Lionsgate Films

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Lionsgate Films
Division
Industry Motion Pictures
Predecessor Trimark Pictures
Artisan Entertainment
Founded January 12, 1997; 21 years ago (1997-01-12)
Vancouver, British Columbia, Canada
Founders John Dunning
Andre Link
Frank Giustra
Headquarters Santa Monica, California, U.S.
Area served
Worldwide
Key people
Patrick Wachsberger (Co-Chairman)
Rob Friedman (Co-Chairman)
Products Motion Pictures
Parent Lionsgate
Divisions Lionsgate Premiere
Subsidiaries Globalgate Entertainment[1]
Grindstone Entertainment Group
Pantelion Films (50%)
Roadside Attractions (45%)
Summit Entertainment
Codeblack Films
Good Universe
Website www.lionsgate.com/movies/

Lionsgate Films is an American[2] film production and distribution studio as well as a flagship division of Lionsgate. It is the largest and most successful mini-major film studio globally. It focus on independent films and has distributed various commercially successful film series, including The Twilight Saga and Step Up (both partially, via the firm's 2012 acquisition of two franchise's distributor Summit Entertainment; the latter has distributed by Disney's Touchstone Pictures since its first film), The Hunger Games, Rambo, Divergent, The Punisher (prior to Marvel Studios acquiring its rights back in 2013), John Wick, Saw, Hostel, The Expendables, Sinister, Madea, Blair Witch, and Now You See Me.

History[edit]

Lions Gate Films[edit]

Lions Gate Entertainment Corporation (LGEC) was formed in the summer of 1997 by Jonathan Mardikian, a banker who had dabbled in feature film financing. on January 12, 1997. LGEC also purchased the Vancouver-based North Shore Studios, which became Lions Gate Studios.[3] In June 1998, LGE purchased International Movie Group, whose film library included Jean-Claude Van Damme's Kickboxer.[3]

Its first major box office success was American Psycho in 2000, which began a trend of producing and distributing films too controversial for the major American studios, including Lolita (1997). Other notable films included Affliction (1998), Gods and Monsters (1998),[3] Dogma (1999), American Psycho (2000), Cube 2: Hypercube (2002), Open Water (2003), Saw (2004), The Punisher (2004) and the Michael Moore documentary Fahrenheit 9/11 (2004), which had been the studio's highest-grossing film until the release of The Hunger Games in 2012.[4]

In 2000, Giustra left the firm and it was taken over by Jon Feltheimer and Tom Ortenberg. 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 Holdings (650 titles) in 2000[3] and Artisan Entertainment in 2003.[5] The Trimark purchase also included CinemaNow, a broadband streaming website, where Lionsgate could feature its own movies.[3] These two along with other firms gave Lions Gate the second largest DVD library of any company, which includes Total Recall, Reservoir Dogs, On Golden Pond, Young Guns, Dirty Dancing and It's a Wonderful Life, in some cases via output deals with StudioCanal, ITC/Carlton, and Republic Pictures (the result of prior licensing deals with Lions Gate's home video predecessor Artisan).[citation needed]

Lions Gate occasionally co-produces films with major studios. For example, Lions Gate 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 which was given a studio credit. Lions Gate was also a silent partner in 20th Century Fox's 2004 sci-fi film The Day After Tomorrow. And also in 2004, for the first time ever, Lions Gate joined forces with independent rival United Artists in producing Hotel Rwanda.[citation needed]

On August 1, 2005, Lions Gate Entertainment Corp acquired the entire library of Modern Entertainment.[6][7] On October 17, 2005, Lionsgate acquired Redbus Film Distribution for $35 million[8][9] and became Lionsgate UK on February 23, 2006.[10][11] Following this, Zygi Kamasa, who co-founded Redbus with Simon Franks, became CEO of Lionsgate UK and Europe.

Lionsgate cut back its annual production by four in February 2009.[12]

The Lionsgate film The Hunger Games grossed $68.3 million when it premiered at the U.S. box office on March 23, 2012. It was the best opening day ever for a non-sequel and the fifth highest of all time. Of that total, $19.7 million was earned via Thursday midnight screenings.[13] In its first weekend, The Hunger Games grossed $152.5 million, making it Lionsgate's highest-grossing film after just three days.[14]

On January 13, 2012, Lions Gate Entertainment Corp acquired Summit Entertainment, the studio behind the Twilight and Step Up franchises for $412.5 million.[15] On May 3, 2012, Lionsgate Films made an agreement with CodeBlack Enterprises' CEO Jeff Clanagan to create CodeBlack Films, based at Lionsgate.[16]

On January 16, 2013, Lionsgate announced a low-budget film division to be led by John Sacchi. The division will release films under $2.5 million. Sacchi has recently looked to acquire such films as Rock Bottom Creek (2012) and other independently made films as well.[17] On Thursday, November 22, 2013, Lions Gate released The Hunger Games: Catching Fire. In its opening weekend, the movie grossed $158 million at the US box office, surpassing its predecessor, which generated $150 million in its opening weekend.[18] The film had a budget of $130 million, breaking even soon after its opening, and making it profitable. Critics highly praised the film; it received a Rotten Tomatoes rating of 89% "certified fresh".[19] The third film in the Hunger Games franchise, Mockingjay- Part 1, was released in 2014. The final film of the franchise, Mockingjay - Part 2, was released in 2015.

On April 1, 2015, according to Deadline, Lions Gate announced it has created its new label, Lionsgate Premiere. This new label will handle up to 15 releases a year, targeting young audiences at theaters and digital outlets. The new label, part of the company’s diversification effort, will incorporate Lionsgate and Summit Entertainment titles and then specialize in “innovative multiplatform and other release strategies” to reach “affinity audiences with branded content and targeted marketing.” Marketing and Research SVP Jean McDowell will handle marketing, with distribution to be run by Adam Sorensen, who currently manages Western Sales.[20]

On May 2, 2016, according to Deadline Hollywood, Lions Gate announced it has teaming with eight international companies to launch the GlobalGate Entertainment consortium. GlobalGate will produce and distribute local-language films in markets around the world. Lionsgate said Monday it has partnered with international entertainment executives Paul Presburger, William Pfeiffer and Clifford Werber to launch GlobalGate.[21]

Film distributor history[edit]

Highest-grossing films[edit]

Rank Title Year Domestic gross Notes
1 The Hunger Games: Catching Fire 2013 $424,668,047
2 The Hunger Games 2012 $408,010,692
3 The Hunger Games: Mockingjay – Part 1 2014 $337,135,885
4 The Twilight Saga: Breaking Dawn – Part 2 2012 $292,324,737 Distributed by Summit Entertainment.
5 The Hunger Games: Mockingjay – Part 2 2015 $281,723,902
6 The Day After Tomorrow 2004 $186,740,799 Released by 20th Century Fox Film Corporation.
7 La La Land 2016 $151,101,803 Distributed by Summit Entertainment.
8 Divergent 2014 $150,947,895 Distributed by Summit Entertainment.
9 Wonder 2017 $131,721,894
10 The Divergent Series: Insurgent 2015 $130,179,072 Distributed by Summit Entertainment.

References[edit]

  1. ^ Lieberman, David (2016-05-02). "Lionsgate Partners With Execs At Film Initiative Targeting Global Local Markets". Deadline. Retrieved 2016-11-01. 
  2. ^ "LGE Company Snapshot". CorporateInformation. Wright Investors Service. Archived from the original on January 14, 2012. Retrieved October 5, 2011. 
  3. ^ a b c d e "Lions Gate Entertainment Corporation – Company History". Funding Universe. Retrieved October 14, 2011. 
  4. ^ Kilday, Gregg (March 23, 2012). "'Hunger Games' to Pass Michael Moore's 'Fahrenheit 9/11' as Lionsgate's Top-Grossing Movie". The Hollywood Reporter. 
  5. ^ Bates, James (October 28, 2003). "Lions Gate to Buy Artisan Entertainment". Los Angeles Times. Retrieved 3 March 2013. 
  6. ^ "Indiantelevision.com" Lions Gate Entertainment Corp acquires movies from Modern Entertainment indiantelevision.com, Retrieved on June 14, 2012
  7. ^ "Modern Entertainment sells titles to Lions Gate". L.A. Biz. July 14, 2005. Retrieved 3 March 2013. 
  8. ^ "Strategic Acquisition Enables Lions Gate to Self-Distribute in the UK and Adds to Company's Library and Pipeline". PRNewswire. October 18, 2005. 
  9. ^ "Redbus - Sale of Redbus Film Distribution to Lions Gate Entertainment Corp". Slaughter and May. October 17, 2005. 
  10. ^ Mitchell, Wendy (February 23, 2006). "Redbus rebranded as Lionsgate UK". Screen Daily. 
  11. ^ Dawtrey, Adam (February 23, 2006). "Redbus now Lionsgate". Variety. 
  12. ^ "Lions Gate, Relativity ink distribution deal". Seattle Times. April 27, 2009. Retrieved 4 March 2013. 
  13. ^ McClintock, Pamela (March 24, 2012). "Box Office Report: 'Hunger Games' Finishes Friday With Massive $68.3 Mil". The Hollywood Reporter. 
  14. ^ "Lionsgate The Hunger Games Movies". Retrieved September 22, 2017. 
  15. ^ Fritz, Ben (January 13, 2012). "Lions Gate acquires Summit Entertainment for $412.5 million". Los Angeles Times. 
  16. ^ Vlessing, Etan (May 3, 2012). "Lionsgate Pacts With CodeBlack CEO Jeff Clanagan". Hollywood Reporter. 
  17. ^ McNary, Dave (January 16, 2013). "Lionsgate taps Sacchi to head even-lower budget films arm". Variety. 
  18. ^ Steinberg, Jacob. "Hunger Games is a Huge Success, Yet Lions Gate Sells Off". Seeking Alpha. Retrieved 28 November 2013. 
  19. ^ "The Hunger Games: Catching Fire (2013)". Rotten Tomatoes. 
  20. ^ Lieberman, David (1 April 2015). "Lionsgate Introduces Distribution Unit To Target Next-Gen Audiences". Deadline Hollywood. 
  21. ^ Lieberman, David (May 2, 2016). "Lionsgate Partners With Execs At Film Initiative Targeting Global Local Markets". Deadine. 
  22. ^ a b Vlessing, Etan (August 10, 2011). "Alliance Films Takes Maple Pictures From Lionsgate". The Hollywood Reporter. Retrieved September 26, 2011. 
  23. ^ "The Street" LIONSGATE AND NORDISK FILM CONCLUDE LONG-TERM OUTPUT DEAL thestreet.com, Retrieved on June 19, 2012
  24. ^ The Hunger Games: Catching Fire only

External links[edit]