Latest in Michael Burns

Lionsgate Vice Chairman Michael Burns acknowledged that the company’s “stock is on its butt” and several M&A scenarios are again in play, but he also made a firm case for the company’s viability as is. The executive made the remarks at the Bank of America Merrill Lynch Communications & Entertainment Conference in LA. S…

Lionsgate said in a SEC regulatory filing Friday that CEO Jon Feltheimer earned $6.62 million in total compensation in 2019, while vice chairman Michael Burns earned $5.18 million. Both totals were down from the past two years. Feltheimer, who signed a new contract with the studio in October 2016 to keep him as CEO…

Lionsgate CEO Jon Feltheimer’s is poised to collect $14.4 million in total compensation in fiscal 2018, a drop of nearly 60% from the prior fiscal year, according to filings with the SEC. Last fiscal year, Feltheimer collected a pay package worth $35.4 million, which included the value of a front-loaded award of…

During a conference call with Wall Street analysts about Lionsgate’s strong results in its fiscal third quarter, Starz chief Chris Albrecht noted progress in carriage talks with Altice to end a nearly six-week impasse on Optimum cable systems. Responding to an analyst’s update that some local Optimum systems appear to…

Lionsgate execs talked up Starz, La La Land, and their “risk mitigation strategy” to profit from movies and TV shows as they wrapped up a lengthy Investor Day series of presentations to attract Wall Streeters to the company following its $4.4 billion deal last month to buy the premium networks company. With Starz, CEO…

Some Wall Street players have described Lionsgate as a high wire act compared with the more stolid studios. Going into the fall its stock was wilting, its senior management was shifting and its 12-feature fourth quarter release schedule seemed both overambitious and oddly eclectic. The wind has now shifted. Shares are…

Lionsgate Vice Chairman Michael Burns just landed a sweet deal in a contract extension designed to keep him at the studio through October 30, 2022, according to an SEC filing. The extension comes early: His previous contract ran to October 30, 2017. It follows CEO Jon Feltheimer’s agreement last month to stay to May…

Lionsgate’s share price fell 35.6% in the fiscal year that ended in March, and the board acknowledged that — with declining film sales — the “year-end numbers did not reflect the financial performance it expected and that it has consistently delivered in recent years.” Still, CEO Jon Feltheimer and Vice Chairman Michae…

It has been widely speculated that Lionsgate is looking to extend its Hunger Games franchise after its fourth and final film based on Suzanne Collins’ trilogy, The Hunger Games: Mockingjay – Part II, opened and has dominated the box office for the past three weekends and currently stands at $524.2 million in global…

Here’s the latest sign that the toy and game company remains interested in Hollywood, even after it aborted its acquisition talks with DreamWorks Animation. Hasbro’s board just elected Lionsgate Vice Chairman Michael Burns to be an independent director, effective immediately. He’s on the Compensation and Finance…

Lionsgate CEO Jon Feltheimer reaped the benefit from a year when his company cashed in on hits including The Hunger Games and the Twilight saga: His compensation rose 95.3% to $12.6M according to the company proxy out today. (The package: $1.3M salary, $6M bonus, $3.6M stock awards, $1.5M non-equity incentives, and…

The exec who helped to engineer this year’s acquisition of Summit Entertainment and refinancing deals that lowered Lionsgate’s interest costs will be well compensated in the new agreement that runs through October 2017. He’ll receive a base salary of $1M a year and a bonus targeted at half of that, according to the…