Lionsgate is moving forward with its plans to separate the studio business from Starz, submitting a draft registration of the proposed spinoff — of the studio — with SEC.
Lionsgate is moving forward with its plans to separate the studio business from Starz, submitting a draft registration of the proposed spinoff — of the studio — with SEC.
Lionsgate CEO Jon Feltheimer recently picked up shares of the company on the open market and vice chair Michael Burns said today he thinks the purchase was spurred by a visit the set of the upcoming Michael Jackson biopic.
Michaela Zee Lionsgate is expanding the “Twilight” franchise with a new animated series, Variety has confirmed. Michael Burns, vice chairman of Lionsgate, shared the news during a Q&A at the Morgan Stanley media conference on Tuesday, revealing, “We’re going to go out with the ‘Twilight’ series, an animated series, I think there’ll be a lot of interest in that.” Last April, Variety reported that a “Twilight” TV series adaptation was in very early development at Lionsgate Television.
Lionsgate Vice Chair Michael Burns said the company is set to split in two by year end with a first step in early April as the studio merges with a SPAC and starts to trade separately from Starz on the Nasdaq under the stock symbol LION.
Lionsgate is expanding two of its biggest movie franchises, John Wick and Twilight, with new TV series offshoots. The company’s Vice Chairman Michael Burns shared information about the two projects during a Q&A at the Morgan Stanley media conference.
Lionsgate CEO Jon Feltheimer‘s compensation rebounded to prior levels in fiscal 2023, reaching $21.5 million.
Speculation is intensifying that Lionsgate is getting closer to a deal to acquire the Hasbro-owned Entertainment One.
EXCLUSIVE: Lionsgate has established pole position to acquire the Hasbro-owned Entertainment One, sources tell Deadline.
As it gets set to reveal plans for the likely separation of Starz and the Lionsgate movie and TV studio, Lionsgate has re-upped two key members of its management team: Vice Chairman Michael Burns and COO Brian Goldsmith.
Lionsgate this week has started the formalities around spinning off its studio from Starz and anticipates filing the deal with the SEC in March, and completing the separation of the businesses by the end of its fiscal second quarter next September, vice chair Michael Burns said today, officially resetting the timeline for a deal Wall Street’s been anticipating for the better part of a year.
Lionsgate has partnered with Tiicker, a pioneering platform for cultivating shareholder loyalty, to offer retail investors discounts and gifts around the studio’s film and TV brands. The goal is to turn individual fans of its franchises into stockholders.
“I do think the studies will get paid, like they usually do, whatever they are owed. Because we are the suppliers and that’s usually what happens,” Lionsgate vice chair Michael Burns said Wednesday of the Chapter 11 filing earlier in the day by Regal Cinemas’ parent Cineworld.
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 Vice Chairman Michael Burns hinted at a potential deal — nothing specific- — as media M&A heats up with the indie studio a prime target. Wall Streeters have called it both desirable and easily digestible in terms of cost for a bigger player.
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 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.
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 ReporterLionsgate and Starz are ready to ramp up production in the wake of the coronavirus pandemic.“This is going to be a sellers’ market for some time to come because a lot of new content has not been made,” said Lionsgate vice chairman Michael Burns on Wednesday at the Goldman Sachs Communacopia Conference. “We’re ramping up very, very quickly.”“As long as we can shoot product safely, we are going to shoot as much good product as possible,” Burns added.
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
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.
A COATBRIDGE man was warned he was “very close to a custodial sentence” after he admitted acting aggressively.
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