SANTA MONICA, Calif. and ROME, Oct. 20, 2015 /PRNewswire/ -- Reflecting the increased depth and visibility of its film slate, Lionsgate (NYSE:LGF), a premier next generation global content leader, today announced the renewal and expansion of its output deal with Leone Films Group S.p.A. in Italy to distribute theatrical titles from the Lionsgate and Summit Entertainment labels.
The agreement covers an upcoming slate that includes such eagerly-anticipated event films as the next two Divergent series films, Allegiant and Ascendant; the adventure fantasy Gods of Egypt, an epic re-imagining of mythical ancient Egypt; Now You See Me 2, the sequel to the smash hit that grossed over $350 million at the global box office; the action thriller Deepwater Horizon; and the live action Saban's Power Rangers film. The next film to be released by Leone will be The Last Witch Hunter, Vin Diesel's next film following the blockbuster Fast & Furious 7.
"Our partnership with Andrea, Raffaella, Gustavo and the team at Leone is off to a great start, and we're delighted to extend our relationship with them," said Lionsgate Motion Picture Group Co-Chairs Patrick Wachsberger and Rob Friedman and International COO Andrew Kramer. "Their superb relationships with local content distributors in Italy, coupled with their creative marketing expertise, have helped build Lionsgate's presence in the territory, and we look forward to partnering with them in the years to come."
"The Lionsgate and Summit Entertainment labels, guided by Patrick, Rob, Andrew and their team, consistently create fan-favorite films like The Divergent franchise, along with highly anticipated new releases such as Gods of Egypt and Now You See Me 2," said Andrea Leone, president and co-founder with his sister Raffaella of Leone Film Group. "We have enjoyed working on their slate of movies and are very pleased to be renewing and expanding our relationship with them."
The output arrangement with Leone Film Group is managed by Crystal Bourbeau, Executive Vice President, International Sales, Lionsgate. The announcement is the latest in a series of new or renewed output deals around the world.
Lionsgate is a premier next generation global content leader with a strong and diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, digital distribution, new channel platforms, video games and international distribution and sales. Lionsgate currently has more than 30 television shows on over 20 different networks spanning its primetime production, distribution and syndication businesses, including the critically-acclaimed hit series Orange is the New Black, the multiple Emmy Award-winning drama Mad Men, the hit broadcast network series Nashville, the syndication success The Wendy Williams Show, the acclaimed drama Manhattan and the breakout series The Royals.
Its feature film business has been fueled by such successes as the blockbuster first three installments of The Hunger Games franchise, the first two installments of the Divergent franchise, Sicario, The Age of Adaline, CBS/Lionsgate's The DUFF, John Wick, Now You See Me, Roadside Attractions' Love & Mercy and Mr. Holmes, Lionsgate/Codeblack Films' Addicted and Pantelion Films' 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 rates. Lionsgate handles a prestigious and prolific library of approximately 16,000 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. www.lionsgate.com
Joanna Dodd Massey