The vice-chairman has signed a new employment contract that keeps him in the post through October 2017.

Burns joined Lionsgate’s board in 1999 and assumed his current post in March 2000.

He most recently played a key role in Lionsgate’s January 2012 acquisition of Summit Entertainment and also helped arrange an $800m revolving credit facility and helped pay down the $500m Summit term loan more than two years early.