Lionsgate CEO Jon Feltheimer, to whom they both report, made the announcement Thursday and noted that the renewals reflect the studio’s commitment to retaining its executive team, much of which has been with Lionsgate and its predecessor companies for over a decade.
Each executive will receive an annual base salary of $900,000 for the four-year term of the agreement, according to Liosngate’s 8K filing with the Securities and Exchange Commission.
“The stability of Lionsgate’s management gives us an important advantage in the highly competitive media environment where our team’s ability to move quickly and nimbly has benefited us tremendously,” said Feltheimer. “As we focus on a balance between organic growth and creating and executing on strategic opportunities, both Wayne and Brian have made exceptional contributions to the direction and operation of our business.”
Lionsgate is under heavy Wall Street scrutiny as cable titan John Malone has tripled his investment recently through contributions by Discovery Communications and Liberty Global. Malone’s endorsement comes at a critical time for Lionsgate, which is preparing for the end of “The Hunger Games”: the final film in the lucrative series, “Mockingjay – Part 2,” debuts Friday.
Levin played an instrumental role in the deals with Liberty Global and Discovery Communications as well as its recent investment in reality TV programmer Pilgrim Studios and financing-production agreement with Hunan TV and Broadcast Intermediary. His dealmaking has included the acquisitions and subsequent integrations of Artisan Entertainment in 2003, Lionsgate U.K. (formerly Redbus Holdings) in 2005, Debmar-Mercury in 2006, Mandate Pictures in 2007, TVGN in 2009 and Summit Entertainment in 2012.
Goldsmith is also active in negotiating corporate development including the Liberty Global and Discovery deals. He also directs investments in ten branded channels around the world as well as digital initiatives and worked closely with Lionsgate vice chairman Michael Burns on Lionsgate’s capital structure and corporate financings.
Goldsmith has also played a significant role in overseeing Lionsgate’s partnerships with Viacom and MGM in the Epix channel and the launch of Celestial Tiger Entertainment in Asia with partners Saban Capital Group and Astro’s Celestial Pictures. He additionally helped develop Lionsgate’s content partnerships in China with the Alibaba Group and Hunan.