Lionsgate CEO Jon Feltheimer, who oversaw the company’s purchase of Twilight studio Summit Entertainment last year, has agreed to a new contract extension that keeps him at the studio through 2018.
Feltheimer has been at Lionsgate for 13 years, notes The Hollywood Reporter. The new contract runs through May 2018. Terms of the deal were not reported.
More recently, Feltheimer has overseen the release of The Hunger Games, which grossed over $691 million worldwide in 2012. The franchise continues in November with The Hunger Games: Catching Fire, which is also expected to be a hit. There will be two more films to follow, since the final book in the trilogy, Mockingjay, will be split in two.
The studio is also releasing Ender’s Game and Divergent, both based on young adult novels that could turn into franchises. There’s also the possibility that the Twilight franchise could keep going.
Lionsgate has also established itself as a strong television studio, producing both Mad Men and Charlie Sheen’s Anger Management.
“We believed in Jon’s early vision of how to best position Lionsgate to grow and adapt to a rapidly changing industry,” board Chairman Mark Rachesky said in a statement posted at Deadline. “He has successfully executed on a business plan which required discipline, patience and investment in all of the Company’s key business segments in order to create highly valuable content and long-term value for shareholders.”
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