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definition - Lions_Gate_Entertainment

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Lions Gate Entertainment

                   
Lions Gate Entertainment
Type Public company
Traded as NYSELGF
Industry Motion pictures, television programming, home video, family entertainment, Video on demand, digital distribution, music, & music publishing
Founded July 3, 1997 (July 3, 1997) (Vancouver, British Columbia as Lions Gate Films)
Founder(s) Frank Giustra
Headquarters Santa Monica, California, United States
Area served North America
United Kingdom
France
Australasia
Key people Jon Feltheimer
(Co-Chairman and CEO)
Michael Burns
(Vice chairman)
Steve Beeks
(President)
Revenue increaseUS$1.584 billion (FY 2011)[1]
Operating income increaseUS$62.5 million (FY 2011)[2]
Net income increaseUS$112 million (FY 2011)[1]
Total assets increaseUS$1.557 billion (FY 2011)[3]
Total equity increaseUS$53.559 million (FY 2011)[3]
Employees 486[4]
Subsidiaries Celestial Tiger Entertainment
Debmar-Mercury
Grindstone Entertainment Group
Lionsgate Films
Lionsgate Home Entertainment
Lionsgate Music & Publishing
Lionsgate Television
Mandate Pictures
Pantelion Films
Roadside Attractions
Summit Entertainment
TV Guide Network
Website www.lionsgate.com

Lions Gate Entertainment Corporation or Lionsgate (NYSELGF)[5], is a North American[6] entertainment company. The company was formed in Vancouver, British Columbia on July 3, 1997, and is headquartered in Santa Monica, California.[7][8] As of 2012, it is the most commercially successful independent film and television distribution company in North America and the third most profitable movie studio.[9]

Contents

  History

Lionsgate was originally known as IMI Computer Corp. on May 26, 1986 and later known as Beringer Gold Corp. Beringer Gold later was incorporated as Lions Gate Films under the Business Corporation Act in British Columbia and was founded on July 3, 1997 by Frank Giustra, a Canadian investment banker hoping to capitalize on the growing film industry in his home town.[10][11] The company bought a number of small production facilities and distributors, including Montreal-based Cinépix Film Properties (also known as Cinéxus-Famous Players Distribution), Trimark Pictures, Mandate Pictures and, most notably, Artisan Entertainment (which itself had formerly been LIVE Entertainment, and before that, Vestron Pictures).[12]

They had sold off their Canadian distribution rights to Maple Pictures, founded and co-owned by two former Lionsgate executives, Brad Pelman and Laurie May.[13] Recently, Lionsgate sold their subsidiary Maple Pictures to film distributor Alliance Films, which is based in Montreal, Quebec.

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. Other notable films included Affliction, Gods and Monsters, Dogma, Saw and the Michael Moore documentary Fahrenheit 9/11, which until the release of The Hunger Games in 2012, became the studio's highest grossing film.

Lionsgate had played a significant role in the co-financing and co-partnership with Relativity Media on its films until 2010 when the latter company split from its deal with Lionsgate to form its own self-distribution unit.

On August 1, 2005, Lions Gate Entertainment acquired the entire library of Modern Entertainment, the U.S. film division of the Swedish television company Modern Times Group.[14]

In 2006, Lionsgate acquired the American television production and syndication company Debmar-Mercury. This studio is recognized for its role in a number of daytime TV programs.

In 2007, Lionsgate bought a partial stake in independent film distribution company Roadside Attractions.[15]

Lionsgate, along with MGM and Paramount Pictures/Viacom, is also a co-owner of Epix, a new pay TV movie channel which debuted on October 30, 2009 on Verizon FiOS IPTV systems, that will rival HBO and Showtime.[16] Lionsgate also stated they would be starting work in music albums.[17]

The distribution of selected recent non-in-house films for pay-per-view and on-demand are under the supervision of NBCUniversal Television Distribution under Universal Pictures (Universal formally held home video and television rights to many of the early Lionsgate films), while all others (particularly the in-house films) are distributed for both cable and broadcast television through Lionsgate's syndicated division.

Lionsgate's library of movies and TV shows can be seen on digital platform Hulu.[18]

In January 2012, Lionsgate announced it was acquiring Summit Entertainment, producers of the Twilight Saga films, for $412.5 million.[19] The two companies have planned on merging since 2008.[20]

On March 23, 2012, the Lionsgate film "The Hunger Games" grossed $68.3 million at the Friday U.S. box office. It was the best opening day ever for a nonsequel and the fifth highest of all time. Of that total, $19.7 million was earned via Thursday midnight screenings.[21] In its first weekend, The Hunger Games grossed $152.5 million, making it Lionsgate's highest grossing film after just three days.

  Film distributor history

  Films

Aside from home video distribution of films sub-licensed from other studios, Lionsgate's library consists of films from the respective companies Lionsgate succeeded-in-interest, such as Producers Sales Organization, Vestron Pictures, and Artisan Entertainment, in addition to their in-house material. Their complete ownership depends on the worldwide regions of license.

  Television

Lionsgate Television produced such series as The Dead Zone, Five Days to Midnight, Weeds, Nurse Jackie, Boss, Tyler Perry's House of Payne and the Emmy Award-winning Mad Men. Lionsgate also recently acquired TV syndication firm Debmar-Mercury in 2006[23] with 20th Television handling ad-sales with the exception for Meet the Browns, as the ad-sales are handled by Disney-ABC Domestic Television and Turner Television co-distributing the series. Lionsgate also owns the TV Guide Network.

  Spin-off properties

The Lions Gate Studios property in Vancouver, British Columbia, Canada was sold to a private company, Bosa Developments, and is now called North Shore Studios, and no longer have an affiliation with Lionsgate Entertainment. In 2006, the company acquired land in Rio Rancho, New Mexico for construction of a new studio facility. The former Lionsgate office located in Toronto is now owned by Maple Pictures (basically the spiritual successor for the original Lions Gate), the distribution arm of Alliance Films, a major Canadian motion picture distribution/production company, resulting in Lions Gate's demerger into two companies, Lionsgate (the American company formerly known as Artisan) and Maple Pictures (the Canadian company formerly known as Lions Gate).

  Video

Lionsgate has a home video library of more than 13,000 films with all of the former Artisan Entertainment releases (many the result of output deals with other studios), including such titles as Dirty Dancing, Earth Girls are Easy, Army of One, Total Recall, On Golden Pond, and the Rambo series. Lionsgate also distributes select NBC programs such as Will & Grace, Little House on the Prairie and The Biggest Loser; Mattel's Barbie-branded videos and Clifford the Big Red Dog videos from the Scholastic Corporation and is also the current home video distributor of HiT Entertainment titles, including Barney & Friends, Thomas and Friends and Fraggle Rock.

Video properties currently owned by Lionsgate Home Entertainment include those from Family Home Entertainment, Vestron Video, Lightning Video (a former Vestron company), and Magnum Entertainment.

  Music publishing

Lionsgate possesses its own record label and music publishing company in the form of Lionsgate Music and Publishing. Lionsgate Music established a joint venture with music publishing company Wind-up Records.[24]

  See also

  References

  1. ^ a b "LGF Income Statement". Yahoo! Finance. Yahoo!. May 31, 2011. http://finance.yahoo.com/q/bs?s=LGF&annual. Retrieved April, 21. 
  2. ^ http://finance.yahoo.com/q/is?s=LGF+Income+Statement&annual
  3. ^ a b "LGF Balance Sheet". Yahoo! Finance. Yahoo!. March 31, 2010. http://finance.yahoo.com/q/bs?s=LGF&annual. Retrieved November 30, 2010. 
  4. ^ "LGF Profile". Yahoo! Finance. Yahoo!. http://finance.yahoo.com/q/pr?s=LGF+Profile. Retrieved November 30, 2010. 
  5. ^ "Lionsgate Entertainment Corp. Company Profile – Yahoo! Finance". Biz.yahoo.com. http://biz.yahoo.com/ic/57/57849.html. Retrieved October 8, 2010. 
  6. ^ "LGE Company Snapshot". CorporateInformation. Wright Investors Service. http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C124E5430. Retrieved October 5, 2011. 
  7. ^ "Lionsgate Investors". Lions Gate. http://www.lionsgate.com/investors/. Retrieved November 17, 2007. 
  8. ^ "Lionsgate" Lionsgate Investors http://investors.lionsgate.com "Retrieved on May 23, 2012"
  9. ^ "2011 Market Share and Box Office Results by Movie Studio". Box Office Mojo. http://www.boxofficemojo.com/studio/?view2=yearly&view=company&p=.htm. Retrieved October 10, 2011. 
  10. ^ http://finance.yahoo.com/news/lions-gate-reorganizes-operations-130023112.html
  11. ^ "Lionsgate" Lionsgate Investors http://investors.lionsgate.com "Retrieved on May 23, 2012"
  12. ^ "Lions Gate Entertainment Corporation – Company History". Funding Universe. http://www.fundinguniverse.com/company-histories/Lions-Gate-Entertainment-Corporation-Company-History.html. Retrieved October 14, 2011. 
  13. ^ "Lions Gate plants Maple in Canada » Playback". Playbackonline.ca. April 25, 2005. http://www.playbackonline.ca/articles/magazine/20050425/maple.html. Retrieved October 8, 2010. 
  14. ^ "Indiantelevision.com" Lions Gate Entertainment acquires movies from Modern Entertainment indiantelevision.com, Retrieved on June 14, 2012
  15. ^ "Lionsgate Stakes Claim in Roadside Attractions. – Free Online Library". Thefreelibrary.com. http://www.thefreelibrary.com/Lionsgate+Stakes+Claim+in+Roadside+Attractions-a0166820122. Retrieved October 8, 2010. 
  16. ^ Paramount, Lionsgate, MGM to Roar with New Premium Channel, Multichannel.com, April 20, 2008
  17. ^ "Lionsgate Music Promotes Lenny Wohl :: Film Music Magazine". Filmmusicmag.com. March 26, 2008. http://www.filmmusicmag.com/?p=7. Retrieved October 8, 2010. 
  18. ^ "Official Hulu Profile". Hulu.com. June 29, 2010. http://www.hulu.com/network/lionsgate. Retrieved October 8, 2010. 
  19. ^ It's Official: Lionsgate Has Acquired Summit Entertainment for $412.5 Million, ComingSoon.net, January 13, 2012. Retrieved January 13, 2012.
  20. ^ Waxman, Sharon, Lionsgate May Buy Summit, The Wrap, February 1, 2009. Retrieved August 22, 2010.
  21. ^ McClintock, Pamela, "[1]", "The Hollywood Reporter", March 24, 2012.
  22. ^ a b Vlessing, Etan (August 10, 2011). "Alliance Films Takes Maple Pictures From Lionsgate". The Hollywood Reporter. http://www.hollywoodreporter.com/news/alliance-films-takes-maple-pictures-221549. Retrieved September 26, 2011. 
  23. ^ Lionsgate Expands Into Television Syndication Business, Acquires Debmar-Mercury
  24. ^ http://www.prnewswire.com/news-releases/lionsgate-music-announces-signing-of-emily-osment-to-joint-venture-publishing-deal-78305447.html Lionsgate Music Announces Signing of Emily Osment to Joint Venture Publishing Deal

  Sources

  • Cook, David A. (2000). Lost Illusions: American Cinema in the Shadow of Watergate and Vietnam, 1970–1979 (Berkeley, Los Angeles, and London: University of California Press). ISBN 0-520-23265-8

  External links

   
               

 

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