Lionsgate Films Explained

Lionsgate Films
Type:Division
Former Name:Cinépix Film Properties (1962–1998)
Founders:John Dunning
Andre Link
Frank Giustra
Area Served:Worldwide
Industry:Motion pictures
Products:Motion pictures
Services:Film distribution
Parent:Lionsgate Studios
Divisions:Lionsgate Premiere
Subsid:
Foundation:
  • (as Cinépix)
  • (as Lionsgate Films)
Location City:Santa Monica, California
Location Country:U.S.

Lionsgate Films (formerly known as Cinépix Film Properties) is a Canadian-American[2] film production and distribution studio founded in Canada in 1962. It is now a division of Lionsgate Studios and headquartered in Santa Monica.

Lionsgate is the largest and most successful mini-major film studio in North America. The studio focuses on foreign and independent films and has distributed various commercially successful film franchises, including Saw, The Hunger Games, Rambo, Divergent, The Punisher, John Wick, Madea, Blair Witch, Now You See Me, Hostel, The Expendables, Sinister, The Twilight Saga and Step Up.

History

As Cinépix

Cinépix was founded by John Dunning and Andre Link in 1962.[3] Cinépix, based in Montreal, was a Canadian independent motion picture company that released English- and French-language films in Canada and the United States.[4]

Initially a distribution company, Cinépix's first production was the 1969 erotic drama Valérie, which earned $1 million at the box office.[5] Cinépix produced early work by David Cronenberg (Shivers) and Ivan Reitman (Meatballs).[6] The company also distributed art-house films including the grunge rock documentary Hype, Vincent Gallo's Buffalo '66, and .[7]

Cronenberg stated that "Cinépix was the Canadian version of Roger Corman" and "in a way they were modelling themselves after him and also some European producers as well".

From 1989 to 1994, Cinépix was partnered with Famous Players in C/FP Distribution, which was renamed Cinépix Film Properties (C/FP). In 1994, Cinépix bought Famous Players' stake in the organization.[8]

By 1997, Cinépix had a New York–based US distribution arm and owned 56 percent of Ciné-Groupe, an animated film production company.[7]

As Lionsgate Films

Lions Gate Entertainment Corporation (LGEC) was formed in 1997 by Frank Giustra, a banker.[9] LGEC purchased Cinépix and kept its leadership.[7] Cinépix was renamed Lions Gate Films on January 13, 1998.[10] LGEC also purchased the Vancouver-based North Shore Studios, which became Lions Gate Studios. In June 1998, LGE purchased International Movie Group, whose film library included Jean-Claude Van Damme's Kickboxer.[7]

Liongate's first major box office success was American Psycho in 2000, which began a trend of producing and distributing films too controversial for the major film studios.[11] Other notable films included Affliction (1998),[12] Gods and Monsters (1998),[13] Dogma (1999),[14] O (2001),[15] (2002), Open Water (2003), Saw (2004),[16] 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.[17]

Giustra left the firm in 2000. That same year, Jon Feltheimer became CEO and Michael Burns became vice chairman.[18] 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[7] and Artisan Entertainment in 2003.[19] The Trimark purchase also included CinemaNow, a broadband streaming website, where Lionsgate could feature its own movies.[7] These two purchases along with others gave Lions Gate a large DVD (and later Blu-Ray) library, which includes Total Recall, Reservoir Dogs, , Young Guns, Dirty Dancing and Apocalypse Now, in some cases via output deals with StudioCanal, American Zoetrope, and Miramax (most of them the result of prior licensing deals with Lions Gate's home video predecessor Artisan).

Lions Gate occasionally co-produces films with major studios. For example, Lions Gate teamed with Miramax Films for the 2004 sequel 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. Also in 2004, Lions Gate joined forces with United Artists in producing Hotel Rwanda.[20]

Further acquisitions

On August 1, 2005, Lions Gate Entertainment Corp acquired the entire library of Modern Entertainment.[21] [22] On October 17, 2005, Lionsgate acquired Redbus Film Distribution for $35 million[23] [24] and became Lionsgate UK on February 23, 2006.[25] [26] Following this, Zygi Kamasa, who co-founded Redbus with Simon Franks, became CEO of Lionsgate UK and Europe.

In 2006, Lions Gate Studios was acquired by Bosa Developments, and later reverted back to its original North Shore name.

In 2007, Joe Drake became Lionsgate's co-COO and motion picture group president.[27] Lionsgate cut back its annual production by four in February 2009.[28]

The Hunger Games grossed $68.3 million when it premiered at the US box office on March 23, 2012. At the time, 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.[29] In its first weekend, The Hunger Games grossed $152.5 million, making it Lionsgate's highest-grossing film after just three days.[30]

On January 13, 2012, Lions Gate Entertainment Corp acquired Summit Entertainment, the studio behind the Twilight and Step Up series for $412.5 million.[31] On May 3, 2012, Lionsgate Films made an agreement with CodeBlack Enterprises' CEO Jeff Clanagan to create CodeBlack Films, based at Lionsgate.[32] Drake left in 2012 to found Good Universe.[27]

On January 16, 2013, Lionsgate announced a low-budget film division to be led by John Sacchi. The division would release films under $2.5 million. Sacchi recently looked to acquire such films as Rock Bottom Creek (2012) and other independently made films as well.[33]

On November 22, 2013, Lions Gate released . 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.[34] 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%.[35] The third Hunger Games film, Mockingjay- Part 1, was released in 2014. The final film, 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.[36]

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.[37]

Drake returned in October 2017 as Lionsgate's film group chairman. The company laid off staff for theatrical marketing and publicity in its New York office, and moved to end its participation as a partner in CodeBlack Films in January 2019. The cut backs were due to the failures of Robin Hood, and the comedy The Spy Who Dumped Me.[27] In June 2019, Hulu and FX picked up show rights to Lionsgate films released in 2020 and 2021.[38]

In 2022, Adam Fogelson joined the Motion Picture Group as vice chair, after leaving STX Entertainment, reporting to Drake.[39]

Post-Spin-off

In December 2023, Lionsgate closed its acquisition of Entertainment One (now Lionsgate Canada), another Canadian-founded studio business.[40] In Spring 2024, Lionsgate's film and studio businesses (including Lionsgate Films) was spun-off into the newly formed Lionsgate Studios.[41] [42]

On June 17, 2024, it was announced that Lionsgate will distribute Francis Ford Coppola's independently made $120 million sci-fi epic Megalopolis in North America (albeit without a marketing deal) after almost every distribution company in the United States declined due to its unconventional storytelling being difficult to promote, with a release date for the film set on September 27, 2024.[43] [44] Lionsgate had previously partnered with Coppola for the re-releases of his past films such as The Conversation (1974), Apocalypse Now (1979), One from the Heart (1982) and The Cotton Club (1984).[43]

Film library

See main article: Lists of Lionsgate films.

Film series

TitleRelease dateNo. Films Notes
Les Boys1997–982Distribution only
American Psycho 2000–02
Cube2002–04Acquired from Trimark Pictures
Leprechaun2003–present3
Saw2004–present10
The Punisher2004–082Co-production with Valhalla Entertainment and Marvel Entertainment
Hostel2005–07Co-production with Screen Gems
Madea2005–1911Co-production with Tyler Perry Studios
Marvel Animated Features 2006–118Co-production with Marvel Entertainment and Marvel Animation
Happily N'Ever After2007–092
Why Did I Get Married?2007–102Co-production with Tyler Perry Studios
The Twilight Saga 2008–12 5Acquired from Summit Entertainment
Rambo2008–192
Alpha and Omega2010–17; TBA8
The Expendables2010–234
The Hunger Games 2012–present 5
Step Up2012–203Acquired from Summit Entertainment
Now You See Me2013–present2
Escape Plan2013–193
John Wick 2014–present 4
The Divergent Series2014–163
Sicario2015–present1 (2)Co-distributed with Sony Pictures Releasing
Norm of the North2016–204
Rock Dog2016–233First installment released through Summit Premiere
The Hitman's Bodyguard2017–present2
Detective Knight2022–233

Highest-grossing films

Highest-grossing films in North America
RankTitleYearBox office gross
12013$424,668,047
2The Hunger Games2012$408,010,692
32014$337,135,885
42010$300,531,751
52009$297,816,253
62012$292,324,737
72015$281,723,902
82011$281,287,133
9Twilight2008$192,769,854
102023$187,131,806
11The Day After Tomorrow2004$186,740,799
122019$171,015,687
132023$166,350,594
14Knives Out2019$165,359,751
15La La Land2016$151,101,803
16Divergent2014$150,947,895
17The Blair Witch Project1999$140,539,099
18Wonder2017$132,422,809
192015$130,179,072
20Fahrenheit 9/112004$119,114,517
21Now You See Me2013$117,723,989
22The Expendables2010$103,068,524
232017$92,029,184
24Madea Goes to Jail2009$90,508,336
25Red2010$90,380,162
Highest-grossing films worldwide
RankTitleYearBox office gross
12013$865,011,746
22012$848,593,948
32014$759,159,711
42011$712,205,856
52009$709,711,008
62010$698,491,347
7The Hunger Games2012$695,220,619
82015$661,456,867
9The Day After Tomorrow2004$552,639,571
10La La Land2016$471,991,358
112023$440,157,245
12Twilight2008$407,187,715
13Now You See Me2013$351,723,989
142023$337,371,917
15Now You See Me 22016$334,897,606
162019$328,349,908
17Wonder2017$315,025,930
18The Expendables 22012$314,975,955
19Knives Out2019$312,897,920
202015$297,002,527
21Divergent2014$288,885,818
22The Expendables2010$274,470,394
23The Blair Witch Project1999$248,639,099
24Fahrenheit 9/112004$222,446,882
25The Expendables 32014$214,657,577

Works cited

External links

Notes and References

  1. News: Lionsgate Partners With Execs At Film Initiative Targeting Global Local Markets. Lieberman. David. May 2, 2016. Deadline. en-US. November 1, 2016.
  2. Web site: LGE Company Snapshot . CorporateInformation . Wright Investors Service . October 5, 2011 . dead . https://web.archive.org/web/20120114201826/http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C124E5430 . January 14, 2012 .
  3. Web site: Andre Link & John Dunning — Feature Film: Maverick producer-distrib team scored at box office. Patricia . Bailey. April 24, 2019.
  4. Web site: John Dunning dies at 84. September 23, 2011. Variety. en. April 24, 2019.
  5. Web site: John Dunning, Canadian Film Pioneer, Dies at 84. The Hollywood Reporter. September 22, 2011. en. April 24, 2019.
  6. Web site: Canuxploitation Article: From Cinépix to Cineplex: The Studios that Dripped Maple Syrup. Philip . Beel. canuxploitation.com.
  7. Web site: Lions Gate Entertainment Corporation – Company History. Funding Universe. October 14, 2011.
  8. Web site: C/FP buy. Pamela. Cuthbert. playbackonline.ca.
  9. Web site: Lionsgate Reunites with Founder for TV Venture (Exclusive). The Hollywood Reporter. March 13, 2012. en. July 23, 2019.
  10. Web site: Cinepix Film morphs into Lions Gate Ent.. Roman. Monica. January 14, 1998. Variety. en. April 24, 2019.
  11. Book: Edgerton, Gary. Mad Men: Dream Come True TV. 2011. 12.
  12. Web site: Lions Gate gets 'Affliction' pic. Hindes. Andrew. April 17, 1998. Variety. en. July 23, 2019.
  13. Web site: Sir Ian McKellen Treats Acting as the Province of the 'Gods'. November 4, 1998. Los Angeles Times. en-US. July 23, 2019.
  14. Web site: 'Dogma' goes to Lions Gate. Jones. Oliver. September 9, 1999. Variety. en. July 23, 2019.
  15. Web site: Lions Gate Entertainment Corp., Form S-2/A. https://web.archive.org/web/20211009061211/https://www.sec.gov/Archives/edgar/data/929351/000095014803001317/v89413a1sv2za.htm. October 9, 2021.
  16. News: Original Saw film tipped for remake. Child. Ben. August 8, 2012. The Guardian. July 23, 2019. en-GB. 0261-3077.
  17. News: 'Hunger Games' to Pass Michael Moore's 'Fahrenheit 9/11' as Lionsgate's Top-Grossing Movie. The Hollywood Reporter. Gregg. Kilday. March 23, 2012.
  18. Web site: Lionsgate Vice-Chair Says Studio Needs to Get Bigger. McNary. Dave. September 13, 2018. Variety. en. July 23, 2019.
  19. News: Bates. James. Lions Gate to Buy Artisan Entertainment . March 3, 2013. Los Angeles Times. October 28, 2003.
  20. News: A man in the middle of madness. December 22, 2004. Los Angeles Times. April 12, 2019. en-US. 0458-3035.
  21. "Indiantelevision.com" Lions Gate Entertainment Corp acquires movies from Modern Entertainment indiantelevision.com, Retrieved on June 14, 2012
  22. News: Modern Entertainment sells titles to Lions Gate. March 3, 2013. L.A. Biz. July 14, 2005.
  23. Web site: Strategic Acquisition Enables Lions Gate to Self-Distribute in the UK and Adds to Company's Library and Pipeline . PRNewswire . October 18, 2005.
  24. Web site: Redbus - Sale of Redbus Film Distribution to Lions Gate Entertainment Corp . Slaughter and May . October 17, 2005 . August 15, 2012 . https://web.archive.org/web/20131224085556/http://www.slaughterandmay.com/news-and-recent-work/recent-work/recent-work-items/2005/redbus---sale-of-redbus-film-distribution-to-lions-gate-entertainment.aspx . December 24, 2013 . dead .
  25. News: Mitchell . Wendy . Redbus rebranded as Lionsgate UK . Screen Daily . February 23, 2006.
  26. News: Dawtrey . Adam . Redbus now Lionsgate . Variety . February 23, 2006 .
  27. News: Lang . Brent . Lionsgate Laying Off Staff, Ends Codeblack Films Partnership . January 23, 2019 . Variety . January 11, 2019 . en.
  28. News: Lions Gate, Relativity ink distribution deal. March 4, 2013. Seattle Times. April 27, 2009.
  29. News: McClintock . Pamela . Box Office Report: 'Hunger Games' Finishes Friday With Massive $68.3 Mil . . March 24, 2012.
  30. Web site: Lionsgate The Hunger Games Movies . March 19, 2014 . September 22, 2017.
  31. News: . Lions Gate acquires Summit Entertainment for $412.5 million . Fritz . Ben . January 13, 2012 .
  32. News: Etan . Vlessing . Hollywood Reporter . Lionsgate Pacts With CodeBlack CEO Jeff Clanagan . May 3, 2012 .
  33. News: Dave . McNary . Variety . January 16, 2013 . Lionsgate taps Sacchi to head even-lower budget films arm .
  34. Web site: Steinberg. Jacob. Hunger Games is a Huge Success, Yet Lions Gate Sells Off. November 27, 2013 . Seeking Alpha. November 28, 2013.
  35. Web site: The Hunger Games: Catching Fire (2013) . Rotten Tomatoes.
  36. Web site: Lionsgate Introduces Distribution Unit To Target Next-Gen Audiences. David. Lieberman. April 1, 2015. Deadline Hollywood.
  37. News: David . Lieberman . Deadine . May 2, 2016 . Lionsgate Partners With Execs At Film Initiative Targeting Global Local Markets .
  38. News: McNary. Dave. Lionsgate Pacts With Hulu, FX for Two-Year Output Deal. July 30, 2019. Variety. June 11, 2019. en.
  39. Web site: D'Alessandro. Anthony. July 25, 2022. STX's Adam Fogelson Heads To Lionsgate As New Motion Picture Group Vice Chair. May 9, 2023. Deadline. en-US.
  40. News: Goldsmith . Jill . December 27, 2023 . Lionsgate Closes Acquisition Of eOne From Hasbro . . December 27, 2023.
  41. News: Lionsgate Studios to Become a New Public Company, Splitting with Starz in SPAC Deal. Goldsmith. Jill. Deadline. December 22, 2023. January 16, 2024.
  42. News: Lionsgate to Spin Off Studio and 20,000-Title Library From Starz in $4.6B Deal. Vlessing. Etan. The Hollywood Reporter. December 22, 2023. January 20, 2024.
  43. News: Welk. Brian. Francis Ford Coppola's 'Megalopolis' to Be Released This September by Lionsgate. June 18, 2024. IndieWire. Penske Media Corporation. June 17, 2024.
  44. News: Couch. Aaron. Masters. Kim. How Francis Ford Coppola's Embattled 'Megalopolis' Finally Landed a Distributor. June 21, 2024. The Hollywood Reporter. Penske Media Corporation. June 20, 2024. Lionsgate, it appears, will not be paying for marketing. Instead, [Francis Ford] Coppola is expected to provide the spend himself..