Saturday, September 25, 2021

LIONSGATE’S FELTHEIMER’S PAY QUINTUPLES

August 4, 2014 by · Leave a Comment 

Four years ago, Lionsgate chief Jon Feltheimer was battling corporate raider Carl Icahn, who had launched a hostile takeover attempt, complaining that Feltheimer was wasting money on movies when television held the greatest profit potential for the company. If he succeeded in his effort to control Lionsgate, he said at the time, one of his first acts would be to replace Feltheimer as CEO. What a difference four years can make. During that period, Icahn dumped his shares in Lions Gate, taking a hefty loss, while Feltheimer has built Lions Gate into one of Hollywood’s top studios, with film franchises like the Twilight and Hunger Games movies and TV shows like Mad Men, Weeds, and Orange Is the New Black. Today’s (Monday) Hollywood Reporter observed that Feltheimer’s current pay package comes to $66.3 million annually — five times the $12.6 million he earned in 2013 and more than 10 times what he was paid in 2012. He now is one of the highest-paid media moguls, earning more than CBS chief Les Moonves ($65.6 million, Viacom’s Philippe Dauman ($37.2 million) and Disney’s Robert Iger ($34.3 million).