Lionsgate has renewed its employment contract with president of global television distribution Jim Packer.
Terms of the new long-term contract were not disclosed, but the latest deal with Packer follows Lionsgate’s licensing deal for the upcoming John Wick TV origin story Continent at Peacock, comedy Ghost at Paramount + and Schitt’s Creek at Hulu, among others.
Packer joined Lionsgate in 2011 from MGM and before that at Walt Disney. During his tenure with the studio, Lionsgate’s 17,000-book film and television library doubled sales to nearly $800 million last year.
Lionsgate’s worldwide television distribution group licenses the studio’s portfolio of 40 to 50 feature films annually, television media, Starz original programming, and media content sales to platforms. broadcast, cable, SVOD, AVOD and FAST worldwide.
“He (Packer) is a world-class executive, a respected leader and a trusted partner with business drive and knowledge of the changing face of the business. The content business will continue to be an important part of moving our company forward,” Lionsgate CEO Jon Feltheimer said in a statement on Monday.
The new deal for Packer also comes as Lionsgate has decided to focus on being able to turn its studio business around by renaming its StarzPlay streaming platform to Lionsgate+ in a range of markets outside the US. .
Lionsgate has also in recent weeks rolled out new contract deals for Joe Drake, the studio’s motion picture group president and Lionsgate Television Group president Kevin Beggs, to reunite the company’s key leadership team. surname.
