×
You will be redirected back to your article in seconds

Lionsgate’s Top Executives See Soaring Compensation

'Hunger Games,' 'Twilight' fuel stock price rise

With “The Hunger Games” and “Twilight” fueling Lionsgate’s profits and stock price, the studio has rewarded its top execs with sharply increased pay.

Lionsgate paid $28.2 million to vice chairman Michael Burns and another $12.6 million to CEO Jon Feltheimer during its fiscal year ended March 31.

Lionsgate made the executive compensation disclosures Monday as part of its proxy statement to shareholders, officially  setting its annual meeting for Sept. 10 in Toronto, via a Schedule 14A filing with the SEC.  The proxy officially set Lionsgate’s  annual meeting for Sept. 10 in Toronto during the Toronto Intl. Film Festival.

During this past fiscal year, Lionsgate established “The Hunger Games” as a franchise with $690 million in worldwide box office, released the final “Twilight film” and saw its stock price rise 70%. “The Hunger Games: Chasing Fire” opens Nov. 22.

Shares have more than quadrupled in value in less than two years. Lionsgate cashed out Carl Icahn for his 33% stake at $7 a share in August, 2011; shares closed Monday at $32.25, down 48 cents.

Burns was paid five times his fiscal 2012 salary. Nearly half of the $28.2 million came in the form of stock options made over the next four years, along with $7.9 million in stock awards, a $4 million bonus, $1.3 million in incentive plan compensation and $970,962 in base compensation.

Popular on Variety

Feltheimer nearly doubled his salary in 2013 with a $6 million bonus, $3.6 million in stock awards, $1.5 million in incentive  plan compensation and a $1.26 million base compensation.

The compensation committee said in the proxy that the execs had positioned the company to further expand internationally, improve margins, and reduce cost of capital.

“In light of this particularly strong performance, the Compensation Committee determined that it was appropriate to award incentives to these executives for fiscal 2013 above the 25th to 50th percentile relative to the peer group normally targeted by the company,” the committee added.

The proxy also disclosed that Wayne Levin, general counsel and chief strategic officer, saw his compensation more than double to $4.7 million from $1.83 million. That included $1.9 million in stock awards and $1.26 million in option awards.

CFO James Keegan saw compensation decline to $1.02 million from $1.6 million.

More Film

  • "Jojo Rabbit" and "Schitts Creek" Win

    'Jojo Rabbit,' 'Masked Singer' and 'Maleficent' Win Top Honors at Costume Designers Guild Awards

    The Costume Designers Guild handed out its trophies for the 22nd annual CDG Awards with “Jojo Rabbit” and “Maleficent: Mistress of Evil” receiving top honors among the costumers. In the TV category, the hit “The Masked Singer” and designer Marina Toybina beat out reigning designer Zaldy (“RuPaul’s Drag Race”) for excellence in variety, reality-competition, live [...]

  • Weathering With You

    Japan Box Office Leaps to $2.4 Billion Record in 2019

    The Japanese box office leaped by 17% in 2019 to set a record $2.4 billion score, according to figures announced Tuesday by the Motion Picture Producers Association of Japan, locally known as Eirin. The previous high was the $2.2 billion recorded in 2016. The Makoto Shinkai animation “Weathering with You” was the highest earning film [...]

  • Lionsgate Developing 'Memetic' Apocalyptic Horror Movie

    Film News Roundup: Lionsgate Developing 'Memetic' Apocalyptic Horror Movie

    In today’s film news roundup, Lionsgate is developing graphic novel “Memetic” as a feature, the latest Laura Ziskin Prize is announced and Firelight Media creates a fund for nonfiction filmmakers of color at the mid-career mark. PROJECT LAUNCHES Lionsgate is in final negotiations for motion picture rights to the apocalyptic horror graphic novel “Memetic” for [...]

  • Sylvie's Love Review

    'Sylvie's Love': Film Review

    Sultry music swells as the camera swoons over a young couple in a tender nighttime embrace. The 1950s residential New York City street is carefully rain-slicked and lined with shiny classic cars: an obvious stage set. Gene Kelly might just have swung on that lamppost; Doris Day might lean out of an upstairs window to sigh [...]

  • Martin Scorsese Irishman BTS

    Martin Scorsese's Body of Work Extends Far Beyond Male-Centric Mafia Movies

    Actors sometimes complain about being typecast, but it’s a fact of life for anyone in entertainment. John Ford is usually labeled a director of Westerns, despite “The Grapes of Wrath” and  “Mister Roberts.” David Lean is known for his epics, but he also directed “Brief Encounter” and “Summertime.” Vincente Minnelli? The director of musicals, overlooking [...]

  • Oscars Oscar Academy Awards Placeholder

    Will Oscar Campaigning Turn to Mudslinging?

    On March 5, 1963, Army Archerd wrote in Variety: “There’s been a not-so-subtle campaign pyramiding since Oscar nominations that Omar Sharif is an ex-Egyptian soldier who fought in the Israeli War. Forget it: Omar sez: ‘I never fought in any army.’” Archerd also denied the rumor that Sharif was Muslim. Two big takeaways: 1. Mudslinging [...]

  • Blake Lively

    Why Blake Lively Isn't Trying to Be the 'Female James Bond' in 'The Rhythm Section'

    “The Rhythm Section,” Reed Morano’s new espionage thriller about a female assassin who sets out to avenge her family’s untimely death, is not a female-led approximation of a “James Bond” film. Though Barbara Broccoli, the magnate producer whose family has been solely responsible for the franchise, is producing the movie, “The Rhythm Section” is decidedly not [...]

More From Our Brands

Access exclusive content