Jon Feltheimer, Chief Executive Officer of Lions Gate Entertainment Corp, has increased his stake in the company according to a recent SEC filing. On March 7, 2024, the insider executed a purchase of 100,000 shares of the company’s stock.
Over the past year, Jon Feltheimer has engaged in the purchase of 100,000 shares in total and has not sold any shares.
Lions Gate Entertainment Corp is a global content platform that provides films, television series, digital products, and linear and over-the-top platforms. The company operates through various segments, including Motion Pictures, Television Production, and Media Networks.
Insider transactions at Lions Gate Entertainment Corp over the past year have displayed a trend of more insider buying than selling. There have been 2 insider buys and 0 insider sells during this period.
Vice chair Michael Burns said today he thinks the purchase was spurred by a visit the set of the upcoming Michael Jackson biopic.
“He is pretty fiscally conservative in many ways and so that was actually interesting to see him do it, and I swear he bought it because he went to the set — we are shooting the Michael Jackson movie on the Sony lot – and he just came back and just said, ‘This thing is going to be incredible’,” Burns said at a Deutsche Bank media conference today.
