Sept. 17, 2012
/PRNewswire/ -- Celestial Tiger Entertainment (CTE), one of
's largest vertically integrated independent entertainment companies, announced today that it has expanded its content distribution business with Lionsgate (NYSE: LGF), a leading global entertainment company, to cover all of
. In addition to representing Lionsgate exclusively in
, CTE will now be distributing all Lionsgate television content as well as Lionsgate's vast library of feature films to
Since the formation of CTE, the company's licensing team, led by Executive Vice President
, has concluded numerous licensing deals such as all-rights deals (including theatrical rights) for Lionsgate and Summit Entertainment's upcoming feature films
The Hunger Games: Catching Fire
in Southeast Asia.
The licensing team also concluded several deals earlier this year for Video On Demand (VOD) rights with major platforms in
including iQIYI, Sohu, YOU On Demand and Youku. These deals greatly expanded the presence of Lionsgate's library in
, tapping into a burgeoning online video market valued at over
2 billion RMB
"Our licensing business in
has grown exponentially this past year and we are excited to now represent Lionsgate's fantastic slate of television programs as well as Lionsgate's prolific library, including Lionsgate and Summit Entertainment titles, in all of
, CTE's Executive Vice President, Content Sales and Distribution.
Lionsgate is a leading global entertainment company with a strong and diversified presence in motion picture and television program production and distribution, and investments in various entertainment businesses including a stake in Celestial Tiger Entertainment. With the recent acquisition of Summit Entertainment, Lionsgate now brings together two leading young adult franchises - the blockbuster
The Hunger Games
, which have grossed more than
at the worldwide box office respectively. Lionsgate also produces some of the most critically-acclaimed television series, including the multiple Emmy© Award-winning
, and the new series
, which achieved the highest ratings for a scripted comedy series in cable history when it premiered in the U.S. this past June.
Celestial Tiger EntertainmentT: 852 2239 6131E:
About Celestial Tiger Entertainment
CELESTIAL TIGER ENTERTAINMENT (CTE) is a diversified media company dedicated to entertaining audiences in
and beyond. The company focuses on the operation of branded pay television channels, content creation and content distribution targeted at Asian consumers.
CTE operates a powerful bouquet of distinct pay television channels including: CELESTIAL MOVIES, the most broadly distributed 24-hour Chinese and Asian movies channel in the world; CELESTIAL CLASSIC MOVIES, the gateway to an unparalleled array of Chinese movie masterpieces; CELESTIAL MOVIES ON DEMAND, Celestial's subscription Video On Demand service; KIX, the ultimate in action entertainment; Thrill,
's only horror and suspense movie channel; and KIX HD, featuring the best of action with a late-night dose of thrillers in high definition.
As one of
's largest vertically integrated independent entertainment companies, CTE produces original content which complements its channels business. CTE is also the exclusive sales agent for
studio Lionsgate in
, and represents Lionsgate's television content and vast feature film library in
and Korea as well.
, CTE is a joint venture among Saban Capital Group, a leading private investment firm specializing in the media, entertainment and communications industries; Celestial Pictures, a major Asian entertainment company wholly-owned by Astro, the owner and operator of the leading DTH platform in
; and Lionsgate, the world's largest independent filmed entertainment studio.
SOURCE Celestial Tiger Entertainment