The agreement arrives as the company plans to separate its studio and Starz businesses to unlock equity value.
At the same time, Burns and Feltheimer have been busy with plans to split off the studio’s pay TV and streaming business from its studio operations to make both more attractive as takeover targets, with a completion of that strategic alternatives process set for September 2023.
And on March 2, the studio signed a new employment agreement with Goldsmith, with a term that began on Oct. 1, 2022 and will run through to Sept. 30, 2025. Goldsmith like Burns has been key to recent merger and acquisitions moves at the Hollywood studio. He joined Lionsgate via the 2007 acquisition of Mandate Pictures, where he served as COO and CFO.
Last year, Lionsgate extended the long-term deal for Joe Drake to stay at the studio as chair of its Motion Picture Group. And that followed Lionsgate handing Kevin Beggs a new contract to remain at the top of Lionsgate TV Group and the studio reupping its employment agreement with president of worldwide television distribution Jim Packer.
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