As it gets set to reveal plans for the likely separation of Starz and the Lionsgate movie and TV studio, Lionsgate has re-upped two key members of its management team: Vice Chairman Michael Burns and COO Brian Goldsmith
, while Goldsmith has agreed to a new employment agreement running through September 2025.
Burns, like CEO Jon Feltheimer, had a one-year extension written into his prior agreement and Lionsgate’s board of directors exercised that option, the filing said. Feltheimer’s contract was last year through 2025. The pair of execs have steered Lionsgate for more than two decades as it has grown via a series of acquisitions and innovative financial deals.Second Gentleman Doug Emhoff To Headline Starz and MPA Event On Importance Of Women Leaders In Government And Entertainment
Goldsmith, a 20-year company veteran, has also factored significantly into the corporate narrative. The new contract guarantees him a base salary of $1.25 million and includes an incentive bonus to be determined by the board, in consultation with Feltheimer. The exec moves come in the same month when the company has said it plans to finalize plans for separating Starz from the studio, though that timeline is self-imposed. Starz was acquired for $4.4 billion in 2016, just as the premium TV network business was coming under increased pressure from cord-cutting and the rise of direct-to-consumer streaming.
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