Kevin Beggs is sticking around Lionsgate.
Kevin Beggs is sticking around Lionsgate.
Joe Otterson TV Reporter Lionsgate Television Group chairman and chief content integration officer Kevin Beggs has signed a multi-year renewal of his contract. “Kevin and his team have done a great job in building Lionsgate Television into a world-class supplier of valuable premium content to buyers throughout the ecosystem,” said Lionsgate CEO Jon Feltheimer. “Kevin is a trusted partner whose entrepreneurial, innovative and collaborative approach reflects our culture at its best. Under his leadership, our television business is positioned to continue growing its profitability and strengthening its respected brand.” Under Beggs, Lionsgate’s current roster of scripted series include three broadcast TV shows — “Home Economics” at ABC, “Welcome to Flatch” at Fox, and the breakout hit “Ghosts” at CBS. The studio also picked up a series order at NBC recently for an untitled multi-cam from Mike O’Malley with Jon Cryer starring.
Kate Aurthur editorLionsgate CEO Jon Feltheimer — in his regular weekly letter to the staff — has vowed that the company will prioritize and protect the reproductive rights of its employees.In the letter, which was obtained by Variety, Feltheimer noted that Lionsgate already has strong protections in place “to safeguard employees from discrimination, harassment, bullying and invasion of privacy,” and wrote that after the Supreme Court’s Dobbs decision in June, which overturned Roe v. Wade, “it has become necessary to develop strong policies and add to our comprehensive benefits to protect our employees’ reproductive rights as well.” Feltheimer’s letter is copied in full below.The Lionsgate show “P-Valley,” which airs on Starz, is filmed in Georgia, where abortion is forbidden as soon as a fetal heartbeat is detected.
Brent Lang Executive Editor of Film and MediaSubscriber growth at Starz lifted shares of Lionsgate in after-hours trading, giving investors optimism that the media company will be able to demand top dollar when it finalizes plans to sell off its cable and streaming arm. Streaming subscribers jumped to 26.3 million worldwide, a 57% year-over-year increase.On an earnings call, Lionsgate CEO Jon Feltheimer said that potential buyers are also interested in the company’s film studio, suggesting that Amazon’s $8.5 billion purchase of Metro-Goldwyn-Mayer had made Lionsgate a more attractive target.“Our library is newer, fresher than the MGM library,” Feltheimer said.His remarks came as Lionsgate saw a dip in revenue for the most recent fiscal quarter, dropping from $901.2 million to $893.9 million.
EXCLUSIVE: Lionsgate has hired public relations executive Laurel Pecchia as their VP, Corporate Communications, reporting to EVP, Corporate Communications Peter Wilkes.
Lionsgate Chairman Kevin Beggs has said the studio is “working on a variety of projects” with 42, ramping up international productions and has put recent successes down to there being “a little more room at the broadcasters.” Beggs also defended Netflix following a period of lower-than-expected growth for the streamer but said it may need to be “more judicious and disciplined” going forwards.
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.
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
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