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
TheStreet Open House

IDC PARTNERSHIP IN LATIN AMERICA EXPANDED TO ENCOMPASS LIONSGATE TITLES

Stocks in this article: LGF

SANTA MONICA, Calif., Sept. 24, 2012 /PRNewswire/ -- Following its January 2012 acquisition of Summit Entertainment, Lionsgate (NYSE:LGF), a leading global entertainment company, announced today that it has expanded its partnership with IDC, a joint venture between Summit and NuVision founder Pedro Rodriguez, to encompass distribution of Lionsgate titles in Latin America as well.  IDC has been distributing Summit titles in Latin America since 2005.  

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

(Logo: http://photos.prnewswire.com/prnh/20120924/LA79463LOGO)

"As we continue to build our distribution network around the world, we're customizing different approaches to the different territories in which we operate," said Lionsgate Motion Picture Group Co-Chairs Patrick Wachsberger and Rob Friedman. "In Latin America we are building upon Summit's longstanding venture with Pedro Rodriguez and his team at IDC, who have unparalleled expertise in the region.  IDC's results for our Summit titles in the past have been outstanding and the quality of its distribution first class.  By adding our own Lionsgate films and expanding our partnership with IDC, we believe that we can replicate the success we have achieved through self-distribution in the United Kingdom."

"I have worked closely with Patrick, Rob and the rest of their team on the TWILIGHT franchise and other Summit films and we're thrilled to expand our venture to encompass Lionsgate product as well," said Rodriguez.  "Lionsgate has emerged as a major force in the global marketplace, and we're pleased to have a pipeline of some of the most commercially exciting films in the world to bring to our audiences throughout Latin America."

Under terms of the new agreement, Lionsgate International Television will handle the sale of television, SVOD, VOD and EST rights to Lionsgate, Summit and third-party product throughout Latin America. 

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

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