Lions Gate Entertainment Corp. , doing business as Lionsgate , is a Canadian-American entertainment company. It was formed on July 10, 1997, in Vancouver, British Columbia, Canada and is currently headquartered in Santa Monica, California.
In addition to its flagship division, Lionsgate Films, which generates the seventh highest gross revenue in North America in 2015, the company has other divisions such as Lionsgate Television and Lionsgate Interactive. It has various subsidiaries such as Summit Entertainment, Debmar-Mercury, and Starz Inc.
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Histori
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Lions Gate Entertainment Corp. (Lionsgate) was formed in 1997 by Frank Giustra and Avi Federgreen with an investment of $ 16 million including $ 40 million from other investors including Keyur Patel and Yorkton Securities executives such as G. Scott Paterson. Giustra has just retired as CEO of Yorkton, investment bank, and Paterson when it is president. Giustra then merged Lionsgate with Toronto Stock Exchange listed Beringer Gold Corp (founded in 1986) to bring the company into a public company. Beringer's mining assets were soon sold.
Acquisitions
Lionsgate then started a series of acquisitions to get into the film industry. The company purchased a number of small production facilities and distributors, starting with CinÃÆ' Â © pix Film Properties based in Montreal (renamed Lions Gate Films) and North Shore Studios (renamed Lions Gate Studios) in Vancouver, British Columbia. Mandalay Television was acquired by Lionsgate from Peter Guber for 4% of Lionsgate shares. In 1998, Lionsgate helped Guber establish Mandalay Pictures with a 45% investment in Mandalay. Lionsgate followed suit with the purchase of Jun International Movie Group, Inc. (IMG), a bankrupt film distributor previously invested by Guber and Yorktown Securities, for its film library. IMG CEO, Peter Strauss, became President of Lions Gate Entertainment, Inc. (LGE), the US parent company for US interests at Lionsgate. A subsidiary of Lions Gate Media was also formed to produce television.
After completing its first year of operation, Lionsgate had $ 42.2 million in revenue with a loss of $ 397,000. The company's stock price dropped to a low of $ 1.40. This limits the ability of corporations to make acquisitions through stock exchange. Lionsgate instead made a further acquisition of Productite Art Productions, a reality-based television production company, for $ 2.75 million by issuing three promissory convertible sheets. Giustra asks shareholders to choose to move the company's public listing from the Toronto Stock Exchange to the American Stock Exchange, along with two-for-one stock consolidation to qualify, for greater exposure that can increase the value of the stock.
In January 1999, Roman Doroniuk was named president and chief operating officer of Lionsgate, which led to corporate finance operations being moved in April to Doroniuk's office in Toronto, Ontario while company headquarters remained in Vancouver, British Columbia. Lionsgate created the US-based Avalanche Film and acquired half of Sterling Home Entertainment, both in video sales. Again, Lionsgate posted a second-year loss of $ 9.3 million with revenues of $ 78.3 million with most losses stemming from its shares in Mandalay Pictures. So in the summer, Lionsgate puts his studio for sale without a buyer. TV operation was turned into a non-networked series for more than risky network events and ended its relationship with Mandalay Television. Corporations are seeking more capital and cash by proposing initial prospectuses for the sale of preferred stock and common share warrants and credit lines of $ 13.4 million.
Lionsgate increases and new CEO
Additional acquisition funds arrived in January 2000 as an investment of $ 33.1 million from an investor group including Paul Allen, former Sony Pictures Jon Feltheimer, German broadcaster Tele-Munchen, and SBS Broadcasting SA. This caused Feltheimer to take over as CEO of Giustra so that Doroniuk passed the company. Feltheimer boosted filming including some $ 1 million films on Avalanche. However, Federgreen still remains one of the main owners of the company and is heavily involved in making all of their major films. In June, Lionsgate acquired Trimark Holdings, Inc. for about $ 50 million in stock and cash including taking $ 36 million in debt.
Lionsgate continues to acquire for a decade to improve its distribution and movie library. On December 15, 2003, Lionsgate earned Artisan Entertainment for $ 220 million. In 2004, Erik Nelson bought back Art of Termites and renamed it Creative Difference.
Lionsgate partnered with Panamax Films in 2005 to make a movie for the Latino market that only produced two films. On April 13, 2005, Lionsgate turned the Canadian distribution unit into a new distribution unit called Maple Pictures under the direction of two former Lionsgate executives, Brad Pelman and Laurie May. On August 1, 2005, Lions Gate Entertainment acquired the entire library of Modern Entertainment, the US film division of Swedish television company Modern Times Group. On October 17, 2005, Lionsgate acquired the British company Redbus Film Distribution for $ 35 million and became Lionsgate UK on February 23, 2006.
On March 15, 2006, Lionsgate sold Lionsgate Studios to Bosa Development Corporation. On July 12, Lionsgate bought Debmar-Mercury, an independent television distributor, who continues to operate as a Lionsgate subsidiary. The company agreed in August to lease a term with the New Mexico State Land Office and the city of Rio Rancho for a new 52.8-acre studio near Rio Rancho's center and development arena.
On July 26, 2007, Lionsgate bought some shares in independent film distribution company Roadside Attractions. Lionsgate started Lionsgate Music in June 2007. On September 10, 2007, Lionsgate bought Mandate Pictures for $ 56.3 million, $ 44.3 million in cash and $ 12 million in stock, and took $ 6.6 million in Mandat debt. Chief Executive Mandate Joe Drake returned to the company as co-chief operating officer of his film unit.
In July 2008, Lionsgate has not made any progress in building his new movie studio at Rio Rancho or preparing the company to run the studio in agreement with New Mexico.
In January 2009, Lionsgate purchased TV Guide Network and TVGuide.com from Rovi for $ 255 million in cash. In May 2009, Lionsgate sold a 49% stake in the TV Guide Network and website to One Equity Partners under pressure from shareholder Carl Icahn.
Lionsgate reduced the row of movies per year by four in February 2009. In April, Relativity Media signed a contract with Lionsgate for the distribution of 5 years per year multi-year film. In August, Lionsgate signed with Redbox for a five-year deal worth the same $ 158 million. Lionsgate, along with MGM and Paramount Pictures/Viacom, is also co-owner of Epix, a pay TV movie channel that debuted on October 30th.
On September 13, 2010, Lionsgate and Televisa formed a joint venture, Pantelion Films, to produce for the next five years eight to 10 films a year targeted for the US Latin market.
Lionsgate sold the Canadian distribution unit Maple Pictures in September 2011 to Alliance Films.
Lionsgate announced on January 13, 2012, that it has acquired Summit Entertainment, a producer and distributor of Twilight Saga movies for $ 412.5 million. The two companies have planned to join since 2008. On October 6, 2012, Lions Gate Entertainment announced that Brian Goldsmith became the company's co-COO and joined the co-COO of Steve Beeks. On November 18, 2012, Lionsgate announced it has surpassed the $ 1 billion mark for the first time with the success of The Hunger Games and The Twilight Saga: Breaking Dawn - Part 2
On December 23, 2013, Lionsgate announced that it has surpassed $ 1 billion domestically and internationally for the 2nd year in a row with the success of The Hunger Games: Catching Fire Now You See Me , Instructions Not Included , and Kevin Hart: Let Me Explain .
On April 14, 2014, Comcast acquired the remaining shares in Fearnet from LGF and Sony Pictures Entertainment. On April 21, 2014, Lionsgate announced that it would combine its film marketing operations. A few days later, on April 30, Lionsgate announced that the studio would be expanded into game development.
In 2015, Lionsgate took over the distribution function for CBS Films, CBS Corporation's film division.
On February 11, 2015, John C. Malone traded a 4.5% stake with 14.5% of the votes in Starz Inc. to 3.4% of Lionsgate's shares when it joined the company's board of directors. Fourteen days later, Starz CEO Chris Albrecht hinted at a possible merger with Lionsgate.
On April 1, 2015, according to Deadline , Lionsgate announced it has created its new label, Lionsgate Premiere . This new label will handle up to 15 releases a year, targeting young viewers in theaters and digital outlets. The new label, part of the company's diversification efforts, will incorporate Lionsgate and Summit Entertainment titles (including the Movie Up and Red series film series) and then specialize in "innovative release strategies and multiplatform "to reach" affinity audiences with branded content and targeted marketing. "SVP Marketing and Research Jean McDowell will handle marketing, with distribution run by Adam Sorensen, who currently manages West Sales.
On November 10, 2015, two other Malone companies, Liberty Global and Discovery Communications, invested a combined $ 195-400 million in Lionsgate and acquired a 3.4% stake in the company. Then on June 30, 2016, Lionsgate agreed to acquire Starz Inc. worth $ 4.4 billion in cash and stock. In December 2016, the company became the parent of Starz Inc.
On November 12, 2015, Lionsgate formed a partnership with Armenian television producer, Craig Piligian, when the studio acquired more than 50% of its $ 200 million Pilgrim Studios company. Piligian maintains its position as CEO of the company while Pilgrim will continue to operate independently under Piligian. The deal makes Lionsgate a player without a major script.
On July 13, 2016, Lionsgate acquired a minority stake in an unwritten television production startup company in Great Britain Media. Launched by Matt Steiner and Adam Wood, who initially launched Gogglebox Entertainment which was acquired by Sony Pictures Television.
Following the Weinstein effect, Lionsgate is listed as one of 22 potential buyers interested in acquiring The Weinstein Company. The company also showed interest in investing in French film producer and company director Luc Besson, EuropaCorp.
In 2018, the newly launched Lionsgate digital content unit, Studio L, announces its first slate.
Possible acquisition
In January 2018, it was reported that Lionsgate was experiencing a bidding war for possible acquisitions, with Amazon.com, CBS Corporation, Comcast, Verizon Communications, and Viacom having made an offer.
Lionsgate vice chairman Michael Burns has stated in an interview with CNBC that Lionsgate is very interested in joining CBS and Viacom. Viacom and Lionsgate are both interested in acquiring The Weinstein Company.
On February 27, 2018, a month after the announcement of the bidding war, Variety reported in a detailed article that the toy manufacturing company Hasbro (who recently collaborated with the company in the 2017 movie My Little Pony: The Movie through the cinema financing unit of Allspark Pictures which in turn belongs to Hasbro Studios division) also approached Lionsgate last year, but the deal failed.
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Distribution
The distribution of selected new non-in-house movies for pay-per-view and on-demand is under the supervision of NBCUniversal Television Distribution under Universal Pictures (Universal home video and television held by many early Lionsgate films), while those others (especially in-house films) are distributed to cable television and broadcast through the Lionsgate syndication division.
Movies
Aside from the sub-licensed video distribution of sub-license films from other studios, Lionsgate's library comprises its own in-house production, as well as films from Summit Entertainment and several dead studios, including Trimark Pictures (acquired in 2000), Artisan Entertainment (earned in 2003), Overture Films (Starz's feature film division whose library Lionsgate acquired after the Starz merger 2016) and Vestron Pictures (acquired by Artisan in 1991). Their complete ownership depends on the worldwide licensing area.
Television
Lionsgate Television produces series such as Nashville , Anger Management , Dead Zone , 5ive Days to Midnight , Weed , Nurse Jackie , Boss , Payne Tyler Perry Home and Emmy Award Winner Mad Men . Lionsgate also acquired the Debmar-Mercury TV syndication company in 2006 with 20 televisions handling ad sales with the exception of Meet the Browns, as advertising sales are handled by Disney-ABC Domestic Television and Turner Television-distributing the series. Lionsgate also has Pop with CBS Corporation. In March 2013, Lionsgate signed a contract with Mars One (a Dutch nonprofit with a space agency and aerospace advocates intent on conquering Mars) to produce reality TV shows. Starz_.26_other_channels"> Starz & amp; other channels
The company has Starz, a premium-tiered cable network with all related channels including Starz Encore, and Movieplex. In addition, Lionsgate also has a basic cable network Pop with CBS Corporation.
Home Videos
Lionsgate has a home video library of over 13,000 movies with all the Artisan Entertainment releases (many results from output offerings with other dead studios such as Vestron Pictures), including titles such as Dirty Dancing Girl That's Easy , Army One , Total Recall , In Golden Pond , The Hunger Games: Catching Fire and series Rambo . Lionsgate also distributes selected NBC programs such as Will & amp; Grace, Little House on the Prairie and The Biggest Loser ; Mattel's Barbie-branded videos and Clifford the Big Red Dog video from Scholastic Corporation and also a former home video distributor of HIT Entertainment titles including Barney & Friends , Thomas & amp; Friends , and Fraggle Rock .
Video properties currently owned by Lionsgate Home Entertainment include those from Family Home Entertainment, Vestron Video, Lightning Video (former Vestron company), and Magnum Entertainment. Lionsgate also has a home video deal with StudioCanal in the US on selected titles in their library (most of which were previously released by Anchor Bay Entertainment).
Record label and music publishing
Lionsgate has its own record label and music publishing company, Lionsgate Records and Publishing . Lionsgate Records and Publishing established a joint venture with music publishing company Wind-up Records.
Lionsgate Interactive
Source of the article : Wikipedia
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