This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

LIONSGATE AND ALLIANCE FILMS ESTABLISH LONG-TERM OUTPUT DEAL IN SPAIN

Stocks in this article: LGF

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.

(Logo: http://photos.prnewswire.com/prnh/20110919/LA70620LOGO)

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.

ABOUT LIONSGATE

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs