There’s been a lot of talk about change at Lionsgate, especially after Liberty Media’s John Malone started to become a major player there. But today the studio says it has a message of continuity: Two of its key dealmakers — Co-COO Brian Goldsmith and General Counsel/Chief Strategic Officer Wayne Levin — just re-upped.
Goldsmith’s four-year term began on October 1, while Levin’s starts next year on April 1, Lionsgate reports in an SEC filing. Both will have an annual base salary of $900,000 and be eligible for an annual incentive bonus based on the company’s ability to meet cash flow targets. Each also received big slugs of stock units and options.
“The stability of Lionsgate’s management gives us an important advantage in the highly competitive media environment where our team’s ability to move quickly and nimbly has benefited us tremendously,” says CEO Jon Feltheimer, to whom Goldsmith and Levin report. (Goldsmith also reports to Vice Chairman Michael Burns in what’s described as a “dotted line” arrangement.) “As we focus on a balance between organic growth and creating and executing on strategic opportunities, both Wayne and Brian have made exceptional contributions to the direction and operation of our business.”
Both execs helped negotiate the terms of this month’s agreements that enabled Liberty Global and Discovery to each buy a 3.4% stake in Lionsgate. Malone is the dominant shareholder in both companies.
Goldsmith and Levin helped with the 2011 purchase of Summit Entertainment and 2009 pickup of Pop, the joint venture with CBS formerly known as TVGN, and even more formerly known as the TV Guide Network. They also were engaged with Lionsgate’s deal with Viacom and MGM to create Epix and content arrangements in China with The Alibaba Group and Hunan TV & Broadcast Intermediary Ltd.
Goldsmith was COO and CFO of Mandate Pictures when Lionsgate bought the operation in 2007. Levin ran Trimark Pictures’ Business & Legal Affairs department in 2000 when Lionsgate bought Trimark Holdings.