Lionsgate Studios Corp
Lionsgate Studios | |
Company type | Public |
Nasdaq: LION | |
Predecessors |
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Founded | May 14, 2024 |
Headquarters | 2700 Colorado Avenue, Chairman and CEO) |
Owner | Lionsgate (87.2%) |
Divisions |
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Subsidiaries | |
Website | investors |
Lionsgate Studios Corp. (also known as Lionsgate Studios Corporation), doing business as Lionsgate Studios, is an American film and television production and distribution company formed after the spin-off of Lionsgate's film and TV business in May 2024.[1]
Lionsgate Studios' portfolio of companies includes Entertainment One, Summit Entertainment, 3 Arts Entertainment, Amblin Partners and Pilgrim Media Group.
Background
In December 2023,
The company was launched on May 14, 2024, and it has been trading on Nasdaq via the stock symbol LION. Lionsgate will remain the controlling shareholder, owning around 87 percent of Lionsgate Studios following the split. Former president of Walt Disney Pictures, Sean Bailey, was hired as a chairman and chief executive officer of Lionsgate Studios.
Films
Aside from home video distribution of films sub-licensed from other studios, Lionsgate Studios' library consists of its own in-house productions, as well as films from
Home Entertainment
Parent Lionsgate Studios | | |
Divisions |
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Website | www |
Lionsgate's movies have been released on DVD, Blu-ray and Ultra HD Blu-ray, as well as on the PSP through Universal Media Disc.
Early history
Lions Gate's video releases were previously distributed by
After the acquisition, Sterling Home Entertainment was then renamed to Studio Home Entertainment, which later on folded itself into Lionsgate.[2] In 2003, Lions Gate purchased Artisan Entertainment; it would fold into Lions Gate in 2004.
Its library of more than 8,000 films owes some of its size to output deals with other studios. Mainly concerned with the distribution of the Lions Gate film library, it also distributed
In 2001, in Quebec it was renamed Crystal Films, and in Ontario and other provinces, Maple Pictures.[citation needed]
Further deals
In August 2001, Lions Gate Home Entertainment signed a deal with
In 2008, Lionsgate Home Entertainment contracted with
On August 4, 2008, Lionsgate announced that it had completed a deal with
In 2009, American Greetings struck a deal with Lionsgate to release AG content on DVD after its deal with 20th Century Fox Home Entertainment ended.[9] Though an exception was made with Strawberry Shortcake, of which it remained with Fox, as it was a prior deal made in 2003 where American Greetings signed a deal with Fox to distribute the franchise.
Until 2012, Lionsgate also distributed most of the theatrical properties held by Republic Pictures on DVD under license from Paramount Pictures. The deal also expanded to include some non-marquee films originally released by Paramount themselves. Recently, with the folding of Republic, Lionsgate's function was transferred to Olive Films (and later Kino Lorber).
In February 2011, Lionsgate and
In 2012, LGHE started distributing Summit Entertainment releases on DVD and Blu-ray as a result of Lionsgate acquiring that company.
Recent history
On December 8, 2016, Lionsgate acquired Starz Inc. making Lionsgate the parent company of the North American branches of Anchor Bay Entertainment and Manga Entertainment.[11] The former was folded into Lionsgate Home Entertainment shortly after the buyout and the latter is planned to be relaunched in the near future.[12]
On June 30, 2021, Lionsgate's distribution deal with 20th Century Home Entertainment expired, and Sony Pictures Home Entertainment began exclusively distributing Lionsgate's releases in North America as of July 1, 2021.[13]
After the completion of Lionsgate's acquisition of eOne on December 27, 2023, LGHE started distributing eOne's physical releases worldwide.
Studio complexes
Lionsgate Studios Yonkers
On September 5, 2019, Great Point Capital Management signed a deal with Lionsgate to build a new production facility in Yonkers, New York, with Lionsgate becoming a long-term anchor tenant and investor. As the anchor tenant, Lionsgate will have naming rights to the studio. Construction on the site will start in November, and the facility will be running in late autumn 2020. The $100 million complex will include three 20,000-square-feet and two 10,000-square-feet stages, a fully operational back lot and the opportunity to create a location-based entertainment property.
The studio, will be built next to the former Otis Elevator Company building in Getty Square and is expected to provide 420 new jobs in Yonkers, the developers said. They received numerous tax breaks and exemptions to build the project. National Resources will be an investment partner and project developer, responsible for all phases of design and construction of the studio complex.[14]
On April 8, 2020, it was announced that the developers locked down $60 million in financing while the rest of the $40 million in the second phase of the project will be anchored by entertainment firm Lionsgate.[15]
Lionsgate Newark studio
In 2022, the city of
Television
.Lionsgate later acquired TV syndication firm
In March 2013, Lionsgate signed with Mars One (a Dutch nonprofit with space agency and aerospace backers intent on colonizing Mars) to produce a reality TV show.[20]
In August 2018, Lionsgate signed a first-look television development agreement with Universal Music Group.[21]
References
- ^ Cobb, Kayla (2024-05-14). "Lionsgate Studios Starts Trading on Nasdaq as Split From Starz Continues". TheWrap. Retrieved 2024-05-15.
- ^ Harris, Dana (2000-10-24). "VCL munches Danish distrib Scanbox". Variety. Archived from the original on October 22, 2021. Retrieved 2021-10-22.
- ^ "Lionsgate, MGA Entertainment seal distribution deal :: Businessofcinema.com". Archived from the original on July 8, 2011. Retrieved March 4, 2011.
- ^ "Jim Henson Company & Lionsgate ink home entertainment distribution deal :: Businessofcinema.com". Archived from the original on July 8, 2011. Retrieved March 4, 2011.
- ^ "DIC Teams With Lions Gate In Home Video Deal". Animation World Network. Archived from the original on September 26, 2021. Retrieved September 26, 2021.
- ^ Arnold, Thomas K. (March 25, 2008). "Lionsgate joins the HIT parade". The Hollywood Reporter. Archived from the original on June 27, 2020. Retrieved September 26, 2021.
- ^ McLean, Thomas J. (2 May 2014). "HIT Taps Universal for Home Entertainment Distribution". Animation Magazine. Retrieved 7 May 2014.
- ^ "Lionsgate to Distribute Select Disney Shows | homemediamagazine.com". Archived from the original on February 2, 2009. Retrieved November 17, 2008.
- ^ "Film company Lionsgate extends relationship with American Greetings". January 7, 2009.
- ^ "Lionsgate, Studiocanal and Miramax Enter Into Home Entertainment Distribution Agreements". Yahoo! Finance. February 11, 2011.
- ^ Lieberman, David (December 8, 2016). "Lionsgate Closes Deal To Buy Starz". Deadline. Archived from the original on December 9, 2016. Retrieved December 9, 2016.
- ^ "Manga". www.manga.com. Archived from the original on September 26, 2021. Retrieved September 26, 2021.
- ^ "Lionsgate Teams with Sony in New Multi-Year Home Entertainment Pact". February 26, 2021. Archived from the original on September 26, 2021. Retrieved September 26, 2021.
- ^ "Lionsgate Planning $100 Million New York Studio Complex". Variety. 5 September 2019. Archived from the original on December 5, 2019. Retrieved January 21, 2020.
- ^ "Developers of Lionsgate-anchored film studio lock down $60M in financing". The Real Deal. 8 April 2020. Archived from the original on March 3, 2021. Retrieved November 3, 2020.
- ^ Tully, Tracey (May 17, 2022). "$100 Million Film Studio to Rise from Rubble of Ex-Public Housing Site". The New York Times. Archived from the original on May 20, 2022. Retrieved May 20, 2022.
- ^ "Lionsgate, Great Point Partner for Major New Jersey Studio Complex". May 17, 2022. Archived from the original on May 20, 2022. Retrieved May 20, 2022.
- ^ "Hollywood on Newark Bay? Officials say Lionsgate film & TV studio is coming to Brick City". May 17, 2022. Archived from the original on May 20, 2022. Retrieved May 20, 2022.
- ^ Lionsgate (July 12, 2006). "Lionsgate Expands Into Television Syndication Business, Acquires Debmar-Mercury". Archived from the original on June 30, 2017. Retrieved August 12, 2015.
- ^ Andreeva, Nellie (2014-03-13). "Mission To Colonize Mars To Become Reality TV Series - Deadline". Deadline Hollywood. Archived from the original on June 29, 2014. Retrieved 2015-08-12.
- ^ Milman, Lilly (2018-08-06). "Lionsgate and Universal Music Sign Multi-Year Development Deal". Billboard. Archived from the original on August 6, 2018. Retrieved 2019-06-03.