Jon Feltheimer Latest Celebrity News & Gossip

In its quarterly earnings report, Lionsgate reported that 4.8 million new subscribers were added by Starz in the quarter ending March 31, beating projections of 3 million new subscribers as its global count increases to 35.8 million. During an earnings call on Thursday afternoon, CEO Jon Feltheimer said that the company is finalizing its plans for either a minority stake sale or acquisition deal of Starz this summer.

Lionsgate CEO Jon Feltheimer said the company is planning to unveil its plans for Starz by the late summer and close a deal by next spring as the process to monetize the premium channel and streamer moves forward.

Todd Spangler NY Digital EditorLionsgate came in below Wall Street expectations for the first three months of the year, but its TV production division again had stellar results and its Starz streaming business kept on growing.The company previously announced that it would look at spinning off or selling Starz, the premium cable network and streamer it acquired in 2016, as part of reducing debt. Among the suitors are Roku and Apollo Group, which have teamed on a bid to acquire a minority stake in Starz.On the earnings call Thursday, CEO Jon Feltheimer said Lionsgate is aiming to announce its plan for Starz by the end of this summer and that the company expects a transaction could close as early as the first quarter of calendar year 2023.

Revenue for the quarter ending on March 31 came in at $930 million, below Wall Street projections of $961 million. Despite continued operating losses, CEO Jon Feltheimer touted his studio’s ongoing efforts to build its film and TV content base over the past year, as well as subscriber growth for its Starz streaming service to 35.8 million worldwide, with 12.8 million coming from StarzPlay Arabia.

Todd Spangler NY Digital EditorLionsgate came in below Wall Street expectations for the first three months of the year, but its TV production division again had stellar results and its Starz streaming business kept on growing.The company reported revenue of $929.9 million, up 6% year over year, while its net loss more than doubled to $104.6 million for the quarter ended March 31. That translated to adjusted net income of $13 million, or adjusted earnings per share of 6 cents.

Streaming was a silver lining for Lionsgate in an otherwise downbeat report of its fiscal fourth quarter results, which showed revenue and earnings below Wall Street expectations.

Lionsgate will be the key tenant with naming rights to a major new studio project in Newark, New Jersey being built being by Robert Halmi and Fehmi Zeko’s Great Point Studios.

Roku and Apollo Global Management have teamed up to bid for a minority stake in Starz, Deadline has confirmed.

Jennifer Grey is set to have the time of her life once more in the sequel to 1987’s “Dirty Dancing.”Lionsgate held a presentation at Cinemacon in Las Vegas yesterday where they announced the new flick alongside old clips from the romance drama.“Jennifer Grey returns to Kellerman’s in the next chapter,” a voiceover said. Kellerman’s was the Catskills resort where Grey’s character Frances “Baby” Houseman and her family vacationed when she met and ultimately fell in love with dancing and Patrick Swayze’s Johnny Castle.

Lionsgate execs declined to offer any update on the status of Starz after announcing last fall the company’s exploring strategic options. Nor did STX Entertainment come up on an earnings call with analysts.

Lionsgate lost $45.6 million, or 20 cents per share, in its fiscal third quarter. The company posted revenues of $885.4 million, which was lighter than what analysts expected.During the three-month period ended Dec.

Gene Maddaus Senior Media WriterThe race for mayor of Los Angeles has hardly begun, but Karen Bass has already taken a commanding lead among Hollywood donors.Candidates filed their contribution reports on Monday, when showed that Bass has spent much of the last few months winning over the creative community.Donors to her campaign include stars like Jennifer Aniston, Jason Bateman, and Jennifer Garner. They include Hollywood’s most profligate political benefactors, like Jeffrey and Marilyn Katzenberg, J.J. Abrams and Katie McGrath, Alan and Cindy Horn, and Damon and Heidi Lindelof.

Lionsgate Studios Yonkers, the sprawling new complex on the Hudson River just outside NYC, formally opened three of its soundstages and 500,000 square feet of office and support space today, part of a one-million square foot project Deadline reported on last month.

Lionsgate said global streaming subscribers jumped 40% year-over-year in the September quarter to 18 million. Starzplay International subs nearly doubled to 7.5 million.

Former WarnerMedia executive Bob Greenblatt is launching a production company and has a first-look deal with Lionsgate.Jon Wu will serve as a producer and head of filmed content for Greenblatt’s company, The Green Door.

records.Feltheimer’s total compensation for 2021 includes a base salary of $1.5 million, bonuses of $10 million, stock awards of $700,002 and option awards of more than $6.7 million.According to the filing Lionsgate Vice Chair Michael Burns received $8.5 million in compensation for fiscal 2021 including a $1 million salary and $4 million in bonuses, up from $6.4 million in fiscal 2020 and $5.2 million total compensation in 2019.

Lionsgate CEO Jon Feltheimer saw his total compensation rise by 73% to $19.2 million for the company’s fiscal year ended in March on a bigger bonus and higher option awards.

Lionsgate CEO Jon Feltheimer said Thursday that two media merger deals in as many weeks are “resounding affirmation of the value of content, IP and brands,” but that the company wants to keep its head down and “not get distracted by this concept of scale.”

On April 1, Lionsgate shifted its streaming strategy, selling its 75 percent stake in Latinx-centric service Pantaya for $124 million to Hemisphere Media, a Miami-based publicly traded firm focused on Hispanic markets.

Just over a year ago, it looked like an open-and-shut case. In February 2020, Lionsgate CEO Jon Feltheimer said during a quarterly earnings call that the company was officially moving ahead on a sequel toKnivesOut, the surprise box office and critical smash whodunnit starring Daniel Craig and written and directed by Rian Johnson.

Lionsgate vice chairman Michael Burns has extended his long-term employment contract with the Hollywood studio through October 2023. Lionsgate in an SEC filing announced the new long-term deal, which comes ahead of the current contract expiring in October 2022.

Brent Lang Executive Editor of Film and MediaLionsgate has extended Michael Burns’ contract. The company’s vice-chairman’s new deal extends through 2023.

Lionsgate vice chairman Michael Burns has inked a new employment agreement extending the term of his current contract from October, 2022 to October, 2023.

Dave McNary Film ReporterThe top two Lionsgate executives have told shareholders that the media conglomerate is poised to thrive amid the post-pandemic environment.“We had a strong and successful year moving our company forward in fiscal 2020 despite the extraordinary challenges of the global pandemic, creating lasting and incremental value across our film, television and Starz businesses,” said chief executive officer Jon Feltheimer and vice chairman Michael Burns in their letter to

Lionsgate and CEO Jon Feltheimer has extended his long-term employment agreement, keeping him at the Hollywood studio potentially to August 2025. On Wednesday, Lionsgate in an SEC filing said his contract will now run to Aug.

Dave McNary Film ReporterLionsgate has extended the contract of longtime chief executive officer Jon Feltheimer three months, now expiring on Aug. 21, 2023, with options to push it into 2024 or 2025.Feltheimer has been CEO of the entertainment conglomerate since 2000, teaming with vice chairman Michael Burns during the subsequent two decades.

coronavirus has delayed many of the productions, so it might be a while before any of them hit the small and big screens. But here’s an exhaustive list of everything slated to make a comeback soon, whether we asked for it or not.Lionsgate CEO Jon Feltheimer called this sequel “one of the worst kept secrets in Hollywood,” after rumors first swirled in July.

Lionsgate boss Jon Feltheimer has confirmed “one of the worst kept secrets in Hollywood” – Jennifer Grey is starring in and executive producing a new Dirty Dancing movie.Jonathan Levine has been attached to oversee the film, which Feltheimer tells Deadline will be just like the 1987 original, which raked in almost $220 million at the global box office.“It will be exactly the kind of romantic, nostalgic movie that the franchise’s fans have been waiting for and that have made it the

John Wick series will have a fifth film which is set to be shot back-to-back with the franchise’s fourth instalment, it’s been confirmed.In an announcement on Thursday (August 6), Lionsgate confirmed the next two films in the Keanu Reeves franchise will begin production in early 2021.

Lionsgate is expanding two of its key franchises, with a fifth “John Wick” movie and “Dirty Dancing” reboot. Lionsgate CEO Jon Feltheimer revealed the moves on Thursday afternoon during the company’s conference call with Wall Street analysts following the studio’s release of quarterly earnings, which came in above estimates.

Jennifer Grey is set to star in a sequel to classic romantic drama Dirty Dancing, it has been announced.

A fifth instalment in the Keanu Reeves-starring John Wick franchise has been confirmed.

It’s time for Baby to come out from the corner.

Dave McNary Film ReporterLionsgate is expanding two of its key franchises, with a fifth “John Wick” movie and “Dirty Dancing” reboot.Lionsgate CEO Jon Feltheimer revealed the moves on Thursday afternoon during the company’s conference call with Wall Street analysts following the studio’s release of quarterly earnings, which came in above estimates.Lionsgate revealed in July that “Dirty Dancing” star Jennifer Grey was collaborating with the studio on an untitled dance movie in which she will

Dominic Patten Senior Editor, Legal & TV CriticComing off windfall global licensing sales of Mad Men last month, Lionsgate is now digging a little deeper into its library to bring Weeds to market later this year.“We’re readying our next big property Weeds for syndication in the fall,” Jon Feltheimer said Thursday after the company’s latest earnings report was released. Seeding the sales ground again, the CEO’s statement picks up on his own remarks last November.

Anthony D'Alessandro Editorial Director/Box Office EditorLionsgate CEO Jon Feltheimer confirmed what we first told you back in mid-July, in what he billed as “one of the worst kept secrets in Hollywood”: Jennifer Grey is starring and executive producing a new Dirty Dancing movie at the mini-major.The new addition here is that Warm Bodies director Jonathan Levine has become attached.