Lionsgate Extends Brian Goldsmith, Wayne Levin Contracts
The new agreements follow Liberty Global and Discovery acquiring 3.4 percent stakes in the studio.
Lionsgate on Thursday announced it has extended the contracts of two key deal-making execs, Brian Goldsmith, co-COO, and Wayne Levin, chief strategic officer and general counsel.
The studio in an 8K filing to the SEC said Goldsmith's new contract will run through to 2019, while Levin's new term will run to 2020. Levin played a key role in Lionsgate recently partnering with Liberty Global and Discovery Communications after the two conglomerates aligned with John Malone each purchased a 3.4 percent stake in the studio.
Lionsgate also invested around $200 million in unscripted TV producer Pilgrim Studios. For his part, Goldsmith also helped negotiate the recent Liberty Global and Discovery deals, while directing investments in 10 branded channels worldwide and Lionsgate's expanding digital assets.
"The stability of Lionsgate’s management gives us an important advantage in the highly competitive media environment where our team’s ability to move quickly and nimbly has benefited us tremendously,” Lionsgate CEO Jon Feltheimer said in a statement.
"As we focus on a balance between organic growth and creating and executing on strategic opportunities, both Wayne and Brian have made exceptional contributions to the direction and operation of our business," he added. Before joining Lionsgate in 2007, Goldsmith was COO and CFO of Mandate Pictures and earlier worked at Sony Pictures and Merrill Lynch.
While with Lionsgate, Goldsmith has overseen studio partnerships with Viacom and MGM in the EPIX channel and the company’s launch of Celestial Tiger Entertainment in Asia with partners Saban Capital Group and Astro's Celestial Pictures. Goldsmith also helped develop Lionsgate’s content partnerships in China with The Alibaba Group and Hunan TV & Broadcast Intermediary Ltd.
Levin joined Lionsgate when the studio acquired Trimark Holdings in October 2000 and has since helped negotiate the acquisitions of Artisan Entertainment in 2003, Lionsgate U.K. in 2005 and Summit Entertainment in 2012.
Nov. 19, 4:45 p.m. Updated to indicate the new employment agreement terms for Brian Goldsmith and Wayne Levin.