CANNES, France and SANTA MONICA, Calif., May 18, 2012 /PRNewswire/ -- Following on the heels of Lionsgate's (NYSE: LGF) recent acquisition of Summit Entertainment, Lionsgate and Nordisk Film have concluded a new multiyear output agreement in which feature films from both Lionsgate and Summit will be distributed by Nordisk in Scandinavia. The agreement extends Nordisk's existing output arrangement with Summit to encompass the entire Lionsgate family of feature films and was announced today at the Cannes Film Festival by Lionsgate Motion Picture Group Co-Chairs Patrick Wachsberger and Rob Friedman and Peter Philipsen, General Manager of independent Films at Nordisk Film.
"We are proud to extend Summit's longstanding relationship with the team at Nordisk Film to include both the Lionsgate and Summit brands in Scandinavia, a natural evolution of our historic partnership that promises significant benefits for both partners," said Wachsberger and Friedman. "The recent merger of Lionsgate and Summit allows us to bring a dramatically expanded portfolio of product to our distribution partners around the world and enables us to achieve significant economies of scale and an even higher level of consistency and predictability in our global business."
"We're delighted to extend and expand our productive relationship with Patrick, Rob and the entire Lionsgate team," said Philipsen. "The new agreement provides us with a stable and assured pipeline of some of the most commercially exciting films in the world from a studio that is emerging as a major force in the global marketplace. Our history with Summit has been very rewarding, and we look forward to an exciting future in partnership with the entire Lionsgate family."The upcoming Lionsgate Summit combined slate includes such releases as Lionsgate's CATCHING FIRE, the next installment in THE HUNGER GAMES global blockbuster franchise, Sam Raimi's THE POSSESSION, THE LAST STAND, starring Arnold Schwarzenegger, and the new DIRTY DANCING film as well as Summit's THE TWILIGHT SAGA: BREAKING DAWN Part 2, the fifth installment in a franchise that has already grossed more than $2.5 billion worldwide, STEP UP REVOLUTION, THE IMPOSSIBLE, RED 2, NOW YOU SEE ME and THE TOMB, pairing Arnold Schwarzenegger and Sylvester Stallone.