Lionsgate’s Jon Feltheimer Offers Bullish Outlook

Variety | 9/11/2018 | Dave McNary
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Lionsgate chief executive officer Jon Feltheimer has told shareholders the entertainment company will continue to thrive due to its ability to reach targeted audiences.

“From our beginnings as a small independent studio, we’ve asked ourselves every day how we can best continue to grow and compete effectively in a world where so many around us have such enormous scale,” he said Tuesday. “And the answer is that we’re committed to our own approach, playing our own game, and continuing to apply the core values with which we began. From day one, agnostic to distribution platform, we’ve focused instead on making bold, original content for targeted audiences that we can reach efficiently.”

Lionsgate - Shareholders - Meeting - Time - Place

Lionsgate’s annual shareholders meeting was held at its traditional time and place — on the Tuesday of the Toronto Film Festival at the Four Seasons Hotel in Toronto. It comes two years after Lionsgate paid $4.1 billion to buy premium cabler Starz with the goal of competing effectively with top-tier conglomerates.

“The result is that demand for Starz content is greater than ever, driving growth in traditional, over-the-top, and international subscribers,” Feltheimer said Tuesday. “This morning I’m happy to report that Starz has crossed the three million over-the-top subscriber mark, and I should note that our subscriber totals don’t include the more than one million additional subscribers across Starz’s international platforms and partners.”

Feltheimer - Lionsgate - Management-production - Powerhouse - Arts

Feltheimer also noted Lionsgate bought management-production powerhouse 3 Arts Entertainment in May with the goal of increasing its ability to partner with top Hollywood talent.

“Since that announcement, we’ve been working with them every day on exciting new projects, charging out of the blocks with ‘Florida Girls,’ a new series for Pop, and an original comedy series for Apple from ‘It’s Always Sunny in Philadelphia’ creators Rob McElhenney and Charlie Day,” Feltheimer said. “In the coming weeks, we expect to announce...
(Excerpt) Read more at: Variety
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