Jon Feltheimer Renews Lionsgate Contract

SANTA MONICA: Jon Feltheimer has extended his tenure to serve as the CEO of Lionsgate through May 2018.

Feltheimer has been the CEO for 13 years. During this time, Lionsgate’s market capital has increased from $80 million to nearly $4 billion.

Dr. Mark Rachesky, Lionsgate’s chairman of the board, said, "We are pleased to make this early decision to extend Jon’s tenure as CEO until 2018, providing Lionsgate with extraordinary continuity as he and Michael Burns continue to grow the company into a next generation global content leader.

"We believed in Jon’s early vision of how to best position Lionsgate to grow and adapt to a rapidly changing industry. He has successfully executed on a business plan which required discipline, patience and investment in all of the company’s key business segments in order to create highly valuable content and long-term value for shareholders."