SANTA MONICA, Calif. and COPENHAGEN, Denmark, May 6, 2014 /PRNewswire/ -- On the heels of the successful launch of Divergent in Scandinavia, Lionsgate (NYSE: LGF), a leading global entertainment company, has entered a new and expanded multiyear output deal with longstanding partner Nordisk Film in Scandinavia, the two companies announced today.
The agreement encompasses a powerful pipeline of upcoming Lionsgate and Summit titles including the next two installments of the global blockbuster The Hunger Games franchise ( The Hunger Games: Mockingjay Parts 1 & 2), which has already generated more than $1.5 billion at the worldwide box office, the next three films in the recently-launched Divergent franchise ( Insurgent, Allegiant Parts 1 & 2), Now You See Me 2, the sequel to last year's sleeper smash that grossed more than $350 million worldwide, the potential tentpole Gods of Egypt , currently filming in Australia, and the crime thriller Child 44, based on the best-selling novel by Tom Rob Smith, produced by Ridley Scott and directed by Daniel Espinosa.
"Lionsgate and Summit have enjoyed a tremendous relationship with Nordisk over the years, partnering on nearly 200 films, including the launch of the Twilight, Hunger Games and Divergent franchises," said Lionsgate Motion Picture Group Co-Chairs Patrick Wachsberger and Rob Friedman. "We're delighted to celebrate the renewal of our output deal with our strongest and most diverse slate ever, and we look forward to expanding our partnership with Nordisk on the production front as well."
"Lionsgate has emerged as a powerful creative force in the global marketplace, and their slate is loaded with tentpole franchises, strong brands and star-driven event films with breakout commercial potential," said Peter Philipsen, Nordisk Film's General Manager, Independent Films. "We look forward to working with Patrick, Rob, Andrew and the rest of the Lionsgate team to elevate our longstanding partnership to the next level, and we expect Lionsgate's impressive portfolio of films to have tremendous resonance for our audiences in the years to come." Kenneth Wiberg, President Nordisk Film Distribution adds " This expanded deal with Lionsgate will combined with our strong local product portfolio bring Nordisk Film in a unique market position which will benefit both our companies tremendously in the coming years".Lionsgate has created a global distribution infrastructure that includes output deals with blue-chip partners in major territories encompassing 80% of the world's movie-going population outside China and India; a highly successful self-distribution business in the U.K.; the IDC joint venture serving Latin America; and the Company's partnership in the Celestial Tiger platform serving China and Southeast Asia. ABOUT LIONSGATE 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 Mad Men and Nurse Jackie, the comedy Anger Management, the network series Nashville , 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 franchise, The Hunger Games and The Hunger Games: Catching Fire, the first installment of the Divergent franchise, Now You See Me, Kevin Hart: Let Me Explain, Warm Bodies, The Expendables 2, The Possession, Sinister, Roadside Attractions' Mud 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.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts