring a number of...
So, change of plans: Lionsgate the holding company has pivoted to separate its businesses and sell… Lionsgate the studio, producer of franchises like “John Wick” and “Hunger Games” and TV shows like “Acapulco” and “Ghosts.” And Starz is still movable (more on that below).
“Our plan to separate Lionsgate and Starz by the end of September remains on track,” Feltheimer said on last week’s earnings call. “Separation will give our two core businesses the opportunity to pursue strategic and financial paths that make sense for each of them, and unlock greater value by operating as pure-play entities. We are exploring a number of...
- 2/15/2023
- by Tony Maglio
- Indiewire
Lionsgate revealed as part of its third-quarter earnings for its fiscal 2023 the company “quietly” cut about 150 employees, or 10 percent of its staff.
The layoffs were spread out across the last two quarters, not during fiscal Q3 alone, a person with knowledge of the reductions told IndieWire. The cuts were across all of Lionsgate and not focused on one particular business unit.
Lionsgate CFO Jimmy Barge snuck the news in during his response to a media analyst’s question about how the company is managing corporate costs ahead of a planned spin off of either Starz or the Lionsgate studio. The separation of businesses is still on track for September, Barge said. The cuts came through restructurings and managing open positions, Barge said, which would help with managing costs across the board and also benefit the companies upon their separation.
“With regards to leverage, we’re in a very good position,...
The layoffs were spread out across the last two quarters, not during fiscal Q3 alone, a person with knowledge of the reductions told IndieWire. The cuts were across all of Lionsgate and not focused on one particular business unit.
Lionsgate CFO Jimmy Barge snuck the news in during his response to a media analyst’s question about how the company is managing corporate costs ahead of a planned spin off of either Starz or the Lionsgate studio. The separation of businesses is still on track for September, Barge said. The cuts came through restructurings and managing open positions, Barge said, which would help with managing costs across the board and also benefit the companies upon their separation.
“With regards to leverage, we’re in a very good position,...
- 2/9/2023
- by Brian Welk
- Indiewire
Lionsgate has released its third quarter financial results while exploring a possible sale or spinoff of the premium cable and streaming platform Starz or its studio business.
The studio swung to a third quarter net income at 16.6 million, against a year-earlier loss of 45.6 million, on overall revenue rising to 1 billion, compared to a year-earlier 885.4 million, on strong studio revenue during the three months to Dec. 31, 2022.
Lionsgate posted an adjusted earnings per-share at 26 cents, compared to a year-earlier per-share loss of 12 cents, which in the latest financial quarter beat an analyst estimate by 38 cents. The studio reported record trailing 12-month library revenue of 845 million in the quarter from a mix of film and TV content, including the licensing of Schitt’s Creek and Shotgun Wedding.
“We reported a strong financial quarter with record trailing 12-month library revenues affirming the value of our intellectual properties. We enter our fourth quarter with encouraging...
The studio swung to a third quarter net income at 16.6 million, against a year-earlier loss of 45.6 million, on overall revenue rising to 1 billion, compared to a year-earlier 885.4 million, on strong studio revenue during the three months to Dec. 31, 2022.
Lionsgate posted an adjusted earnings per-share at 26 cents, compared to a year-earlier per-share loss of 12 cents, which in the latest financial quarter beat an analyst estimate by 38 cents. The studio reported record trailing 12-month library revenue of 845 million in the quarter from a mix of film and TV content, including the licensing of Schitt’s Creek and Shotgun Wedding.
“We reported a strong financial quarter with record trailing 12-month library revenues affirming the value of our intellectual properties. We enter our fourth quarter with encouraging...
- 2/9/2023
- by Etan Vlessing
- The Hollywood Reporter - Movie News
Click here to read the full article.
Corii Berg has resigned as general counsel of Lionsgate.
The departure, effective Dec. 20, was announced in a Securities and Exchange Commission filing issued by the Hollywood studio on Tuesday. No reason was given for the resignation, but it’s understood it was Berg’s decision to leave the home of the John Wick franchise.
Associate general counsels Adrian Kuzycz and Randall Jackson and chief ethics and legal compliance officer Rahwa Ghebre-Ab will manage Lionsgate’s legal team on an interim basis. Berg, a former Sony Pictures Entertainment exec, joined Lionsgate in mid-2018 and reported to CEO Jon Feltheimer.
Berg also worked closely with vice chairman Michael Burns, COO Brian Goldsmith and CFO Jimmy Barge as the studio navigated industry consolidation. Lionsgate is currently courting possible suitors as it considers spinning off its studio business.
As the studio also explores its options for Starz,...
Corii Berg has resigned as general counsel of Lionsgate.
The departure, effective Dec. 20, was announced in a Securities and Exchange Commission filing issued by the Hollywood studio on Tuesday. No reason was given for the resignation, but it’s understood it was Berg’s decision to leave the home of the John Wick franchise.
Associate general counsels Adrian Kuzycz and Randall Jackson and chief ethics and legal compliance officer Rahwa Ghebre-Ab will manage Lionsgate’s legal team on an interim basis. Berg, a former Sony Pictures Entertainment exec, joined Lionsgate in mid-2018 and reported to CEO Jon Feltheimer.
Berg also worked closely with vice chairman Michael Burns, COO Brian Goldsmith and CFO Jimmy Barge as the studio navigated industry consolidation. Lionsgate is currently courting possible suitors as it considers spinning off its studio business.
As the studio also explores its options for Starz,...
- 12/21/2022
- by Etan Vlessing
- The Hollywood Reporter - Movie News
Click here to read the full article.
Lionsgate has chosen to exit seven international territories for Lionsgate+, its rebranded international operations for Starzplay, leading to a second quarter operating loss of 53.7 million before the impact of around 1.7 billion in non-cash goodwill accounting and restructuring charges.
The streamlining move comes as Hollywood studio released its second quarter financial results while exploring a possible sale or spinoff of the premium cable and streaming platform or its studio business. Lionsgate will exit Lionsgate+ markets in France, Germany, Italy, Spain, Benelux, the Nordic regions and in Japan.
The studio will remain with Starz internationally in the UK, Latin America and Canada. Lionsgate’s base of global streaming subscribers for Starz during the second quarter rose to 27.3 million for the three months to Sept. 31, 2022 in an increasingly competitive global streaming arena. That’s up 1 million subscribers compared to 26.3 million at the end of its first...
Lionsgate has chosen to exit seven international territories for Lionsgate+, its rebranded international operations for Starzplay, leading to a second quarter operating loss of 53.7 million before the impact of around 1.7 billion in non-cash goodwill accounting and restructuring charges.
The streamlining move comes as Hollywood studio released its second quarter financial results while exploring a possible sale or spinoff of the premium cable and streaming platform or its studio business. Lionsgate will exit Lionsgate+ markets in France, Germany, Italy, Spain, Benelux, the Nordic regions and in Japan.
The studio will remain with Starz internationally in the UK, Latin America and Canada. Lionsgate’s base of global streaming subscribers for Starz during the second quarter rose to 27.3 million for the three months to Sept. 31, 2022 in an increasingly competitive global streaming arena. That’s up 1 million subscribers compared to 26.3 million at the end of its first...
- 11/3/2022
- by Etan Vlessing
- The Hollywood Reporter - Movie News
Lionsgate said Monday it has tapped Wall Street buy-side analyst Nilay Shah as executive VP and head of investor relations
Shah, with 15 years’ experience at Citadel, Ivory Capital, Franklin Templeton and other financial institutions, reports to Lionsgate CFO Jimmy Barge. He replaces James Marsh, who is now heading investor relations for mobile game platform Skillz.
As Lionsgate Ir chief, Shah will be crafting the company’s investor relations strategies across its portfolio of businesses, oversee communications with the financial community and spearhead investor marketing initiatives. The Ir function also manages the company’s profile at investor conferences and quarterly earnings calls with shareholders. He joins the company at felicitous time for its Wall Street profile and stock price., which has more than tripled from its 52-week low last March. It closed Friday at $18.41.
He will also serve on Lionsgate’s executive management committee.
Shah previously worked at Citadel Global Equities as a technology,...
Shah, with 15 years’ experience at Citadel, Ivory Capital, Franklin Templeton and other financial institutions, reports to Lionsgate CFO Jimmy Barge. He replaces James Marsh, who is now heading investor relations for mobile game platform Skillz.
As Lionsgate Ir chief, Shah will be crafting the company’s investor relations strategies across its portfolio of businesses, oversee communications with the financial community and spearhead investor marketing initiatives. The Ir function also manages the company’s profile at investor conferences and quarterly earnings calls with shareholders. He joins the company at felicitous time for its Wall Street profile and stock price., which has more than tripled from its 52-week low last March. It closed Friday at $18.41.
He will also serve on Lionsgate’s executive management committee.
Shah previously worked at Citadel Global Equities as a technology,...
- 3/22/2021
- by Jill Goldsmith
- Deadline Film + TV
Lionsgate Eyes 15M-25M Global Starz Ott Subscribers By 2024; CEO Jon Feltheimer Responds To M&A Talk
Lionsgate CEO Jon Feltheimer honored the company’s policy of declining comment on M&A rumors during the company’s conference call today with Wall Street analysts to discuss its fourth-quarter financial results.
Nevertheless, Feltheimer and CFO Jimmy Barge emphasized the long-term plan to continue investing in Starz despite recent reports of talks with CBS about a potential sale of the premium network.
“We have a plan,” Feltheimer affirmed. “We’re super-confident about it. We’re executing on the plan. We felt that the window of opportunity [for expansion] was now. You can see the results already.”
Largely because of hefty investments in the international buildout of the Starz Play streaming offering, Lionsgate reported a lackluster quarter of results, which suffered further from ongoing softness on the film side.
Barge said the company envisions “compelling” return from its ongoing investment in boosting the formerly U.S.-centric network internationally. He said the spending...
Nevertheless, Feltheimer and CFO Jimmy Barge emphasized the long-term plan to continue investing in Starz despite recent reports of talks with CBS about a potential sale of the premium network.
“We have a plan,” Feltheimer affirmed. “We’re super-confident about it. We’re executing on the plan. We felt that the window of opportunity [for expansion] was now. You can see the results already.”
Largely because of hefty investments in the international buildout of the Starz Play streaming offering, Lionsgate reported a lackluster quarter of results, which suffered further from ongoing softness on the film side.
Barge said the company envisions “compelling” return from its ongoing investment in boosting the formerly U.S.-centric network internationally. He said the spending...
- 5/23/2019
- by Dade Hayes
- Deadline Film + TV
Liongate’s hopes for 2019 rest largely on shoulders of “Hellboy,” John Wick and the two unlikely lovers of “Long Shot.”
Last year was the studio’s worst year at the box office since 2011. It pulled in just $389 million in 2018, according to Box Office Mojo.
But Lionsgate CEO Jon Feltheimer told investors in February that three upcoming films — “Hellboy,” “Long Shot” and “John Wick: Chapter 3 — Parabellum,” will be a “return to form” for the company’s motion picture business. Last year’s disappointments included “Robin Hood,” which pulled in $30.8 million domestically, “The Spy Who Dumped Me” ($33.6 million) and “The Commuter” ($36.3 million).
Also Read: Lionsgate Sets Holiday Release Date for Charlize Theron's Roger Ailes Scandal Film
“John Wick 3” comes out next month and is the first film greenlit by new motion picture group co-chairman Joe Drake. The franchise has a devout fan base: the second film in the series earned $171.5 million in worldwide box office,...
Last year was the studio’s worst year at the box office since 2011. It pulled in just $389 million in 2018, according to Box Office Mojo.
But Lionsgate CEO Jon Feltheimer told investors in February that three upcoming films — “Hellboy,” “Long Shot” and “John Wick: Chapter 3 — Parabellum,” will be a “return to form” for the company’s motion picture business. Last year’s disappointments included “Robin Hood,” which pulled in $30.8 million domestically, “The Spy Who Dumped Me” ($33.6 million) and “The Commuter” ($36.3 million).
Also Read: Lionsgate Sets Holiday Release Date for Charlize Theron's Roger Ailes Scandal Film
“John Wick 3” comes out next month and is the first film greenlit by new motion picture group co-chairman Joe Drake. The franchise has a devout fan base: the second film in the series earned $171.5 million in worldwide box office,...
- 4/2/2019
- by Trey Williams
- The Wrap
Speaking to a crowd of investors this morning, Lionsgate CFO Jimmy Barge predicted a “nice rebound” for the company’s film operation in fiscal 2020, but cautioned, “I’m not doubling down on the film business.”
In an appearance at a Deutsche Bank investor conference, Barge said film is a “tough business and it’s hit-driven.” The company’s recently reshuffled management team, led by returning film chief Joe Drake, is making strides in his efforts to turn around the film division’s fortunes, Barge said. Lionsgate, he said, will “own more of the rights” in the future, with “better execution on production.” Asked about returning to previous goals of 15 to 20 annual releases, he said “mid-teens” would be a more realistic target.
After a surge in box office in 2017, with Wonder, the second John Wick installment and carryover from La La Land‘s late-2016 release driving revenue, the independent studio’s fortunes have changed.
In an appearance at a Deutsche Bank investor conference, Barge said film is a “tough business and it’s hit-driven.” The company’s recently reshuffled management team, led by returning film chief Joe Drake, is making strides in his efforts to turn around the film division’s fortunes, Barge said. Lionsgate, he said, will “own more of the rights” in the future, with “better execution on production.” Asked about returning to previous goals of 15 to 20 annual releases, he said “mid-teens” would be a more realistic target.
After a surge in box office in 2017, with Wonder, the second John Wick installment and carryover from La La Land‘s late-2016 release driving revenue, the independent studio’s fortunes have changed.
- 10/3/2018
- by Dade Hayes
- Deadline Film + TV
Lionsgate has hired veteran Sony Pictures executive Corii Berg as its general counsel. He had been at Sony for 20 years, the past nine as Senior Evp and Head of Worldwide Business Affairs for Sony Pictures TV production.
In his new role, Berg will be Liongate’s senior legal and business affairs executive, serving on its Executive Management Committee and senior decision-making team. He also will be involved in M&A activities, strategic investments and partnerships, initiatives related to Lionsgate’s capital structure and corporate financings, and the growth of Lionsgate’s content platform.
He will report to Lionsgate CEO Jon Feltheimer and work with Vice Chairman Michael Burns, Lionsgate COO Brian Goldsmith and Lionsgate CFO Jimmy Barge. He starts June 11.
“Corii is an experienced, forward-looking strategist who brings to Lionsgate a wealth of major studio legal experience, deep knowledge of the television space, and a strong track record helping launch new content platforms worldwide,...
In his new role, Berg will be Liongate’s senior legal and business affairs executive, serving on its Executive Management Committee and senior decision-making team. He also will be involved in M&A activities, strategic investments and partnerships, initiatives related to Lionsgate’s capital structure and corporate financings, and the growth of Lionsgate’s content platform.
He will report to Lionsgate CEO Jon Feltheimer and work with Vice Chairman Michael Burns, Lionsgate COO Brian Goldsmith and Lionsgate CFO Jimmy Barge. He starts June 11.
“Corii is an experienced, forward-looking strategist who brings to Lionsgate a wealth of major studio legal experience, deep knowledge of the television space, and a strong track record helping launch new content platforms worldwide,...
- 6/4/2018
- by Patrick Hipes
- Deadline Film + TV
Lionsgate has tapped veteran media industry executive Corii Berg to be general counsel of the studio.
Berg will be the company’s senior legal and business affairs executive, and serve on its executive management committee and senior decision-making team. He will report to Lionsgate chief executive officer Jon Feltheimer, working closely with vice chairman Michael Burns, Lionsgate COO Brian Goldsmith, and Lionsgate CFO Jimmy Barge.
Berg fills the slot that was vacated last year by Wayne Levin. Berg, who has been at Sony Pictures for two decades, assumes his new post on June 11. Berg will be involved in all M&A activities, strategic investments and partnerships, initiatives related to the capital structure and corporate financing, and the continued growth of Lionsgate’s content platform.
Lionsgate announced the appointment on Monday, a week after it acquired a majority stake in management-production powerhouse 3 Arts Entertainment for an undisclosed price. Lionsgate bought premium...
Berg will be the company’s senior legal and business affairs executive, and serve on its executive management committee and senior decision-making team. He will report to Lionsgate chief executive officer Jon Feltheimer, working closely with vice chairman Michael Burns, Lionsgate COO Brian Goldsmith, and Lionsgate CFO Jimmy Barge.
Berg fills the slot that was vacated last year by Wayne Levin. Berg, who has been at Sony Pictures for two decades, assumes his new post on June 11. Berg will be involved in all M&A activities, strategic investments and partnerships, initiatives related to the capital structure and corporate financing, and the continued growth of Lionsgate’s content platform.
Lionsgate announced the appointment on Monday, a week after it acquired a majority stake in management-production powerhouse 3 Arts Entertainment for an undisclosed price. Lionsgate bought premium...
- 6/4/2018
- by Dave McNary
- Variety Film + TV
Lionsgate has named former Sony Pictures Entertainment exec Corii Berg as its new general counsel.
Berg will be the studio's senior legal and business affairs executive and serve on its executive management committee. Reporting to Lionsgate CEO Jon Feltheimer, Berg will work closely with vice chairman Michael Burns, COO Brian Goldsmith and CFO Jimmy Barge as the Hollywood studio continues to navigate industry consolidation.
After recent Wall Street chatter suggesting Lionsgate may be interested in being a seller, the studio turned buyer by taking a majority stake in the management firm 3 Arts Entertainment.
While at Sony Pictures Entertainment,...
Berg will be the studio's senior legal and business affairs executive and serve on its executive management committee. Reporting to Lionsgate CEO Jon Feltheimer, Berg will work closely with vice chairman Michael Burns, COO Brian Goldsmith and CFO Jimmy Barge as the Hollywood studio continues to navigate industry consolidation.
After recent Wall Street chatter suggesting Lionsgate may be interested in being a seller, the studio turned buyer by taking a majority stake in the management firm 3 Arts Entertainment.
While at Sony Pictures Entertainment,...
Lionsgate has named former Sony Pictures Entertainment exec Corii Berg as its new general counsel.
Berg will be the studio's senior legal and business affairs executive and serve on its executive management committee. Reporting to Lionsgate CEO Jon Feltheimer, Berg will work closely with vice chairman Michael Burns, COO Brian Goldsmith and CFO Jimmy Barge as the Hollywood studio continues to navigate industry consolidation.
After recent Wall Street chatter suggesting Lionsgate may be interested in being a seller, the studio turned buyer by taking a majority stake in the management firm 3 Arts Entertainment.
While at Sony Pictures Entertainment,...
Berg will be the studio's senior legal and business affairs executive and serve on its executive management committee. Reporting to Lionsgate CEO Jon Feltheimer, Berg will work closely with vice chairman Michael Burns, COO Brian Goldsmith and CFO Jimmy Barge as the Hollywood studio continues to navigate industry consolidation.
After recent Wall Street chatter suggesting Lionsgate may be interested in being a seller, the studio turned buyer by taking a majority stake in the management firm 3 Arts Entertainment.
While at Sony Pictures Entertainment,...
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