Lionsgate and CEO Jon Feltheimer has extended his long-term employment agreement, keeping him at the Hollywood studio potentially to August 2025.
On Wednesday, Lionsgate in an SEC filing said his contract will now run to Aug. 21 2023 and could, at the discretion of the studio's boardroom, be extended another year to August 21, 2024 or another two years to August21, 2025.
It's understood Lionsgate wants to keep its options open to keeping Feltheimer with the studio until 2025, when he will have been with the studio for 25 years.
Despite small revisions, Lionsgate in its SEC filing said the new contracthas the same compensation and other terms of employment as the prior employment agreement that was struck in 2016.
Read more on hollywoodreporter.com