Lionsgate has extended the contract of CEO Jon Feltheimer by a further two years. The new contract now runs until the end of July 2031, according to an SEC filing by the company.

Feltheimer has led the US media group since March 2000 and is therefore expected to be in office for over 30 years. His contract was only extended until August 2029 in 2024.

The current agreement provides for an unchanged basic annual salary of USD 1.5 million, which has remained stable for around a decade. In addition, Feltheimer receives performance-related share options that are linked to three levels of Lionsgate share price targets (USD 17.50, 20 and 22.50).

The remuneration is therefore still strongly linked to the company's stock market performance. At the time of the most recent trading session, the Lionsgate share price was around USD 10.66.

Lionsgate is currently in a phase of increased market activity: The thriller The Housemaid became a cinema success in the USA with box office takings of over 125 million US dollars and is approaching the 400 million mark worldwide. In addition, Antoine Fuqua's biopic Michael another major studio project about Michael Jackson shortly before its US cinema release.

With the extension of the contract, Lionsgate is focussing on continuity at the top of the company in a phase in which the studio is further expanding its position in the global film and series market.