Market Overview

Lionsgate Extends Contracts For COO & Strategic Officer & General Counsel


Reflecting the continuity of its executive team, Lionsgate (NYSE: LGF), a premier next generation global content leader, has extended the employment agreements of two of its corporate officers, Brian Goldsmith, Co-Chief Operating Officer, and Wayne Levin, Chief Strategic Officer and General Counsel, it was announced today by Lionsgate Chief Executive Officer Jon Feltheimer, to whom they both report. The renewed agreements demonstrate the depth, experience and continuity of the Company's executive team, most of who have been with Lionsgate and its predecessor companies for over a decade.

Courtesy of Lionsgate.
"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," said Feltheimer. "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."

As Chief Strategic Officer and General Counsel, Mr. Levin played an instrumental role in Lionsgate's recently announced partnership with Liberty Global and Discovery Communications as well as its recent investment in unscripted television content leader Pilgrim Studios and its multi-faceted slate financing, film production and television co-production agreement with Hunan TV & Broadcast Intermediary. In his dual operational management and deal making capacities, Mr. Levin has played a leadership role in Lionsgate's evolution into a nearly $6 billion global entertainment company.

He has negotiated and overseen the acquisitions and subsequent integration of such companies as Artisan Entertainment in 2003, Lionsgate U.K. (formerly Redbus Holdings) in 2005, Debmar-Mercury in 2006, Mandate Pictures in 2007, TVGN (formerly TV Guide Network) in 2009 and Summit Entertainment in 2012, as well as Lionsgate's equity investments in Roadside Attractions and Break Media. In addition, Mr. Levin played a key role in structuring Lionsgate's participation in the premium entertainment channel EPIX, launched with partners Viacom and MGM in 2009. Prior to joining the Company when Lionsgate acquired Trimark Holdings in October 2000, Mr. Levin headed up the Business & Legal Affairs department at Trimark Pictures from 1996 through 2000.

As Co-Chief Operating Officer, Mr. Goldsmith is active in negotiating the Company's corporate development activities, including the recent Liberty Global and Discovery deal. In addition, he directs investments in 10 branded channels around the world as well as a broad spectrum of digital initiatives. He was instrumental in the Company's January 2012 acquisition of Summit Entertainment, the August 2011 sale of Canadian distributor Maple Pictures to Alliance Films and the February 2009 acquisition of POP (formerly TVGN, now a 50/50 partnership between Lionsgate and CBS Corporation). He has also worked closely with Lionsgate Vice Chairman Michael Burns on Lionsgate's capital structure and corporate financings.

Mr. Goldsmith has also played a significant role in overseeing Lionsgate's partnerships with Viacom and MGM in the EPIX channel and the Company's launch of Celestial Tiger Entertainment in Asia with partners Saban Capital Group and Astro's Celestial Pictures. He also helped develop Lionsgate's content partnerships in China with The Alibaba Group and Hunan TV & Broadcast Intermediary Ltd. Prior to joining Lionsgate, Mr. Goldsmith served as Chief Operating Officer and Chief Financial Officer of Mandate Pictures and its predecessor company Senator International, joining Lionsgate after its September 2007 acquisition of Mandate. Previously, Goldsmith worked as a financial analyst and strategic planner at Sony Pictures, beginning his career as a financial analyst at Merrill Lynch.

About Lionsgate

Lionsgate is a premier next generation global content leader with a strong and diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, digital distribution, new channel platforms, video games and international distribution and sales. With Pilgrim Studios recently joining the Lionsgate family, the Company has nearly 80 television shows on 40 different networks spanning its primetime production, distribution and syndication businesses. These include the critically-acclaimed hit series Orange is the New Black, the multiple Emmy Award-winning drama Mad Men, the hit broadcast network series Nashville, the syndication success The Wendy Williams Show, the acclaimed drama Manhattan and the breakout series The Royals.

Its feature film business has been fueled by such successes as the blockbuster first three installments of The Hunger Games franchise, the first two installments of the Divergent franchise, Sicario, The Age of Adaline, CBS/Lionsgate's The DUFF, John Wick, Now You See Me, Roadside Attractions' Love & Mercy and Mr. Holmes, Lionsgate/Codeblack Films' Addicted and Pantelion Films' Instructions Not Included, the highest-grossing Spanish-language film ever released in the U.S.

Lionsgate's home entertainment business is an industry leader in box office-to-DVD and box office-to-VOD revenue conversion rates. Lionsgate handles a prestigious and prolific library of approximately 16,000 motion picture and television titles that is an important source of recurring revenue and serves as the foundation for the growth of the Company's core businesses. The Lionsgate and Summit brands remain synonymous with original, daring, quality entertainment in markets around the world.

For further information, please contact:

Peter Wilkes

Joanna Massey

Posted-In: News Contracts Management Press Releases


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