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TheStreet Open House

LIONSGATE AND STUDIOCANAL ANNOUNCE EXPANDED LONG-TERM OUTPUT AGREEMENT IN GERMANY

Stocks in this article: LGF

BERLIN and SANTA MONICA, Calif., July 7, 2014 /PRNewswire/ -- Lionsgate (NYSE: LGF), the premier next generation global content leader, has expanded its partnership with European media giant Studiocanal for the distribution of Lionsgate feature films in Germany, Austria and Switzerland, the two companies announced today. The announcement was made by Studiocanal CEO & Chairman Olivier Courson, Studiocanal Germany CEO Rodolphe Buet and Lionsgate Motion Picture Group Co-Chairs Patrick Wachsberger and Rob Friedman and Lionsgate International COO Andrew Kramer.

Courtesy of Studiocanal

The new output deal with Studiocanal will launch an upcoming film slate that encompasses the next two installments of the global blockbuster Hunger Games franchise, The Hunger Games: Mockingjay -- Parts 1 & 2, starring Academy Award winner Jennifer Lawrence, Josh Hutcherson, Liam Hemsworth and Woody Harrelson; the action comedy Mortdecai, starring Johnny Depp, Gwyneth Paltrow and Ewan McGregor; and the eagerly-anticipated live action Power Rangers franchise. Mockingjay 1 will usher in the new deal with its November 20, 2014 release in Germany.

Lionsgate's feature film slate will also be the centerpiece of Studiocanal Germany's new multiyear agreement with the ProSiebenSat.1 Group under which ProSieben has licensed exclusive TV rights to Lionsgate feature films for its free TV channels in Germany, Austria and German-speaking Switzerland.

"We're delighted to expand our partnership with Patrick, Rob, Andrew and the rest of the Lionsgate team that has brought us the blockbuster Hunger Games franchise and a steady pipeline of some of the most commercially exciting films in the world," said Buet. "We couldn't wish for better partners, and we expect Lionsgate's slate to have tremendous resonance for our audiences in the years to come."

"Studiocanal was a major contributor to The Hunger Games franchise's evolution into a global phenomenon, and we're delighted to expand our productive long-term partnership with our friends at Studiocanal and ProSieben," said Wachsberger and Friedman.  "Thanks to their efforts, Catching Fire more than doubled the box office performance of the first Hunger Games film in Germany, and we're proud to partner with them in continuing to grow the franchise and bringing our strongest theatrical slate ever to German audiences."

The agreement was negotiated by Studiocanal EVP Business & Legal Affairs Alexandra Bauermeister and Lionsgate EVP International Business & Legal Affairs Maitreya Yasuda.

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