As President and later chairman and chief executive officer of Yorkton Securities in the 1990s, he grew the firm into a leading natural resource investment bank. 69% of the management team is White. Clyburn is the director of Lionsgate. Lionsgate Grows Streaming Subscribers to 19.7M - The Hollywood Reporter He served as a Director of Lions Gate Films Corp. Feltheimer served as a Director of CinemaNow Corporation. Either way, I'll say again that this is a speculative bet. So you have got the obvious buyers for LGF often mentioned in articles: They further pointed out that a deal to buy ViacomCBS would face regulatory problems because both own broadcast networks (CBS and NBC). He served as Chief Executive Officer of Lions Gate Films Corp. For those who look at Lions Gate on a longer-term time horizon, it could be considered a buy on pullbacks. That's what we think we're doing with Starz. The movie-side of the equation will come into play as business at theaters increases over time in the post-vaccinated world. All Rights Reserved. All Rights Reserved. If we wanted to be in niche services, obviously, we wouldn't have sold Pantaya.". He helped establish a world-class data-focused marketing team that pushed John Wick from a successful sequel into a global franchise; he also brought the studio back to the Oscars with Bombshell and Knives Out and delivered us to the top of the box office repeatedly in 2019. I asked for his leadership through the reimagining process and until we were back in theaters, and he agreed. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. This biographical article related to cinema of the United States is a stub. Lions Gate - Overview, News & Competitors | ZoomInfo.com EdgeCast is a digital media delivery platform that allows companies to deliver online content to users. Feltheimers 2022 compensation included an unchanged $1.5 million base salary, but his bonus tumbled to $2.8 million, against a year-earlier $10 million bonus for 2021. [10][11], Although oil had been discovered there in 1982, when the original company, Pacific Rubiales, was established, production began in 1988. The film grossed $35 million worldwide, and given current conditions, it probably would have made more sense to get it on the streamer in the summer. In 2020, Giustra was named co-chair of the International Crisis Group. Certainly the very right side of the chart has to be related to D-Max and Amazon/MGM. Sold some on the recent highs. His indication that he wants to increase investment in content doesn't necessarily mean he wants to increase the commercial viability of said content. In those discussions last year and again more recently with Joe, we talked about the value of all the many honest conversations we have had on our journey. One can look at it that way. By Jill Goldsmith. Starz CEO Jeff Hirsch On Lionsgate, Summit Output Deal, OTT - Deadline He serves as Chief. How Lionsgate Went From Lightweight to Titan in 20 Years San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. Mr. Giustra is president and CEO of the Fiore Group, a private firm managing a broad portfolio of private equity investments and companies, focussing on natural resources, entertainment, art, food and lifestyle. My guess Dr.Malone is executing his plan he had back in 2013: Lina Khan was named the chair of the FTC after her appointment last week and she is known as a sharp critic of Big Tech.As a Yale student in 2017, her Yale Law Review article "Amazon's Antitrust Paradox" argued for a new framework to evaluate competitive harm in antitrust, not on consumer welfare alone but also on predatory pricing and the dangers of a company both owning and selling on a marketplace.The FTC negotiated with the Justice Department to review this deal given its already-wide-ranging antitrust review of Amazon, the Journal reports, citing people familiar with the situation.MGM is a smaller studio, whose purchase may not have raised red flags under normal circumstances, the paper says. Team Members. The company reported quarterly numbers that show it continues to hold up during the pandemic. We want to hear from you! We could be entering a shakeout phase where the big streamers are so ahead of the pack that management teams on the smaller ones simply want to search for strategic exit plans as opposed to strategic content plans (obviously, D-Max is setting the tone of the current digital climate). Find out more about how we use your personal data in our privacy policy and cookie policy. [4] In 2019, Leagold Mining was sold to Equinox Gold Corporation. And, management expects to generate ~$3b in synergies and cost savings measures by combining the two companies' media segments, We dont think 30 million subscribers is a niche service, he said, adding that the goal is to make Starz a market leader in premium content.. Would you believe Lions Gate's Feltheimer was actually thinking about asking ViacomCBS CEO Robert Bakish to allow him to take Showtime off his company's corporate hands? He served as the Co-Chairman of Lions Gate Entertainment Corp. from June 30, 2005 to February 2, 2012 and has been its Non-Independent Director since January 2000. Amir Hamja for The New. For example, a recent press release indicates that the latest chapter in the Saw franchise, Spiral, which was released in late spring, will be ported to Starz this coming October. Both will prove to be playing the long game better than most. Comic-Con 2023 Film & TV Panel Schedule: Teenage Mutant Ninja Turtles, John Wick The Continental, Jamie Lee Curtis, DCs Jim Lee & More In Pared Down Fanboy Confab, How To Watch The July 4th Fireworks Online & On TV, Bowen Yang Taking Break From His Las Culturistas Podcast Amid Bad Bouts Of Depersonalization, Lionsgate Restructures Motion Picture Group Under Joe Drake; Jen Hollingsworth, Ron Schwartz, Damon Wolf To Lead New Divisions, 'Home Economics': ABC Extends Cast Options On Comedy Series That Remains On The Bubble. Lionsgate CEO Jon Feltheimer said Thursday that two . He does concede after this statement that he is willing to entertain offers, but that just makes me think that perhaps it is becoming more difficult for the company to finally meet its corporate destiny. According to the 8-K filing, The Board has determined that Mr. Sloan qualifies as an independent director of the Company under the New York Stock Exchange listing standards. Once that happens, you can bet that the titans of Tinseltown will be counting on a new player and a new wave of content spending to enter the arena. Even without the buyout I see limited risk at $15 range. He worked for Sony Pictures Entertainment from 1991 to 1999. The company reported quarterly numbers that show it continues to hold up during the pandemic. Lionsgate CEO Jon Feltheimers Pay Rises to $19M, Lionsgate Grows Streaming Subscribers to 14.6M, Lionsgate Swings to Quarterly Profit Amid Pandemic, Lionsgate Chairman Buys More Stock in Studio, Lionsgate Grows Starz Subscribers to 26.2 Million, Lionsgate Faces Wall Street Skepticism as It Bets on Starz, Starz to Launch Streaming App in 20 Countries Next Year, Lionsgate Posts Second-Quarter Profit as Starz Adds 1.2M U.S. To the colleagues I served alongside proudly to this MPG, I will watch with glee what you do next. Lionsgate is an entertainment studio that develops, publishes, licenses and distributes film, music, animation and comic books. I am/we are long AMZN, DIS, LGF.A, LGF.B, NFLX, T, VIAC. He goes on, though: I think the thing that we don't want to get distracted by, frankly, is this concept of scale, and because we think our job is actually just to create for our shareholders outsized value. Great Point Studios Officially Opens Lionsgate Studios Yonkers It just so happens that this week marks one year from when we all were sent home for just two weeks two weeks that we are still counting. [citation needed]. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. "[9], According to a 2007 article in The Globe and Mail, in that year Pacific Rubiales Energy Corp purchased a controlling share in the Rubiales oil fields for $250 million. In this little corner of our movie business, Ive served in every role from agency receptionist to owning one of my own agencies to heading up two studios marketing divisions, with many roles in between. Both Wolf and Drake said the decision came after conversations over the past year. I've owned this one for a long time and am on record as saying that I want to see the company to its ultimate conclusion, which I believe will be a consolidation event. None of the information on this page has been provided or approved by Lionsgate. [7] According to Bloomberg News, Wheaton River Minerals was the precursor for both Goldcorp and Endeavour. In June 2007, when Giustra stepped down as chairman of Endeavour Financial "to pursue his philanthropic interests", he became Endeavour's exclusive financial adviser. Lionsgate acquired Starz in 2016 for $4.4 billion and has grown its content expenditures for the platform to retain subscribers and ensure a 52-week pipeline of new releases. By 2017, Giustra was chairman of Leagold Mining which acquired the Los Filos deposit in Guerrero state, Mexico, a deposit that Giustra says, is twice the size of the Wheaton River Mineral's assets. Sloan is replacing Discovery CEO David Zaslav, who stepped down from the board back in May, afterit was announcedhell take over a new company formed from a merger with WarnerMedia. Learn about their Non-Profit & Charitable Organizations, Organizations market share, competitors, and Lionsgate Disaster Relief's email format. Lions Gate is firmly on the consolidation radar. I have no business relationship with any company whose stock is mentioned in this article. Lions Gate Entertainment: Where It Stands After Recent Media Mr. Sloan has not yet been appointed to serve as a member of any Board committee.. Angel, Fund of Funds, Venture Capital), This describes the stage of investor this person is (e.g. Barge serves as a Senior Vice President, Principal Accounting Officer and Controller of American Television and Communications Corporation. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Mr. He was named to the Board of Directors of Grupo Televisa in 2016 and Washington Universitys Board of Trustees earlier this year. In that capacity he oversaw the November 2007 merger between Petro Rubiales and Pacific Stratus, creating Petro Rubiales Energy Corporation. Barge served as the Chief Financial Officer and Executive Vice President of Viacom, Inc., since October 1, 2010 until November 2012 and served as its Executive Vice President of Tax & Treasury since January 22, 2008. CP Entertainment | Wednesday, June 07, 2023 'The Chosen' looking to reach 'billions' of people with Lionsgate: series president By Jeannie Ortega Law, Christian Post Reporter Episodes of "The Chosen" have been watched over 150 million times and translated into over 50 languages. Just as Disney and others have sought to modify window lengths, Lions Gate could bring product from theatrical to streaming on a faster basis. SANTA MONICA, Calif., April 15, 2021 /PRNewswire/ -- Acclaimed Emmy and NAACP award-winning producer Craig Piligian has signed a new long-term agreement with global content leader Lionsgate (NYSE: LGF.A, LGF.B), expanding his purview to become President of Lionsgate's nonfiction television business while continuing as CEO of Pilgrim Media Group. Previously, Lionsgate CEO Jon Feltheimer told investors the company planned to spin off Starz by the end of the summer. LionsGate Entertainment Company Profile | Management and - Datanyze Lionsgate CEO Jon Feltheimer revealed details during an investor call on Thursday, May 26, about the companys plans to spin off its Starz streaming unit by the end of the summer. By subscribing, I agree to the Terms of Use and Privacy Policy. Lionsgate Extends CEO Jon Feltheimer's Contract to 2025 Over the last year, Damon and I had conversations where he expressed the time had come for him to take on a new chapter in his life. I have no business relationship with any company whose stock is mentioned in this article. He has been named one of Americas Most Inspiring CEOs by Esquire Magazine, and was the recipient of the Simon Wiesenthal Centers 2016 Humanitarian of the Year Award. Lionsgate is 52% female and 48% male company-wide. 16 Great Point Studios, which is creating the $500 million Lionsgate Studios Yonkers, claims the campus, once completed, will surpass anything New York City has to offer. 2023 The Hollywood Reporter, LLC. Lionsgate. [18], In 2007, Giustra and President Bill Clinton launched the Clinton Giustra Enterprise Partnership, which in 2020 transitioned into a new independent entity named Acceso. Giustra is a major shareholder of Thunderbird Entertainment, a pure play content production studio creating original programming in scripted, factual and animation that includes Atomic Cartoons and Great Pacific Television. That's a solid gain, but for the entire fiscal year, profit was mostly flat in that segment - $290 million versus $293 million. Sloan is replacing Discovery CEO David Zaslav. Another potential suitor is Canal+, a division of French conglomerate Vivendi. Combined, the two companies will hold the $1 spot in the TV studio game in terms of revenue and volume. Lionsgate has extended CEO Jon Feltheimer 's contract for another year, through August 21, 2025. Barge is a Member of the AICPA and the Georgia Society of Certified Public Accountant's and graduated summa cum laude from the University of Georgia in 1978 with a Bachelor's degree in Business Administration. Barges re-upping at the Hollywood studio follows big swings by Lionsgate for the premium cable channel Starz and taking a majority stake in talent management firm 3 Arts Entertainment amid continuing industry consolidation. Bigger-picture as in bigger-scale, naturally. While Starz has strong content, the new company will certainly require support from other partners to succeed. Total global Starz subscribers stands at 29.5 million versus 23.9 million a year ago. Even though most of the focus from investors surely has to be on when Lions Gate gets removed from the public markets (or when it is merged into some other company which is then spun off to shareholders, or when a SPAC comes along and absorbs it, or whatever the case ultimately turns out to be), the company continues to plow ahead with content and distribution. Then again, why wouldn't he just combine the two if he felt that Showtime's legacy linear characteristics were becoming obsolete? He served as President of Columbia TriStar Television from 1993 to 1995, President of Columbia TriStar Television Group from 1995 to 1999 and Executive Vice President of Sony Pictures Entertainment from 1997 to 1999. I have previously written articles for The Motley Fool, TheStreet, and AOLs BloggingStocks.I also write fiction. And while Comcast could buy Viacoms Paramount studio and/or its cable networks, many analysts arent sure how far that deal would move the needle for either company, NBCUniversal (CMCSA-0.6%) has begun talking about a subscription streaming serviceseparate from its large-scale Peacock effort, Business Insider reports.NBCU CEO Jeff Shell has held conversations recently about the new service, which would carry Universal branding.That new offering would look to build more global traction considering the Peacock brand means little to worldwide viewers, according to the report. In December 2020, Wolf was tapped as one of leaders of Drakes revamped film divisions alignment into four key verticals: Marketing, Distribution, Strategy and Innovation, and Content. authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. mobile-reuters-com.cdn.ampproject.org/ www-bloombergquint-com.cdn.ampproject.org/ www-hollywoodreporter-com.cdn.ampproject.org/ Lions Gate is firmly on the consolidation radar. Carlos Slim Hel, the Mexican businessman and one of the richest men in the world, made a matching contribution. December 11, 2017 at 4:00 PM. Earth Mama Director Savanah Leaf Says Getting Her Film Made Was Harder Than Making it to the Olympics, Michael Bisping Joins Gerard Butler in Den of Thieves 2 (Exclusive), Linh Tran, Slamdance 2023 Winner, Signs With Rain (Exclusive), Silvio Berlusconi Hands Media Empire Control to Oldest Children, Lionsgate CEO Talks Studio "Transformation," Courting Wall Street, Bill Immerman, Veteran Film Executive, Dies at 85, Writers Guild East Pickets Canceled Friday Amid High Heat Index, Elon Musks Firing Spree Comes Back to Haunt Twitter, Hello, Chief Content Officer. Signup for Breaking News Alerts & Newsletters. When people refer to us like this morning in one of those M&A articles as having a niche service. [5] Giustra had recently retired as CEO from Yorkton, an investment bank, and Paterson was then president. And I think that's the key thing that we're going to do is keep our head down, and just keep executing on our plan.". Damon Wolf, the head of Lionsgate Motion Picture Group worldwide marketing, is exiting his role. By Etan Vlessing May 12, 2023 10:00am Nathan Kahane and Joe Drake Jon Kopaloff/Getty Images for Lionsgate Lionsgate 's motion picture group has finished another restructuring under chairman Joe. West Coast Public Companies With More Than $1M in Revenue, California Public Companies With Less Than $1B in Revenue, Greater Los Angeles Area Companies With More Than 50 Employees (Top 10K), Publishing Companies With More Than $1M in Revenue (Top 10K), Publishing Companies With More Than 50 Employees, Publishing Companies With Fewer Than 1000 Employees (Top 10K), Number of portfolio companies associated to the Person, The organization associated to the person's primary job, Where the person is located (e.g. Summit has also proved its skill in finding and nurturing franchises, making it an attractive component. March 12, 2021 2:48pm. [9] The parent company of Endeavour Financial was Endeavour Mining Capital, which was then led by Frank Holmes. Damon Wolf, the head of Lionsgate Motion Picture Group worldwide marketing, is exiting his role. Lionsgate Funding Group's Profile, Revenue and Employees. This would have helped to promote the service in the same way that WarnerMedia promoted HBOMax with day-and-date theatrical releases. I have no doubt, this studio and this team will replicate that success over and over again. Nothing wrong with that, but at a smaller studio, letting talent call all the shots - or at least a majority of them - might not get you to the next Stranger Things. Through the deal, Colombia's state oil company, Ecopetrol SA became a partner with Pacific Rubiales. The studio has also had global subscriber growth at Starz, which could be the subject of a sale of spin off. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. I want to thank the eternally debonair Joe Drake for putting his trust in me, to Felt and Michael and the Board for your trust in him and the belief in me. One thing is for sure now Comcast will not sell or spinn NBCU: VIAC has 2 options without antitrust regulators rejecting it: FAAG stocks cannot buy VIAC because they are under antitrust investigations for a while. Here are the next media mergers that make the most sense, Wiedenfels told the investors conference Discovery will invest at a record pace in content in the wake of the WarnerMedia merger deal. Giustra is a major shareholder of Thunderbird Entertainment, a company focused on content and distribution in the television and film sector. Lionsgate has 3,500 employees, of which 47 are in a leadership position. Lionsgate CFO James Barge Renews Contract Through 2023 Now, with our films back in theaters and a 2021 slate primed for a repeat, that time has come. Early history Lionsgate was formed in 1997 by Frank Giustra with a $16 million investment including another $40 million from other investors which included Keyur Patel and Yorkton Securities' executives such as G. Scott Paterson. Subscribe for full access to The Hollywood Reporter. (310) 449-9200 LionsGate Entertainment Profile and History Lionsgate Entertainment, headquartered in Santa Monica, California, is a global content company providing films, television series, interactive games, location-based entertainment, and virtual reality. 2023 The Hollywood Reporter, LLC. Lionsgate Funding Group's Competitors, Revenue, Number of - Owler Jon Feltheimer, Lionsgate Entertainment Corp: Profile and Biography Please. Feltheimer received a BA in economics with honors from Washington University in St. Lionsgate plans to officially announce a Starz spinoff - TechCrunch With that designation, he added to his global marketing and communications oversight to include all platforms and digital content releases along with theatrical and digital releases through the home entertainment window. There is also an opportunity to exploit Starz and the movie segment to maximize interest in buyers. He told me it was time for him to do something different, and I told him we would support him 100%. I felt the moment had come to share with him that it was time for me to leave. Both of the big deals that have happened within what the last two or three weeks I think are pretty simple. "[4] He spent his middle school years in Aldergrove, British Columbia, Canada, and graduated from high school there in 1976. Zippia gives an in-depth look into the details of Lionsgate, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Lionsgate. Once that happens, you can bet that the titans of Tinseltown will be counting on a new player and a new wave of content spending to enter the arena. On Wall Street, though, especially on the intersection between that road and Hollywood Boulevard, mergers and acquisitions are rather royal in their own right, good or bad (and, yes, sometimes they can be bad, as something like AOL and Time Warner once proved, but the whole idea is to transfer risk off to someone else while making a profitable trade). I think sort of our approach and where we fit in is pretty simple at this point in time, which is, with all this disruption, I think we've got a benefit in terms of lack of disruption here at the company and of cohesiveness. On the content-creation side, the company needs to find its own Stranger Things or, barring that, work on replicating the prestige reputation of an HBO (e.g. He served as Controller of Viacom, Inc. since March 10, 2008. We don't think 30 million subs is a niche service. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Michael Burns, Lionsgates COO said, While we continue to realize substantial synergies from bringing Lionsgate and Starz together, we also see the opportunity to potentially unlock significant shareholder value under a scenario where investors had the ability to value our studio assets and Starz separately..