Lions Gate Entertainment Corp.
) recently announced a new multiyear Output agreement with Nordisk
Film. The deal is an extension of the prior agreement between
Nordisk and Summit, which Lions Gate recently acquired. Nordisk
will now distribute titles of both Summit Entertainment and Lions
Gate in Scandinavia.
Summit Entertainment, the maker of the 'Twilight' series, was
acquired for $412.5 million to supplement Lions Gate's production
and distribution capacity. The company constantly seeks strategic
acquisitions and alliances to enhance its competitive position,
maximize return and build a diversified portfolio for future
Lions Gate's crown jewel is its library of approximately 13,000
motion picture titles, television episodes and programs. Therefore,
the acquisition will not only build on its distribution
capabilities, but will also expand its stock of feature film and
home entertainment offerings.
Earlier, Lions Gate entered into a television partnership with
Thunderbird Films to produce programs in a cost effective manner,
and facilitate the ongoing diversification of its television
business. Both Lions Gate and Thunderbird Films remain highly
enthusiastic about their partnership, which encompasses many
exciting projects in its periphery.
Founded in 1986 and headquartered in Vancouver, Canada, Lions
Gate Entertainment Corporation (LGF) is a film studio, producing
and distributing motion pictures for theatrical and
straight-to-video release, and television programming for the cable
and broadcast networks.
To grab its share of box office receipts, Lions Gate competes
with other major studios, such as Fox Entertainment Group,
Paramount Motion Pictures Group and
Time Warner Inc
Lions Gate retains a Zacks #2 Rank that translates into a Buy
rating over the next 1-3 months, reflecting the strategic endeavors
undertaken by the company to put itself on the right path.
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