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Entertainment news, celebrities lifestyle |
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Lionsgate
Lionsgate's President: Steve Beeks; CEO: Jon Feltheimer; Vice Chairman: Michael Burns Divisions Motion picture: Lionsgate Films Music: Lionsgate Records Television: Lionsgate Television and Debmar-Mercury Studios: Lionsgate Studios Video: Lions Gate Home Entertainment and Family Home Entertainment Based in Canada, Lionsgate studio properties also are rented to other film studios including the filming of the Warner Brothers film, “Catwoman.” In 2006, the company acquired land in Rio Rancho, New Mexico for construction of a new studio facility. Lionsgate has a home video library of more than 8,000 films (many the result of output deals with other studios), including such titles as ''Dirty Dancing,'' ''Joshua Tree'' (1993), ''Total Recall,'' ''On Golden Pond'' and the ''Rambo'' series. Lionsgate also distributes ''Will & Grace'' and other NBC programs, Mattel's Barbie-branded videos and Clifford the Big Red Dog videos from the Scholastic Corp. The company, founded in 1976 by director Robert Altman, was named after the bridge of the same name that crosses the narrows of Burrard Inlet in Vancouver, British Columbia, Canada. Lionsgate Films is a production-distribution company, a subsidiary of Lionsgate Entertainment. It is currently one of the largest independent film distributors in North America. It focuses mainly on foreign and independent films, and is known for distributing controversial films like ''Fahrenheit 9/11'' and ''American Psycho.'' In some cases, films which are distributed by Lionsgate theatrically will have their DVDs distributed by other studios. Among Lionsgate's first films were ''3 Women'' (1977) and ''A Wedding'' (1979). In 1981, Altman sold the company to Jonathan Taplin. During much of the 1990s, the company was known as Cinepix Film Properties Inc. In 1997, the renovation of Lionsgate was initiated by Frank Giustra, a Vancouver investment banker hoping to capitalize on the growing film industry in the city. The company bought a number of small production facilities and distributors. Its first success was ''American Psycho,'' which began a trend of producing and distributing films far too controversial for the major American studios. Other successes included ''Affliction,'' ''Gods and Monsters,'' Dogma,'' and the Michael Moore documentary ''Fahrenheit 9/11,'' which turned out to be the studio's highest grossing film. In 2000, Guistra left the firm and it was taken over by Jon Feltheimer and Micheal Burns. They decided to focus on the profits of videos and DVDs and began buying struggling firms that controlled large libraries. The two most notable acquisitions were Trimark Pictures Inc. and Artisan Entertainment. These two, along with other firms, gave Lionsgate the second largest DVD library of any company, including ''Total Recall,'' ''Reservoir Dogs,'' ''On Golden Pond,'' ''Young Guns,'' ''Dirty Dancing'' and ''It's a Wonderful Life,'' in some cases via output deals with Studio Canal, ITC/Carlton, and Republic Pictures (the result of prior licensing deals with Lionsgate's home video predecessor Artisan). Very rarely does Lionsgate co-produce films with major studios. For example, Lionsgate (through then-subsidiary Artisan) teamed with Miramax Films for the 2004 sequel ''Dirty Dancing: Havana Nights'' and with Paramount Pictures for 2002's ''Narc'' and 2004's ''The Prince & Me.'' Lionsgate was also a silent partner in 20th Century Fox's 2004 sci-fi film ''The Day After Tomorrow.'' In 2004, Lions Gate joined forces with independent rival United Artists in producing ''Hotel Rwanda.'' Lionsgate also has a television division that has made shows such as ''The Dead Zone.'' The company also recently has launched a record label. Other notable films include ''Crash'' (the studio's first film to receive the Academy Award for Best Picture), ''Lord of War,'' and ''Saw 2.'' Another recent franchise is Tyler Perry's ''Diary of a Mad Black Woman'' and ''Madea's Family Reunion,'' which was the first film of 2006 to be the #1 Movie in America for two weeks in a row. In 2005, Lionsgate's Canadian distribution business was sold to Maple Pictures, a company founded by two former Lionsgate executives. This year, Lionsgate acquired UK-based distributor Redbus Films, renaming the company Lionsgate UK. Lionsgate has recently undergone an agreement with WWE Films to distribute movies such as ''See No Evil'' and ''The Condemned.'' Lionsgate maintains high profit margins by not financing many films they release. Instead, it either co-produces films with producing partners or acquires rights to the film at festivals, as was the case with ''Saw,'' ''Cabin Fever,'' and ''Open Water.'' Lionsgate began to self-distribute its titles on home video after acquiring Trimark Pictures and its in-house home video division, allowing them to end a home video distribution agreement with Universal. After the purchase of Artisan Entertainment, whose home video distribution was handled by Fox, Lionsgate picked up Fox as a home-video distributor. Lionsgate has chosen to distribute exclusively in Blu-ray Disc/BD format. In 2007, the company announced the inclusion of its film and television show library to be added to the iTunes Store catalogue. The same year, the company reached an agreement with Reeltime Rentals Inc. to provide pay-per-view content over a streaming peer-to-peer network. Lionsgate Television produced such series as ''The Dead Zone'' and ''Five Days to Midnight.'' Lions Gate also recently acquired TV syndication firm Debmar-Mercury. © Preems.com |
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Lionsgate
Entertainment Corporation is an entertainment company which originated
in Vancouver, British Columbia, Canada, and now is headquartered
in Santa Monica, California. It is the most commercially-successful
independent film and television distribution company outside the
United States. Lionsgate named as LGF at New York Stock Exchange.
