Lionsgate Studios

Last updated
Lionsgate Studios Corporation
Company type Public subsidiary
Nasdaq:  LION
Predecessors
FoundedMay 14, 2024;38 days ago (2024-05-14)
Headquarters2700 Colorado Avenue, Santa Monica, California, U.S.
Parent Lionsgate (87.2%)
Divisions
Subsidiaries
Website investors.lionsgatestudios.com

Lionsgate Studios Corporation, simply known as Lionsgate Studios, is an American film and television production and distribution conglomerate owned by Lionsgate and based in Santa Monica, California. It was formed on 14 May 2024 after Lionsgate spun out its film and television businesses, which was completed a week earlier on the 7th. [1]

Contents

Lionsgate Studios operates a portfolio of companies includes Lionsgate Canada (formerly known as Entertainment One), 3 Arts Entertainment and Pilgrim Media Group and owns a stake of joint venture Amblin Partners. Its filming division Lionsgate Films operates film labels Summit Entertainment and eOne Films.

Background

Following the completion of acquisition of Entertainment One (now Lionsgate Canada) from Hasbro on 27 December 2023, Lionsgate revealed its intention to split its film and television assets into its own company, whose Studios division will merge with a special-purpose acquisition company named Screaming Eagle Corporation, to be led by Eli Baker, to form a separate publicly traded company called Lionsgate Studios Corporation. The deal was closed on 7 May 2024, with the transaction setting a $4.6-billion value on Lionsgate Studios.

The company launched a week later on the 14th and began trading on Nasdaq via the stock symbol LION. Lionsgate remains its controlling shareholder, owning around 87% of it following the split until the end of the year.

Films

Lionsgate Studios operates its film libraries through its filming division, Lionsgate Films, that consists of its own in-house productions, as well as films from Summit Entertainment and Lionsgate Canada. The latter, which was known as Entertainment One prior to its sale to Lionsgate, included libraries of defunct production companies such as Koch Entertainment, Christal Films, Alliance Atlantis (from the merger of its former existence as Alliance Communications and Atlantis Communications), Salter Street Films, Cineplex Odeon Films and Phase 4 Films.

Lionsgate Studios also operates libraries featuring productions from several defunct studios, including: Trimark Pictures (acquired in 2000), Artisan Entertainment (acquired in 2003 and with it Vestron Pictures which Artisan acquired in 1991), Overture Films (the former feature film division of Starz Inc., which Lionsgate acquired in 2016), the library of Hearst's entertainment division, Tribune Entertainment (through Debmar-Mercury), American Zoetrope (distribution deal in 2010, with certain exceptions), Modern Entertainment (library acquired in 2005), the assets of The Weinstein Company and Dimension Films (post-2005 titles only; through its 18.9% stake in Spyglass Media Group).

Lionsgate Studios' complete ownership depends on various and/or specific global licensing.

Home Entertainment

Lionsgate Home Entertainment
Company type Division
Industry Home video
Predecessors
Founded1999;25 years ago (1999)
Headquarters
2700 Colorado Avenue, Santa Monica, California
,
U.S.
Area served
Worldwide
Products
ServicesFilm distribution
Parent Lionsgate Studios
Divisions
Website www.lionsgate.com

Lionsgate's movies have been released on DVD, Blu-ray and Ultra HD Blu-ray, as well as on the PSP through Universal Media Disc.

Early history

Audiovisual releases from or by Lions Gate were previously distributed by Universal Studios Home Video (now Universal Pictures Home Entertainment) and Columbia TriStar Home Video (now Sony Pictures Home Entertainment). Lions Gate Films would eventually create two home video labels: Avalanche Home Entertainment, which released smaller Canadian B-movies on video and DVD; and Sterling Home Entertainment (a joint venture with Scanbox International, a Danish film company), which released American low-budget movies on video and DVD in the late 1990s. In June 2000, Lions Gate bought Trimark Pictures and merged its in-house home video unit with those of Avalanche and Sterling to form Lions Gate Home Entertainment the following year, i.e. in 2001.

After the acquisition, Sterling Home Entertainment was then renamed Studio Home Entertainment, which later folded into Lionsgate. [2] Lions Gate bought Artisan Entertainment in 2003 and folded it into its Family Entertainment section of its Home Entertainment division the following year.

With a library of more than 8,000 films and although founded to distribute in-house productions, LGHE also previously distributed productions featuring Barbie from Mattel and Clifford the Big Red Dog from Scholastic Corporation, Stickin' Around videos from Nelvana and MGA Entertainment productions. [3] Lionsgate Home Entertainment also previously distributed videos from the home entertainment division of the Jim Henson Company [4] until 2012 when Henson signed a deal with Gaiam Vivendi Entertainment. With the acquisition of Artisan, LGHE also released the back catalog of ITC Entertainment until 2013, when ITC's successor-in-interest ITV Studios Global Entertainment signed a deal with Shout! Factory (now Shout! Studios).

In 2001, in Quebec it was renamed Crystal Films, and in Ontario and other provinces, Maple Pictures.

Further deals

In August 2001, Lions Gate Home Entertainment signed a deal with DIC Entertainment to distribute their back catalogue of animated titles on video and DVD in the United States, replacing DIC's long time partner Buena Vista Home Entertainment. [5] The partnership only lasted a year, as in 2003 DIC started to distribute their shows through the Sterling Entertainment Group (unrelated to the ex-Lionsgate subsidiary Sterling Home Entertainment) and later other distribution companies like Shout! Factory (now Shout! Studios), 20th Century Fox Home Entertainment (now 20th Century Home Entertainment) and NCircle Entertainment.

In 2008, Lionsgate Home Entertainment contracted with HIT Entertainment for DVD distribution in the US after its contract with 20th Century Fox Home Entertainment expired, [6] which ended in 2014 and got transferred to Universal Pictures Home Entertainment. [7]

On 4 August 2008, Lionsgate announced a deal with Walt Disney Studios Home Entertainment to acquire the distribution rights to several Touchstone Television/ABC Studios (now ABC Signature) shows including According to Jim , Reaper , Hope & Faith , 8 Simple Rules and Boy Meets World . [8]

In 2009, American Greetings struck a deal with Lionsgate to release its audiovisual content on DVD after its deal with 20th Century Fox Home Entertainment ended, [9] with the exception of Strawberry Shortcake , as it was a prior deal made in 2003 between 20th Century Fox and American Greetings.

Until 2012, Lionsgate also distributed most of the theatrical properties held by Republic Pictures on DVD under license from Paramount Pictures. The deal also expanded to include some non-marquee films originally released by Paramount themselves. Recently, with the folding of Republic, Lionsgate's function was transferred to Olive Films (and later Kino Lorber).

On 11 February 2011, Lionsgate and StudioCanal made an agreement to release 550 films from Miramax globally, replacing long time partner Walt Disney Studios Home Entertainment at the time when Miramax was owned by the Walt Disney Company. [10] It was transferred to Paramount Home Entertainment in April 2020 the acquisition of a 49% stake in Miramax by PHR's parent company Paramount Global (at the time known as ViacomCBS).

With Lionsgate acquiring Summit Entertainment in 2012, its home entertainment division took over its home video releasing rights.

On 8 December 2016, Lionsgate acquired Starz Inc., which includes the North American branches of Manga Entertainment and the first incarnation of Anchor Bay Entertainment. [11] Shortly after acquisition, Anchor Bay was folded into Lionsgate Home Entertainment and Manga is planned to be relaunched in the near future. [12] Anchor Bay Entertainment would be revived by co-founders of Umbrelic Entertainment, Thomas Zambeck and Brian Katz, on 15 February 2024 as a production company for "genre films, undiscovered treasures, cult classics and remastered catalog releases". [13] [14]

On 30 June 2021, Lionsgate's North American distribution deal with 20th Century Home Entertainment expired and was taken over Sony Pictures Home Entertainment s of 1 July 2021. [15]

After Lionsgate completed its acquisition of Entertainment One (eOne), now Lionsgate Canada, on 27 December 2023, its home entertainment division started distributing its physical releases worldwide.

Television

Lionsgate Television is the television arm of Lionsgate and Lionsgate Studios established in July 1997 and has produced such series as Nashville , Anger Management , The Dead Zone , 5ive Days to Midnight , Weeds , Nurse Jackie , Boss , Tyler Perry's House of Payne and Mad Men .

Lionsgate later acquired TV syndication firm Debmar-Mercury on 12 July 2006 [16] with CBS Media Ventures, at the time known as CBS Television Distribution, handling ad-sales, with the exception of Meet the Browns , which was rather co-distributed by Turner Television/Warner Bros. Domestic Television Distribution and Disney–ABC Domestic Television rather handling its ad-sales).

In March 2013, Lionsgate signed with Mars One, a Dutch nonprofit with space agency and aerospace backers intent on colonizing Mars, to produce a reality TV show. [17]

On 6 August 2018, Lionsgate signed a first-look television development agreement with Universal Music Group. [18]

With the acquisition of Entertainment One on 27 December 2023, Lionsgate restructured eOne's television assets and folded them into Lionsgate Television, creating in the process Lionsgate Alternative Television on 14 January 2024, which produces and distributes Lionsgate's unscripted television shows. [19]

Studio complexes

Lionsgate Studios Yonkers

On 5 September 2019, Great Point Capital Management signed a deal with Lionsgate to build a new production facility in Yonkers, New York, with Lionsgate becoming a long-term anchor tenant and investor. As the anchor tenant, Lionsgate will have naming rights to the studio. Construction on the site will start in November, and the facility will be running in late autumn 2020. The $100 million complex will include three 20,000-square-feet and two 10,000-square-feet stages, a fully operational back lot and the opportunity to create a location-based entertainment property.

The studio, will be built next to the former Otis Elevator Company building in Getty Square and is expected to provide 420 new jobs in Yonkers, the developers said. They received numerous tax breaks and exemptions to build the project. National Resources will be an investment partner and project developer, responsible for all phases of design and construction of the studio complex. [20]

On 8 April 2020, it was announced that the developers locked down $60 million in financing while the rest of the $40 million in the second phase of the project will be anchored by entertainment firm Lionsgate. [21]

Lionsgate Newark studio

In 2022, the city of Newark, New Jersey announced that a major new film and television production studio overlooking Weequahic Park and Weequahic Golf Course, Lionsgate Newark Studios would open in 2024 on the 15-acre former Seth Boyden housing projects site at 101 Center Terrace in the Dayton section of the city near Evergreen Cemetery. Lionsgate Newark will partner on public relations and community affairs with the New Jersey Performing Arts Center. [22] [23] [24]

Related Research Articles

Miramax, LLC, formerly known as Miramax Films, is an American independent film and television production and distribution company founded on December 19, 1979, by Harvey and Bob Weinstein, and based in Los Angeles, California. Today, it is owned by beIN Media Group and Paramount Global.

Dimension Films was an American independent film and television production and distribution label that was founded in 1992. Formally one of the American "mini-majors", Dimension produced and released independent films and genre titles; specifically horror and science fiction films.

Artisan Entertainment was an American film studio and home video company. It was considered one of the largest mini-major film studios until it was purchased by later mini-major film studio Lions Gate Entertainment in 2003. At the time of its acquisition, Artisan had a library of thousands of films developed through acquisition, original production, and production and distribution agreements. Its headquarters and private screening room were located in Santa Monica, California. It also had an office in Tribeca in Manhattan, New York.

Lionsgate Television is the television division of Lionsgate Studios, which is an American production company.

StudioCanal S.A.S. is a French film production and distribution company. The company is a subsidiary of the Canal+ Group, owned by Vivendi. As of May 2024 the company has 14 production companies in Europe and the US, and holds around 9,000 titles in its extensive film library.

Lions Gate Entertainment Corp. is a Canadian-American entertainment company currently headquartered in Santa Monica, California. Founded in Canada, it was founded by Frank Giustra on July 10, 1997, and domiciled in Vancouver, British Columbia.

Starz is an American premium cable and satellite television network owned by Lionsgate, and is the flagship property of parent subsidiary Starz Inc. Programming on Starz consists of theatrically released motion pictures and first-run original television series. Launched in 1994 as a multiplex service of Starz Encore, Starz operates six 24-hour, linear multiplex channels; a traditional subscription video on demand service; and a namesake over-the-top streaming platform that both acts as a TV Everywhere offering for Starz's linear television subscribers and is sold directly to streaming-only consumers.

<span class="mw-page-title-main">20th Century Home Entertainment</span> American home video distributor

20th Century Home Entertainment is a home video brand label of Walt Disney Studios Home Entertainment that distributes films produced by 20th Century Studios, Searchlight Pictures, and 20th Century Animation, and television series by 20th Television, Searchlight Television, 20th Television Animation, and FX Productions in home entertainment formats.

Sony Pictures Home Entertainment Inc. is the home entertainment distribution division of Sony Pictures Entertainment, a subsidiary of Sony.

<span class="mw-page-title-main">Walt Disney Studios Home Entertainment</span> The Walt Disney Companys home entertainment subsidiary

Buena Vista Home Entertainment, Inc., doing business as Walt Disney Studios Home Entertainment, is the home entertainment distribution arm of the Walt Disney Company. The division handles the distribution of Disney's films, television series, and other audiovisual content across several home media formats, such as Ultra HD Blu-ray, Blu-ray discs, DVDs, and digital media, under various brand labels around the world.

<span class="mw-page-title-main">Trimark Pictures</span> Defunct US film production and distribution company

Trimark Pictures was an American production company that specialized in the production and distribution of television and home video motion pictures. The company was formed in 1984 by Mark Amin as Vidmark Entertainment with Vidmark Inc. established as the holding company. As a small studio, Trimark produced and released theatrical, independent, television and home video motion pictures. The logo features a triangle with a profile of a tiger's head.

<span class="mw-page-title-main">Universal Pictures Home Entertainment</span> Home video distribution division of Universal Pictures

Universal Pictures Home Entertainment LLC is the home video distribution division of Universal Pictures, an American film studio, owned by NBCUniversal, which is owned by Comcast.

Lionsgate Films is a Canadian-American film production and film distribution studio founded in Canada in 1962. It is now a division of Lionsgate Studios and headquartered in Santa Monica.

<span class="mw-page-title-main">Maple Pictures</span> US film distribution company

Maple Pictures Corporation was a Canadian–American film distribution company founded on April 13, 2005 when Lionsgate demerged to two companies—Lions Gate Entertainment and Maple Pictures. Maple Pictures was the official distributor for Lionsgate's films and video library throughout Canada.

Starz Distribution, formerly IDT Entertainment and Starz Media is the distribution arm of Starz Inc., a subsidiary of Lionsgate, established in 2003. It develops, produces and acquires original programming content branded as Starz Originals, feature films and other audiovisual programming for distribution across television, home video and streaming media.

Debmar-Mercury is a television syndication company. A wholly-owned subsidiary of Lionsgate Studios, it was formed from a merger of Debmar Studios and Mercury Entertainment in 2005.

<span class="mw-page-title-main">Anchor Bay Entertainment</span> American home entertainment and production company

The revived Anchor Bay Entertainment is an American independent film production and distribution company owned by Umbrelic Entertainment co-founders Thomas Zambeck and Brian Katz. Anchor Bay Entertainment markets and releases "new release genre films, undiscovered treasures, cult classics, and remastered catalog releases".

<span class="mw-page-title-main">Alliance Films</span> Canadian motion picture distribution/production company

Alliance Films was a Canadian motion picture distribution and production company.

<span class="mw-page-title-main">Echo Bridge Home Entertainment</span>

Echo Bridge Entertainment was an American independent distribution company. It acquired and distributed feature films, scripted and non-scripted series, documentaries, and children's programming for home video, digital and television in the United States and throughout the world. Since its acquisition of Alliance Atlantis International Distribution and recent distribution partnerships with Miramax and ABC Disney/Buena Vista, Echo Bridge Entertainment had a combined portfolio of over 11,000 titles, including Degrassi: The Next Generation, until DHX Media acquired the family library in November 2014.

Starz Inc. is an American entertainment company and a subsidiary of Lionsgate. It is headquartered at Meridian, Colorado, and uses nearby Englewood as its location in corporate filings and press releases.

References

  1. Cobb, Kayla (14 May 2024). "Lionsgate Studios Starts Trading on Nasdaq as Split From Starz Continues". TheWrap . Retrieved 15 May 2024.
  2. Harris, Dana (24 October 2000). "VCL munches Danish distrib Scanbox". Variety . Archived from the original on 22 October 2021. Retrieved 22 October 2021.
  3. "Lionsgate, MGA Entertainment seal distribution deal". Business Of Cinema. 2 June 2008. Archived from the original on 8 July 2011. Retrieved 4 March 2011.
  4. "Jim Henson Company & Lionsgate ink home entertainment distribution deal". Business Of Cinema. 2 June 2008. Retrieved 4 March 2011.
  5. DeMott, Rick (17 June 2001). "DIC Teams With Lions Gate In Home Video Deal". Animation World Network . Archived from the original on 26 September 2021. Retrieved 26 September 2021.
  6. Arnold, Thomas K. (25 March 2008). "Lionsgate joins the HIT parade". The Hollywood Reporter . Archived from the original on 27 June 2020. Retrieved 26 September 2021.
  7. McLean, Thomas J. (2 May 2014). "HIT Taps Universal for Home Entertainment Distribution". Animation Magazine . Retrieved 7 May 2014.
  8. "Lionsgate to Distribute Select Disney Shows". Home Media Magazine. Archived from the original on 2 February 2009. Retrieved 17 November 2008.
  9. Suttel, Scott (7 January 2009). "Film company Lionsgate extends relationship with American Greetings" . Crains Cleveland. Retrieved 3 June 2010.
  10. "Lionsgate, Studiocanal and Miramax Enter Into Home Entertainment Distribution Agreements". Yahoo! Finance . 11 February 2011. Archived from the original on 16 February 2011. Retrieved 13 April 2011.
  11. Lieberman, David (8 December 2016). "Lionsgate Closes Deal To Buy Starz". Deadline Hollywood . Penske Media Corporation. Archived from the original on 9 December 2016. Retrieved 9 December 2016.
  12. "Manga". Manga. Archived from the original on 26 September 2021. Retrieved 26 September 2021.
  13. D'Alessandro, Anthony (15 February 2024). "Anchor Bay Entertainment Label Gets Revitalized; Sets 'Abruptio' & 'Dinner With Leatherface' As First Releases". Deadline Hollywood . Retrieved 17 February 2024.
  14. Navarro, Meagan (16 February 2024). "Anchor Bay Entertainment Label Resurrects with Puppet Horror 'Abruptio' and Doc 'Dinner with Leatherface'". Bloody Disgusting . Retrieved 17 February 2024.
  15. D'Allessaandro, Anthony (26 February 2021). "Lionsgate Teams with Sony in New Multi-Year Home Entertainment Pact". Deadline Hollywood . Archived from the original on 26 September 2021. Retrieved 26 September 2021.
  16. "Lionsgate Expands Into Television Syndication Business, Acquires Debmar-Mercury". Lionsgate . PR Newswire. 12 July 2006. Archived from the original on 30 June 2017. Retrieved 12 August 2015.
  17. Andreeva, Nellie (13 March 2014). "Mission To Colonize Mars To Become Reality TV Series - Deadline". Deadline Hollywood . Archived from the original on 29 June 2014. Retrieved 12 August 2015.
  18. Milman, Lilly (6 August 2018). "Lionsgate and Universal Music Sign Multi-Year Development Deal". Billboard . Archived from the original on 6 August 2018. Retrieved 3 June 2019.
  19. White, Peter (9 January 2024). "Lionsgate Alternative TV Launches With eOne Assets, Hires Dirk Hoogstra". Deadline Hollywood . Retrieved 8 June 2024.
  20. McNary, Dave (5 September 2019). "Lionsgate Planning $100 Million New York Studio Complex". Variety . Archived from the original on 5 December 2019. Retrieved 21 January 2020.
  21. "Developers of Lionsgate-anchored film studio lock down $60M in financing". The Real Deal. 8 April 2020. Archived from the original on 3 March 2021. Retrieved 3 November 2020.
  22. Tully, Tracey (17 May 2022). "$100 Million Film Studio to Rise from Rubble of Ex-Public Housing Site". The New York Times . Archived from the original on 20 May 2022. Retrieved 20 May 2022.
  23. "Lionsgate, Great Point Partner for Major New Jersey Studio Complex". 17 May 2022. Archived from the original on 20 May 2022. Retrieved 20 May 2022.
  24. Strunsky, Steve (17 May 2022). "Hollywood on Newark Bay? Officials say Lionsgate film & TV studio is coming to Brick City". New Jersey State Website. Archived from the original on 20 May 2022. Retrieved 20 May 2022.