Santa Monica, CA, November 10, 2011 – LIONSGATE and Alcon Entertainment have agreed to co-finance the Lionsgate feature WHAT TO EXPECT WHEN YOU’RE EXPECTING. The two companies will be equally sharing the production and marketing costs on the film. The announcement was made jointly by Lionsgate’s Co-COO and Motion Picture Group President, Joe Drake, with Andrew Kosove and Broderick Johnson, the Co-Founders and Co-CEO’s of Alcon Entertainment. WHAT TO EXPECT WHEN YOU’RE EXPECTING is scheduled for release on May 11, 2012.
WHAT TO EXPECT WHEN YOU’RE EXPECTING will be Alcon’s first investment outside of Warner Bros., where Alcon has a long-standing distribution relationship. Alcon’s participation as “passive financiers” of the project signifies the Company’s strategy to generate additional film output, and as such Johnson and Kosove will not take producer credits
Said Drake of the partnership, “This co-financing deal is ideal for both of us because it aligns our interests; there is a true sharing of risk capital including P&A on films that we both see great value in making. This deal provides a way for Lionsgate to pursue risk mitigation while allowing Alcon to have broader access to commercial content beyond the product they develop themselves.”
Broderick Johnson and Andrew Kosove said jointly, “We are very excited to be investing in this terrific project. We have immense respect for the many business successes Lionsgate has had throughout their history.”
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