Lionsgate Extends CEO's Employment Till May 2023

(RTTNews) - Lionsgate (LGF) Chief Executive Officer Jon Feltheimer has signed a new long-term agreement extending his tenure until May 2023, effective immediately, the Company announced today.

"We are pleased to extend Jon's tenure as CEO until 2023, providing Lionsgate with great continuity as he and Michael Burns continue to lead the Company's evolution into a vertically integrated global content platform that unlocks strategic opportunities for our business and creates long-term value for shareholders," said Lionsgate Chairman of the Board Dr. Mark Rachesky.

"During Mr. Feltheimer's 16 years as CEO, Lionsgate has grown into a global content leader with a feature film slate averaging nearly $2 billion annually at the worldwide box office, a television business encompassing nearly 80 series on 40 networks and a library that handles more than 16,000 motion picture and television titles," the company said.