LIONSGATE AND ALLIANCE FILMS ESTABLISH LONG-TERM OUTPUT DEAL IN SPAIN
Agreement Is Latest Building Block In Lionsgate's Creation of An International Distribution Network of Blue-Chip Partners In Major Territories Around The World
SANTA MONICA, Calif., and VANCOUVER, British Columbia, Sept. 11, 2012 /PRNewswire/ -- Lionsgate (NYSE: LGF), a leading global entertainment company, and Alliance Films, a leading international independent film distributor, have signed a new multiyear output agreement in which feature films from both Lionsgate and Summit Entertainment will be distributed by Alliance Films in Spain, the two companies announced today.
The films will be distributed by the Alliance company Aurum Producciones S.A., the leading independent distributor in Spain; the agreement extends Aurum's existing relationship with Summit to encompass Lionsgate films as well and is the latest milestone in Lionsgate's strategy of establishing an international distribution network of blue-chip partners in major territories around the world.
"We are delighted to extend Summit's longstanding relationship with the team at Aurum to encompass both the Lionsgate and Summit brands in Spain," said Lionsgate Motion Picture Group Co-Chairs Patrick Wachsberger and Rob Friedman. "The combination of Lionsgate and Summit earlier this year allows us to bring a significantly expanded portfolio of product to our distribution partners around the world, enables us to achieve significant economies of scale and ensures even greater consistency and visibility in our global business."
"We have enjoyed a very productive relationship with Rob and Patrick on the TWILIGHT franchise and other Summit films, and we're delighted to extend and expand our partnership to the entire Lionsgate team," said Xavier Marchand, Managing Director of Momentum Pictures and President of worldwide Distribution for Alliance Films, Aurum's parent company.
"The new agreement provides us with a supply of some of the most commercially exciting films in the world, and we're pleased to build on our rewarding history with Summit by entering this exciting new partnership with the entire Lionsgate family," added Jorge Vazquez and Igor Ibeas, Aurum's general and deputy general manager, respectively.
Aurum partnered with Summit Entertainment on the release of TWILIGHT SAGA: BREAKING DAWN – PART 1 in Spain, where it grossed more than $26 million at the box office and was the number one film in Spain in 2011. Aurum will also distribute the next three films of Lionsgate's HUNGER GAMES franchise as well as Summit's TWILIGHT SAGA: BREAKING DAWN – PART 2 and RED 2 in Spain.
The agreement was orchestrated for Lionsgate by Wachsberger, Lionsgate International President Helen Lee Kim and Lionsgate Executive Vice President International Legal & Business Affairs Michael Meyer and for Alliance Films by Marchand and Vice President Legal & Business Affairs for Europe, Spyro Markesinis.
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 primetime cable and broadcast network series, distribution and syndication of programming and an array of channel assets. Lionsgate currently has 23 shows on 16 networks spanning its primetime production, distribution and syndication businesses, including the multiple Emmy Award-winning Mad Men, the critically acclaimed series Weeds, Nurse Jackie and Boss, the new comedy Anger Management, the upcoming network series Nashville and Next Caller, the syndication successes Tyler Perry's House of Payne, its spinoff Meet the Browns, For Better Or Worse, The Wendy Williams Show, Are We There Yet? and the upcoming Orange Is The New Black, an original series for Netflix.
Its feature film business has been fueled by such recent successes as the blockbuster first installment of The Hunger Games franchise, which has already grossed nearly $700 million at the worldwide box office, The Lincoln Lawyer, The Cabin in the Woods, Tyler Perry's Madea's Witness Protection and Margin Call. With the January 2012 acquisition of Summit Entertainment, the Company has now added the blockbuster Twilight Saga, which has grossed more than $2.5 billion at the worldwide box office, to its current slate, giving the Company the two premier young adult franchises in the world. Recent Summit hits include Red, Letters to Juliet, Knowing 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 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.
ABOUT ALLIANCE FILMS
Alliance Films. is one of the top five independent filmed entertainment companies in the world. A leading multinational distributor, co-financier and producer of filmed entertainment, its member companies, Alliance Films and Alliance Vivafilm (Canada); Momentum Pictures (UK) and Aurum Producciones (Spain), offer integrated delivery of content in all media. Strategic partnerships include exclusive distribution rights to films from Relativity Media in Canada and the UK and Summit in Spain; Focus Features, Lionsgate, The Weinstein Company, and CBS Films in Canada; as well as ongoing relationships with FilmNation Entertainment, Exclusive Media, IM Global, Lionsgate International, Wild Bunch, Constantin Films, EuropaCorp and Nu Image in all three territories.
In addition Alliance has developed key production relationships including deals with Iain Canning and Emile Sherman's See-Saw Films which produced the multiple Academy Award® winner The King's Speech and Steve McQueen's Shame; a joint venture with IM Global in the Automatik production company; and a deal with Paranormal Activity producer Jason Blum that has generated the box office hit Insidious from director James Wan, The Bay from filmmaker Barry Levinson, Rob Zombie's Lords of Salem, Scott Derricksons' Sinister, Jay Shandrasekhar's The Babymakers and Scott Stewart's Dark Skies; and also, a co-production deal with Exclusive Media, Cross Creek and Hammer, for James Watkins' The Woman in Black.
For Alliance Films corporate inquiries, please contact:
More by this Source
Lionsgate Announces First Quarterly Cash Dividend of $0.05 Per Common Share
Dec 19, 2013, 08:00 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.