Lionsgate Chief Extends Contract

SANTA MONICA, October 15: Jon Feltheimer has signed a new
contract with Lionsgate, keeping him as co-chairman and CEO of the independent
studio until March 2014.

Feltheimer’s previous contract ran through till March 2011.
In related news, Michael Burns has also extended his contract, as vice
chairman, until September 2011.

“We are delighted to make this early decision to extend
Jon’s tenure as co-chairman and CEO until 2014, providing Lionsgate with
extraordinary continuity as he and Michael Burns continue to grow the company
into one of the premier next generation studios,” said co-chairman Harald
Ludwig on behalf of Lionsgate’s Board of Directors. “During Jon’s eight and a
half years of leadership, Lionsgate has generated tremendous growth momentum,
invested in a series of strategic and financially accretive acquisitions and
built a very healthy balance sheet and strong cash position that is invaluable
in the current market environment. We are confident that Jon and Michael are
setting in place all of the elements for continued strong growth and industry
leadership in the future.”

—By Mansha Daswani