MPAA chairman Chris Dodd has extended his contract to 2018, the trade association announced on Friday.
His five-year contract was set to expire next year. He joined the MPAA on March 17, 2011.
The chiefs of Hollywood’s six major studios said in a statement: “We are pleased to announce that Chris has agreed to extend his contract into 2018. He has been an impactful leader and a vigorous champion for the industry. We are confident he will continue to effectively help steer our interests through a challenging media and policy landscape and represent our member companies around the globe.”
“I am grateful to our member companies for their continued support,” Dodd said. “This is an exciting time of almost unparalleled creativity and innovation in film and television, and I look forward to continuing to promote and protect that creativity, and the jobs of the men and women who go to work in this industry every day.”
There has been some speculation over Dodd’s plans after his five-year contract expired, particularly if Hillary Clinton, a longtime friend, is elected president. His tenure has been marked by the tumult of the Sony hack, but also has seen an expansion of the number of U.S. movies allowed into China under its quota system.
Dodd’s compensation was $3.3 million in 2013, the most recent IRS reporting year.
The MPAA has been studying plans for an overhaul, including adding new members. Such talks reportedly have been motivated by studio frustration at hefty annual membership dues, as well as concerns about changes in the marketplace.