Lionsgate stock jumped to an all-time high on strong earnings with the studio touting its ability to create young adult franchises such as "Divergent," as well as the "Red" and "Expendables" franchises.
Shares soared 7.7%, gaining $2.17 to $30.20 in mid-session trading Friday. After the market closed, the studio had reported earnings well above Wall Street forecasts, coming in at $163 million, or $1.10 per share, for its fourth quarter ended March 31.
"These franchises have been designed to harness the power of social media," he added.
Lionsgate is aiming to do the same for "Divergent," which wraps next month.
Shailene Woodley, Theo James and Kate Winslet star in the Neil Burger pic, an adaptation of the first novel of Veronica Roth's trilogy about a post-apocalyptic Chicago. Vanessa Taylor will adapt.
"Divergent" has been dated for release on March 21, 2014 -- which Feltheimer noted is the same slot used last year for the release of "The Hunger Games." The exec noted that sales of Roth's first two books have topped 3 million, a figure he said compares favorably with book sales for "The Hunger Games" and "Twilight" at an equivalent point.
Feltheimer also disclosed the studio is "advanced negotiations" with Jackie Chan, Wesley Snipes, Nicolas Cage and Milla Jovovich for "The Expendables 3" and is aiming for a start of production in August. He also noted that Lionsgate has already hired "Red 2" writers Eric Hoeber and Jon Hoeber to begin work on "Red 3."
The CEO also touted growth of the TV business, predicting that it will generate over $500 million in revenues in the current fiscal year, and in the international box office for its films.