Latest in Michael Burns

Lionsgate execs declined to offer any update on the status of Starz after announcing last fall that the company is exploring strategic options. Nor did STX Entertainment come up on its call Thursday to discuss third-quarter earnings with analysts. But Wall Street was buzzy about Starz. In response to a question, vice…

Lionsgate Vice Chairman Michael Burns hinted at a potential deal — nothing specific- — as media M&A heats up with the indie studio a prime target. Wall Streeters have called it both desirable and easily digestible in terms of cost for a bigger player. But asked outright about the company as a takeout target, he was…

Lionsgate vice chairman Michael Burns has inked a new employment agreement extending the term of his current contract from October, 2022 to October, 2023. The company said in an SEC filing Monday that the deal may be further extended at the company's discretion for an additional year. Chief executive Jon Feltheimer’s…

Lionsgate CEO Jon Feltheimer's total compensation for fiscal 2020 came in at $11.074 million, up sharply from $6.6 million the year before as his bonus nearly doubled and he received $1.5 million in stock awards, versus none the previous year. The pay package consisted of a $1.5 million base salary, a bonus of $6.3…

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…