Lionsgate has agreed to an exchange of stock with affiliates of John Malone that will see the Liberty Media Corp. chairman join the movie and television company’s board.
The deal could set the stage for broader cooperation between Lionsgate and Malone, a powerful figure in the media business.
In the deal, Lionsgate Entertainment Corp. will exchange 3.43 percent of its common stock for 4.51 percent of Starz stock. Starz was spun off from Liberty Media in 2013. Malone is Starz’s largest voting shareholder, with approximately 32.1 percent of the total voting power of Starz.
Lionsgate CEO Jon Feltheimer and vice chairman Michael Burns said they see “potential to explore a broad range of strategic initiatives in the future.”
The Santa Monica, California-based company’s shares climbed 6.5 percent in morning trading.
SMPTE elects board officers, regional governors
SMPTE®,the home of media professionals, technologists, and engineers, has revealed the board officers and regional governors who will serve terms beginning in January 2025.
Three new officers--Richard Welsh as SMPTE president, Eric Gsell as SMPTE executive VP, and Polly Hickling as SMPTE Education VP--have been elected for a two-year term from Jan. 1, 2025, to Dec. 31, 2026. One SMPTE officer, Lisa Hobbs, will be continuing her service as SMPTE secretary and treasurer for another two-year term. Additionally, Raymond Yeung will be stepping into the role of standards VP on Jan. 1, 2025.
“SMPTE’s membership has spoken,” said SMPTE interim executive director Sally-Ann D’Amato. “These officers have been tasked with an important responsibility, one each of them is prepared to tackle head-on. These next two years are looking bright for SMPTE!”
In addition to the officers, 10 regional governors were elected by the Society to serve two-year 2025-2026 terms.
These include the following regional governors, re-elected to continue their service:
Asia-Pacific Region Governor
Tony Ngai, Society of Motion Imaging Ltd.
EMEA - Central & South America Region Governor
Fernando Bittencourt, FB Consultant
United Kingdom Region Governor
Chris Johns, Sky UK.
USA - Central Region Governor
William T. Hayes, Consultant
USA - Eastern Region Governor
Dover Jeanne Mundt, Riedel Communications
USA - Western Region Governor
Jeffrey F. Way, Open Drives
Also elected were four newcomers to the SMPTE Board:
Canada Region Governor
Jonathan Jobin, Grass Valley
USA - Hollywood Region Governor
Allan Schollnick, Voxx... Read More