Multi-Year Agreement Covers Films From Lionsgate And Summit Labels
Deal Will Also Encompass Promotional Opportunities With Leone Film Group's Pacmedia
SANTA MONICA, Calif., March 3, 2014 /CNW/ - As part of the continued expansion of its worldwide distribution infrastructure, Lionsgate (NYSE: LGF), a leading global entertainment company, has entered a multifaceted output agreement with fast-growing Leone Film Group in Italy covering feature films from its Lionsgate and Summit labels, the two companies announced today. Italy was one of the last remaining major territories not previously covered by one of the Company's output arrangements. The agreement, which was finalized at the Berlin Film Festival, also includes Lionsgate's exploration of worldwide promotional opportunities on a case by case basis with Leone's Pacmedia promotional group.
"We have closely followed Leone Film Group's emergence as a major force in the Italian marketplace, and we're delighted to establish a long-term partnership with them for the distribution of our feature films in Italy," said Lionsgate Motion Picture Group Co-Chairmen Patrick Wachsberger and Rob Friedman. "Andrea, Raffaella and Gustavo have great and innovative marketing skills and have built a tremendous relationship with exhibitors and broadcasters alike. We also look forward to working closely with their affiliated promotional company Pacmedia on selected worldwide promotional opportunities."
"Lionsgate has emerged as a major force in the global marketplace, and the Lionsgate brand has become synonymous with a consistent pipeline of commercially exciting and critically-acclaimed films," said Andrea Leone, president and co-founder with his sister Raffaella of Leone Film Group. "We look forward to partnering with Patrick, Rob and the rest of the Lionsgate team to elevate their distribution profile in Italy as well as to create exciting new promotional opportunities around the world."
Lionsgate's global distribution infrastructure includes output agreements in major territories encompassing 80% of the world's movie-going population outside China and India, the Company's self-distribution operations in the U.K., the 50/50 IDC joint venture serving Latin America and distribution in China and Southeast Asia through its Celestial Tiger partnership.
Lionsgate is a leading global entertainment company with a strong and diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales. Lionsgate currently has 34 television shows on 22 networks spanning its primetime production, distribution and syndication businesses, including such critically-acclaimed hits as the multiple Emmy Award-winning Mad Men and Nurse Jackie, the comedy Anger Management, the network series Nashville, the syndication success The Wendy Williams Show and the critically-acclaimed series Orange is the New Black.
Its feature film business has been fueled by such recent successes as the blockbuster first two installments of The Hunger Games franchise, The Hunger Games and The Hunger Games: Catching Fire, A Madea Christmas, Now You See Me, Kevin Hart: Let Me Explain, Warm Bodies, The Expendables 2, The Possession, Sinister, Roadside Attractions' Mud and Pantelion Films' breakout hit Instructions Not Included, the highest-grossing Spanish-language film ever released in the U.S.
Lionsgate's home entertainment business is an industry leader in box office-to-DVD and box office-to-VOD revenue conversion rate. Lionsgate handles a prestigious and prolific library of approximately 15,000 motion picture and television titles that is an important source of recurring revenue and serves as the foundation for the growth of the Company's core businesses. The Lionsgate and Summit brands remain synonymous with original, daring, quality entertainment in markets around the world.
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Peter D. Wilkes
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