×
You will be redirected back to your article in seconds

Lionsgate CEO Jon Feltheimer Sees Compensation Fall 59% to $14.4 Million

Lionsgate chief executive office Jon Feltheimer received $14.4 million in compensation for the fiscal year ended March 31, down 59% from the $35.3 million from the previous year.

The figure was disclosed Friday as part of the company’s proxy statement filed with the Securities and Exchange Commission for its annual meeting on Sept. 11 in Toronto.

Feltheimer’s package includes $1.5 million salary, $3 million in bonuses, $2.7 million in option awards, $7 million in non-equity incentives, and $175,884 in other compensation — including $33,515 in club membership dues and $132,416 in incremental costs for the personal use of the company-leased aircraft.

The previous year’s compensation includes the front-loading of his stock options, worth $16.3 million, that were part of 2016’s five-year extension of Feltheimer’s contract through May 22, 2023. The extension was announced two months before Lionsgate’s $4.4 billion acquisition of premium cabler Starz closed.

The proxy also disclosed that vice chairman Michael Burns made $8.97 million during the fiscal year, declining about 70% from the $26.9 million in the previous year, which included $12.2 million in option awards. Two weeks after the Feltheimer extension, the company gave Burns a five-year contract renewal that extended his deal into 2022.

Feltheimer, 66, and Burns, 58, have run Lionsgate for the past 18 years, far longer than any other duo at an entertainment company.

The Starz acquisition has been touted by Feltheimer as doubling Lionsgate’s scale — giving the combined entity more leverage to compete with corporate behemoths such as Disney and improving its ability to exploit fast-growing digital media platforms. In May, Lionsgate took a controlling stake in management-production powerhouse 3 Arts Entertainment, a deal that reflects the entertainment industry’s push to marry premium content providers with global distribution assets.

Popular on Variety

More Film

  • Alexander Skarsgard in the front rowGiorgio

    Film News Roundup: Alexander Skarsgard Joins 'Passing' With Tessa Thompson

    In today’s film news roundup, Taryn Manning, Shane West and Alexander Skarsgård have new roles, and Warner Bros. unveils a modernized logo. CASTINGS Alexander Skarsgård has signed on to join Tessa Thompson, Ruth Negga and André Holland in “Passing.” The film marks Rebecca Hall’s directorial debut and is based on a screenplay that Hall adapted [...]

  • Spike Lee

    Spike Lee to Direct Hip-Hop Love Story 'Prince of Cats'

    Spike Lee will direct a big-screen version of the hip-hop love story “Prince of Cats,” based on Ron Wimberly’s graphic novel. Legendary has been developing the project with Janet and Kate Zucker of Zucker Productions. Lee, who won the Academy Award for adapted screenplay for “BlacKkKlansman,” will also re-write the “Prince of Cats” script with [...]

  • DOLEMITE IS MY NAME!, 2019, DOL_Unit_06284.RAF

    'Dolemite Is My Name' Writer Larry Karaszewski Recalls 10-Year Journey to Make Rudy Ray Moore Biopic

    “Harriet” writer-director Kasi Lemmons was in a reflective mood at Tuesday night’s “Behind the Scene” event at the Formosa Cafe in West Hollywood, sponsored by the Writers Guild of America West. The biopic, starring Cynthia Erivo as slave-turned-abolitionist Harriet Tubman, has been receiving buzz since its premiere at the Toronto International Film Festival. It’s Lemmons’ [...]

  • Writers vs Agents Packaging War WGA

    Abrams Artists Agency Signs Writers Guild Deal

    In a major triumph for the Writers Guild of America, the Abrams Artists Agency has signed the WGA’s Code of Conduct, allowing the agency to return to representing WGA members again. Chairman Adam Bold made the announcement Wednesday, saying that the agency wants to put its clients back to work. He also noted WGA West [...]

  • Taika Waititi and Roman Griffin Davis

    Holocaust Experts Debate 'Jojo Rabbit' at Museum of Tolerance Screening

    With its comedic, cartoonish portrayal of Nazis, Taika Waititi’s satirical Hitler youth tale “Jojo Rabbit” has polarized critics and audiences alike. And that division continued to be stirred at Tuesday night’s screening of the film at the Museum of Tolerance in Los Angeles, where Liebe Geft, director of the museum, moderated a heated panel discussion [...]

More From Our Brands

Access exclusive content