Lionsgate Studios announced on Monday that Steven Mnuchin, who served as U.S. Treasury secretary in President Donald Trump’s first administration, has been appointed to its board of directors effective immediately.
Mark Rachesky, chair of Lionsgate’s board, praised Mnuchin’s capabilities in a company statement, saying that his "steady judgment, global perspective and deep industry insights will be enormously valuable" as the studio pursues growth.
Mnuchin commented on his selection, saying, "Lionsgate’s board and management team are building something dynamic and forward-looking, and I am eager to support that momentum." The company did not provide additional details about specific responsibilities he will take on as a director.
Mnuchin’s resume includes a mix of finance and entertainment industry experience. He has co-financed the science-fiction fantasy film "Avatar" and holds more than 35 executive producer credits. Before entering public service, Mnuchin spent 17 years working at Goldman Sachs, leaving the firm in 2002 to found Dune Capital Management, a hedge fund that targeted investments within the entertainment industry.
After his tenure in government, Mnuchin established Liberty Strategic Capital, a private equity firm that secured investments from institutional backers noted in the company statement, including Softbank Group and Abu Dhabi’s Mubadala sovereign wealth fund.
The announcement did not include further commentary from Lionsgate management on strategic changes tied to the appointment, nor did it outline any shifts in governance or committee assignments that Mnuchin will assume.
Investment research and stock idea tools referenced in relation to Lionsgate were also mentioned in the company statement materials. One such tool, ProPicks AI, evaluates LION alongside thousands of other companies using more than 100 financial metrics. The description of that tool notes it applies AI to analyze fundamentals, momentum and valuation without relying on popularity, and cites past performance examples that include Super Micro Computer (+185%) and AppLovin (+157%). The materials also referenced a New Year’s sale offering 55% off for the service.
No financial terms, compensation details for the new director role, or timing for any board-level initiatives were disclosed in the announcement.