Lionsgate CEO Jon Feltheimer's Pay Rises to $11M

RuPaul’s Drag Race star Chi Chi DeVayne asked fans to pray for her as she was readmitted to hospital after being diagnosed with pneumonia.The drag queen, who is best known for appearing on the eighth series of Drag Race and the show’s third All Stars season, was first hospitalised in July with suspected kidney failure.She was initially discharged days later, but in a video shared on social media this weekend told fans that she had been readmitted after her health took a turn for the worse.“Hey

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

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 star and executive produce.

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

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.

Anthony D'Alessandro Editorial Director/Box Office EditorKeanu Reeves is back in the back-to-back sequels game with John Wick 4 and 5 aiming to film consecutively next year.On today’s Lionsgate earnings call, the studio’s CEO John Feltheimer said, “We’re also busy preparing scripts for the next two installments of our John Wick action franchise, with John Wick 4 slated to hit theatres Memorial Day weekend 2022.  We hope to shoot both John Wick 4 & 5 back to back when Keanu becomes available

tracking the company via Yahoo Finance forecasted the media and entertainment company to report earnings of 2 cents per share, and reported revenue of $767.4 million.

Dave McNary Film ReporterLionsgate has reported earnings of $51.1 million, or 23 cents a share, on revenues of $813.7 million for its first fiscal quarter ended June 30 — numbers that were above Wall Street estimates — amid the COVID-19 pandemic.“We’re pleased to report a quarter with strong financial results in which all of our priorities were evident,” said Lionsgate CEO Jon Feltheimer.  “During the quarter we took steps to monetize our film and television library, embraced innovative

Nellie Andreeva Co-Editor-in-Chief, TVTop CAA agent Nick Khan, who was Co-Head of Television, is departing the agency to join client WWE as President & Chief Revenue Officer, reporting directly to WWE Chairman & CEO Vince McMahon.Khan fills the void left by the January exit of Co-Presidents George Barrios and Michelle Wilson who were ousted in January amid a rocky last year for the company.

Agnes Chu, who helped to lead the launch of Disney+, is leaving the company for a new role running Condé Nast Entertainment. As president of the publishing company's entertainment arm, she will oversee video content across digital, social and streaming platforms and will also lead efforts to adapt its IP into film and TV projects.

Peter White Television EditorDisney+ content chief Agnes Chu is leaving the Mouse House to head up Condé Nast Entertainment’s video push.Chu, who was SVP, content for the nascent streamer, is set to become president of the publishing company’s studio and distribution division.

Music Ally, Ek has made controversial new comments about artists’ public unhappiness with the money they receive from streaming, and how he believes they can create a “continuous engagement with their fans.”“It’s quite interesting that while the overall pie is growing, and more and more people can partake in that pie, we tend to focus on a very limited set of artists,” Ek said in the interview. “Even today on our marketplace, there’s literally millions and millions of artists.

Jill Goldsmith Co-Business EditorSiriusXM CEO Jim Meyer said the company’s in contract talks with star host Howard Stern, whose agreement expires at year end. He said he “knows what Howard wants” and is trying to make it work.“I don’t want to be overly optimistic, but I want Howard here.

You know who’s not having a terrible 2020? Lionsgate CEO Jon Feltheimer, who saw his overall compensation rise 67% from 2019 to $11.1 million.Feltheimer’s “raise” (of sorts, his salary remained the same) came from a healthy bonus plus stock awards.For fiscal 2020, like the past few years, Feltheimer’s salary was a flat $1.5 million.

Jill Goldsmith Co-Business EditorLionsgate CEO Jon Feltheimer’s total compensation for fiscal 2020 came in at $11.074 million, up sharply from $6.6 million the year before as his bonus nearly doubled and he received $1.5 million in stock awards, versus none the previous year.The pay package consisted of a $1.5 million base salary, a bonus of $6.3 million and stock and option awards of $1.5 million each.All other compensation, of $182,601, included $52,239 in club membership dues, $7,200 in

Jim Lanzone, the veteran tech executive who led CBS’ push into streaming video, has been named the new CEO of Tinder. He replaces Elie Seidman, who has led the Match Group-owned business since 2017.

Jill Goldsmith Co-Business EditorMatch Group has named former CBS Interactive chief Jim Lanzone CEO of its flagship dating app Tinder starting August 3, reporting to parent Match Group chief executive Shar Dubey.Lanzone joins Tinder from investment firm Benchmark Capital where he served as an executive-in-residence. Until 2019, he was chief digital officer of CBS Corp.