Multiplatform Deal Secures Deep Collection of Film Product For Premium Channels, On-Demand And Online ServicesTyler Perry
SANTA MONICA, Calif. and ENGLEWOOD, Colo., Feb. 2, 2012 /CNW/ - Lionsgate® (NYSE: LGF), a leading diversified global entertainment company, and Starz Entertainment, LLC, a leading premium pay TV company operating 17 premium movie channels in the United States, today announced a new multiyear film licensing agreement that will bring more than 500 Lionsgate movies to the Starz Entertainment premium channels and services.
The comprehensive new agreement is Lionsgate's first long-term library deal with Starz Entertainment and will provide a significant supply of quality movie programming across all platforms for the STARZ, ENCORE, and MOVIEPLEX premium channels, in addition to the related HD, On Demand, HD On Demand, and online advanced services.
The 500+ movies include dozens of recent Lionsgate releases, with many airing for the first time on the Starz Entertainment premium channels and services.
Recent Lionsgate theatrical releases in the library agreement include The Expendables, The Last Exorcism, Conan The Barbarian, Abduction, From Prada to Nada, Margin Call, Red State, Precious, Rambo, Alpha & Omega, From Paris with Love, The Good Guy, Rabbit Hole, 3:10 To Yuma, and more.
Many movies from the popular "Tyler Perry" movie franchise are included, as well as films from the classic "Saw" franchise, with scores of other popular horror titles from the deep Lionsgate film library. Other popular titles licensed include, Crash, The Punisher, Punisher: War Zone, Monster's Ball, The Blair Witch Project, Reservoir Dogs, Dirty Dancing, The Jazz Singer, and Meatballs.
Jim Packer, Lionsgate President of Worldwide Television and Digital Distribution, said, "This is another significant step in the ongoing monetization of our 13,000-title filmed entertainment library, and we're delighted to extend and expand our productive long-term relationship with Starz, with whom we most recently partnered on the television series Boss. Lionsgate remains committed to tapping traditional and digital buyers alike as we explore ways to unlock the value of our vast filmed entertainment library asset."
"Starz Entertainment offers its subscribers a quality combination of both original programming and theatrical films. We are always striving to secure a long-term pipeline of quality library content to complement our first-run output film programming from Disney and Sony. This agreement - with a terrific partner in Lionsgate - helps us meet those long-term programming goals," said Stephan Shelanski, EVP, Programming, for Starz Entertainment.
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. The Company has built a strong television presence in production of prime time cable and broadcast network series, distribution and syndication of programming and an array of channel assets. Lionsgate currently has 15 shows on more than 10 networks spanning its prime time production, distribution and syndication businesses, including such critically-acclaimed hits as the multiple Emmy Award-winning "Mad Men", "Weeds" and "Nurse Jackie" along with the comedy "Blue Mountain State," the Golden Globe-winning drama "Boss" and the syndication successes "Tyler Perry's House Of Payne", its spinoff "Meet The Browns", "The Wendy Williams Show" and "Are We There Yet?".
Its feature film business has been fueled by such recent successes as THE LINCOLN LAWYER, TYLER PERRY'S MADEA'S BIG HAPPY FAMILY, THE EXPENDABLES, MARGIN CALL, THE LAST EXORCISM and the critically-acclaimed PRECIOUS, which won two Academy Awards®. With the January 2012 acquisition of Summit Entertainment, the Company now has the two leading young adult franchises – the blockbuster TWILIGHT SAGA, which has grossed more than $2.5 billion at the worldwide box office, and the HUNGER GAMES franchise, whose first film will be released on March 23. Recent Summit hits include RED, LETTERS TO JULIET, KNOWING, the STEP UP franchise and the Academy Award winning Best Picture THE HURT LOCKER.
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 13,000 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.
About Starz Entertainment
Starz Entertainment, LLC, is a premium movie and original programming entertainment service provider operating in the United States. The company offers 17 premium channels including the flagship STARZ® and ENCORE® brands with approximately 19 million and 32.8 million subscribers respectively. Starz Entertainment airs in total more than 1,000 movies and original series every month across its pay TV channels. Starz Entertainment is recognized as a pay TV leader in providing HD, On Demand, HD On Demand and online advanced services for its STARZ, ENCORE and MOVIEPLEX brands. Starz Entertainment (www.starz.com) is an operating unit of Starz, LLC, a wholly-owned subsidiary of Liberty Media Corporation (NASDAQ: LMCA).
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