Regulators said that Lionsgate failed in 2010 to properly disclose that a financing move it said would reduce debt was actually designed to help thwart activist investor Carl Icahn‘s takeover attempt. The company agreed to pay a $7.5M penalty which …
The CEO of Anonymous Content today let loose against Lakeshore Entertainment over its firing of him last year from the romantic drama Adaline. “There is no polite way to put it: Lakeshore tried to pull a fast one to avoid honoring its obligations to prominent film, television, and commercial producer [Steve] Golin in connection with the upcoming film Adaline, featuring Harrison Ford, Ellen Burstyn, and Blake Lively,” says the breach of contract and unjust enrichment complaint Golin filed today by in LA Superior Court (read it here). Golin and his Overt Operations claim that he is owed “no less than $450,000 and no more than $1,000,000” under a Loanout Agreement with Lakeshore as well as a hefty backend on the pic. The talent and management company boss also says he had no idea about a section of the agreement that seems to give Lakeshore the right to can him as they did. Requesting a jury trial, Golin, who is an EP on HBO’s True Detective among his many credits, and his company are seeking unspecified damages, proper credit and a change in the agreement plus legal costs and the usual “for such other and further relief as the Court deems proper and just” in the 5-claim complaint.
SANTA MONICA, Calif. and VANCOUVER, BC, March 11, 2014 — Lionsgate (NYSE: LGF), a leading global entertainment company, announced today that the global blockbuster Hunger Games franchise continued to gain momentum as The Hunger Games: Catching Fire sold an estimated 3.9 million DVD and Blu-ray units in its first weekend of North American release and had the biggest digital launch in the Company’s history with opening weekend digital sales increasing nearly 40% over the first Hunger Games film.
First deal out of SXSW today is Lionsgate‘s purchase of the North American rights for Eduardo Sanchez‘s Bigfoot feature Exists. Sanchez co-directed the 1999 microbudget title The Blair Witch Project for $60K, which then-distributor Artisan morphed into a worldwide phenom with close to $250 million at the box office. Below is Lionsgate’s release for the Jamie Nash-scripted Exists:
(Austin, TX & Santa Monica, CA, March 8, 2014) — Lionsgate (NYSE: LGF) has acquired North American distribution rights to EXISTS, a new horror film from THE BLAIR WITCH PROJECT director Eduardo Sánchez. The film played last night to a sold-out midnight screening at SXSW in Austin.
In Bigfoot’s bold return to the big screen, five friends on a camping weekend in the remote woods of East Texas struggle to survive against a legendary predator that is stronger, smarter, and more terrifying than anything they would have ever believed exists.
SANTA MONICA, CA, March 3, 2014 – As part of the continued expansion of its worldwide distribution infrastructure, Lionsgate (NYSE: LGF), a leading global entertainment company, has entered a multifaceted output agreement with fast-growing Leone Film Group in Italy covering feature films from its Lionsgate and Summit labels, the two companies announced today. Italy was one of the last remaining major territories not previously covered by one of the Company’s output arrangements. The agreement, which was finalized at the Berlin Film Festival, also includes Lionsgate’s exploration of worldwide promotional opportunities on a case by case basis with Leone’s Pacmedia promotional group.
EXCLUSIVE: The appetite for scripts and partially finished films is soaring. Lionsgate is tying up a deal today to pay $7 million to pre-buy U.S. distribution rights to American Ultra, the action comedy that begins shooting in New Orleans …
Erik Feig now shares the co-president title of Lionsgate Motion Picture Group with Steve Beeks, who continues as co-COO of Lionsgate. The long-term deal, terms of which were not disclosed, comes after the former head of production at Summit helped oversee a film slate that made more than $2.3 billion at the 2013 box office including The Hunger Games: Catching Fire and Now You See Me. Here’s today’s release:
SANTA MONICA, CA, February 25, 2014 – Motion picture executive Erik Feig has been promoted to Co-President of Lionsgate’s Motion Picture Group and has signed a new long-term agreement, the Company announced today. He oversees all aspects of feature film development and production for the Company’s Lionsgate and Summit film labels.
The Company’s feature film slate generated more than $2.3 billion at the global box office in 2013, led by the second film of Lionsgate’s blockbuster Hunger Games franchise, The Hunger Games: Catching Fire, the 10th highest-grossing film of all time at the domestic box office, and Summit’s sleeper hit Now You See Me, which grossed more than $350 million worldwide.
“Erik has assembled a tremendous production slate over the past two years, and he will be a critical, innovative and disruptive part of our future as we continue to evolve as a next generation global content leader,” said Lionsgate Chief Executive Officer Jon Feltheimer.
Shooting on the follow-up to last year’s sleeper hit Now You See Me will take place in the U.S., Europe, and Asia “to capitalize on the property’s international appeal, with most of the original cast returning, and some exciting new additions,” Lionsgate CEO Jon Feltheimer told analysts this morning in a call to discuss the company’s fiscal Q3 earnings. He added later that execs “absolutely see it as a franchise. We’re going to add some cast to it. We see it as an ongoing situation.” Execs pushed the theme of Lionsgate as an incubator for franchises; Feltheimer says the company has “an ability to assemble and mine the richest and most diverse portfolios of [intellectual property] in the industry.” He considers upcoming films Gods Of Egypt, Chaos Walking, and Mordecai (“a character that Johnny Depp loves,” he says) as “potential franchises — later adding The Last Witch Hunter with Vin Diesel to the list plus “another one we hope to announce shortly.” Speaking of franchises, the CEO said that timetable for the Hunger Games series remains “unchanged” — with releases planned for late November this year and next — following the death of actor Philip Seymour Hoffman. “We’re fortunate to have his incredible talent grace our Hunger Games family,” Feltheimer says. “We send our deepest condolences to all who were close to him.” The CEO also talked up the Divergent series, noting that the studio is “gearing up to begin shooting Insurgent, the second film in the franchise, this summer in order to make our March 2015 release date.”
Lionsgate Issues Statement On Philip Seymour Hoffman’s Death; ‘Hunger Games: Mockingjay’ Role Had Been Mostly Filmed
The studio behind The Hunger Games franchise which introduced the late Philip Seymour Hoffman as Plutarch Heavensbee in last year’s Catching Fire has released a statement on the actor’s passing: “Philip Seymour Hoffman was a singular talent and one of the most gifted actors of our generation. We’re very fortunate that he graced our Hunger Games family. Losing him in his prime is a tragedy, and we send our deepest condolences to Philip’s family.”
Related: Philip Seymour Hoffman Dead At 46 Of Apparent Overdose
We’re hearing Hoffman had completed the majority of his work on Lionsgate‘s The Hunger Games: Mockingjay Parts 1 & 2 prior to his sudden death Sunday morning. He had seven days of filming to go before wrapping Mockingjay Part 2, but there’s no word yet on what Lionsgate plans to do to make up for that remaining week Hoffman was supposed to film. The role is a significant one that increases in stature following Plutarch’s introduction in Catching Fire, in which the new Head Gamemaker shares brief encounters with Katniss and is seen pulling strings for the Capital behind the scenes. In the subsequent Mockingjay novel which Lionsgate has split into two films, Plutarch plays a key role in the resistance.
The stock’s up 5.8% in afternoon trading after Piper Jaffray analyst James Marsh said that social media buzz around Divergent – the sci-fi action film that premieres on March 21 — is tracking ahead of the patterns for …