SANTA MONICA, Calif.
April 3, 2014
/PRNewswire/ -- Lionsgate (NYSE: LGF), a leading global entertainment company, has announced that it has entered a new and expanded multiyear output agreement with Tele Munchen Group (TMG) covering the distribution of its Summit label films in
in all media, the two companies announced today. The expanded agreement was negotiated in
and closed in anticipation of the release of Summit's eagerly-anticipated box office #1 action adventure film
and will include other promising tentpole titles such as
The Last Witch Hunter
Gods of Egypt
, director Alex Proyas' epic re-envisioning of mythical ancient
, as well as the sequel to last year's global sleeper hit
Now You See Me
, which grossed more than
at the worldwide box office.
"We're delighted to elevate our long-standing partnership with TMG to the next level and expand and fortify our relationship with a pipeline loaded with potential franchises and star-driven branded properties," said Lionsgate Motion Picture Group Co-Chairmen
"Having been an early investor in Lionsgate when
re-launched the company in 1999, I am pleased that our strong and longstanding relationships with both Summit and Lionsgate have now come full circle. We are excited to extend and expand our multifaceted relationship with the entire Lionsgate team," said TMG Chairman
Herbert G. Kloiber
. "Lionsgate has emerged as a powerful creative force in the global marketplace, and we look forward to a consistent supply of commercially attractive pictures that we expect to resonate with German-speaking moviegoers for years to come."
The extension follows six years of TMG-Summit output agreements which covered
The Twilight Saga
pictures and continues to expand Lionsgate's global distribution infrastructure comprised of output deals covering 80% of the world's movie-going population outside
, a thriving self-distribution operation in the U.K., the 50/50 IDC joint venture serving
and Lionsgate's partnership in the Celestial Tiger platform serving
and Southeast Asia. Films from the Lionsgate label will continue to be distributed through Studio Canal in
Lionsgate is a leading global entertainment company with a strong and diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales. Lionsgate currently has 34 television shows on 22 networks spanning its primetime production, distribution and syndication businesses, including such critically-acclaimed hits as the multiple Emmy Award-winning
, the comedy
, the network series
, the syndication success
The Wendy Williams Show
and the critically-acclaimed series
Orange is the New Black.
Its feature film business has been fueled by such recent successes as the blockbuster first two installments of
The Hunger Games
The Hunger Games
The Hunger Games: Catching Fire
, the first installment of the
Now You See Me
Kevin Hart: Let Me Explain
The Expendables 2
, Roadside Attractions'
and Pantelion Films' breakout hit
Instructions Not Included
, the highest-grossing Spanish-language film ever released in the U.S.
Lionsgate's home entertainment business is an industry leader in box office-to-DVD and box office-to-VOD revenue conversion rate. Lionsgate handles a prestigious and prolific library of approximately 15,000 motion picture and television titles that is an important source of recurring revenue and serves as the foundation for the growth of the Company's core businesses. The Lionsgate and Summit brands remain synonymous with original, daring, quality entertainment in markets around the world.