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Jim Packer isn’t leaving Lionsgate any time quickly.
Lionsgate’s President of Worldwide Tv Distribution is in Cannes at Mipcom this morning having signed a long-term extension to his employment settlement.
Throughout Packer’s tenure, Lionsgate has practically doubled the revenues from its movie and tv library to succeed in virtually $800M final 12 months. He joined from MGM, the place he was President of Worldwide Tv and Digital Operations, in 2011.
This 12 months, Lionsgate has struck a number of high-profile licensing offers, together with promoting John Wick TV origin story The Continental to Peacock, breakout hit comedy Ghosts to Paramount+ and Schitt’s Creek to Hulu, amongst many others. The corporate additionally licenses round 40 to 50 function movies yearly.
“Jim and his group have constructed Lionsgate into a worldwide licensing powerhouse whose content material touches nearly each platform on this planet,” stated Lionsgate CEO Jon Feltheimer. “He’s a world-class govt, a revered chief and a trusted companion whose entrepreneurial drive and information of the altering face of the content material enterprise will proceed to be an essential a part of transferring our firm ahead.”
The information comes quickly after it emerged worldwide streaming service Starzplay was rebranding as Lionsgate+ internationally, and as Lionsgate mulls whether or not to spin off the Lionsgate studio.
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