Lionsgate CEO Jon Feltheimer recently picked up shares of the company on the open market and 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.
According to an SEC filing Monday, Feltheimer acquired 100,000 shares, half each Class A and B shares.
Burns was talking up the studio ahead of an upcoming split with Starz.
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