×
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.

More Film

  • Unicorn Store Trailer

    Watch the First Trailer for Brie Larson's Directorial Debut, 'Unicorn Store'

    Brie Larson is seeking salvation from Samuel L. Jackson in Neflix’s first trailer for her directorial debut, the offbeat comedy-drama “Unicorn Store.” Larson is portraying a lonely 20-something dreamer who’s been kicked out of art school. She’s forced to move back home with her parents and take a temp job at a PR agency. But [...]

  • Patti Rockenwagner

    Chief Brand Officer Patti Röckenwagner Leaves STX Entertainment (EXCLUSIVE)

    Patti Röckenwagner is leaving STX Entertainment where she has served as the company’s chief brand officer. She announced her departure in a memo to staff, in which she said she was departing for “another opportunity.” The exit is an amicable one. Röckenwagner joined STX in 2016 as its chief communications officer before being promoted to [...]

  • Gabrielle Union

    10 Things We Learned at Variety’s 2019 Entertainment Marketing Summit

    Variety’s 2019 Entertainment Marketing Summit, which brought top execs to Hollywood’s NeueHouse on Thursday, covered considerable ground. From cutting through the noise in an oversaturated media landscape to welcoming exciting technology like virtual reality, industry veterans offered insight into what to expect from the marketing world in coming years. Here are 10 things we learned [...]

  • Orange Studio, OCS Join Forces On

    Orange Studio, OCS Join Forces on Flurry of High-Profile Series

    Following “The Name of the Rose”(pictured) and “Devils,” France’s Orange has unveiled four internationally-driven series projects as part of its commitment to step into premium original shows with its film/TV division Orange Studio and pay TV group OCS both of board. Currently in development, the social western “Cheyenne & Lola,” the dance-filled workplace drama “The [...]

  • 'This Isn’t Spinal Tap': Dishing the

    'This Isn't Spinal Tap': Dishing the Dirt on Motley Crue's Surprisingly Dark Biopic

    The new, eagerly awaited Motley Crue biopic, based on Neil Strauss’ best-selling 2001 book, “The Dirt: Confessions of the World’s Most Notorious Rock Band,” premieres today on Netflix after a seemingly endless 13 years in development hell. Those anticipating “a fun ‘80s music movie,” as Crue bassist Nikki Sixx puts it, will inevitably be stunned [...]

  • Doppelgänger Red (Lupita Nyong'o) and Adelaide

    Box Office: Jordan Peele's 'Us' Nabs $7.4 Million on Thursday Night

    Jordan Peele’s horror-thriller “Us” opened huge with $7.4 million on Thursday night in North America. The figure easily topped Thursday preview numbers for “The Nun” at $5.4 million and “A Quiet Place” at $4.3 million and nearly matched “Halloween” at $7.7 million. Projections for Universal’s “Us,” Peele’s much-anticipated follow-up to 2017’s “Get Out,” have been in [...]

  • Beatriz Bodegas on Netflix Original: ‘Who

    ‘Who Would You Take to a Desert Island?’ Producer on New Spanish Netflix Original

    BARCELONA – “Who Would You Take to a Desert Island?” is the second directorial outing from Spain’s Jota Linares (“Animales sin collar”) a Netflix Original premiering on Friday, March 22 in competition at the Malaga Spanish Language Film Festival. Starring María Pedraza, Jaime Lorente, Pol Monen and Andrea Ros, the film is the movie adaptation [...]

More From Our Brands

Access exclusive content