Profile: Lions Gate Entertainment Corp (LGF.N)
Lions Gate Entertainment Corp. (Lionsgate), incorporated on April 28, 1997, is a global entertainment company with a diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales. During the fiscal year ended March 31, 2013 (fiscal 2013), Lionsgate released 20 motion pictures theatrically, which includes both Lionsgate and Summit Entertainment, LLC (Summit) films developed and produced in-house, films co-developed and co-produced and films acquired from third parties. In June 2013, CBS Corp acquired TV Guide Digital, which includes the TVGuide.com and TV Guide Mobile properties from the Company. In September 2013, Lions Gate Entertainment Corp announced that it has acquired North American distribution rights to the film, Frankie & Alice.
The Company’s television business consists of the development, production, syndication and distribution of television productions. It produces, syndicates and distributes 28 television shows, which air on 20 networks and distribute approximately 280 series worldwide. The Company distributes its library of approximately 15,000 motion picture titles and television episodes and programs directly to retailers, rental kiosks, through various digital media platforms, joint ventures, and pay and free television channels in the United States , the United Kingdom and Ireland, and indirectly to other international markets through its subsidiaries and various third parties.
The motion picture industry is generally consists of two business segments: production and distribution. Production consists of greenlighting and financing motion pictures, as well as the development of a screenplay, the actual filming activities and post-filming editing/post-production process. The production team attempts to produce films with disciplined budgets that have commercial potential. In general, its production division first reviews hundreds of scripts and original intellectual property, looking for material that will attract top talent (primarily actors and directors). The Company develop a small number of such scripts, working with the talent agencies and producers to recruit talent that appeals to the film's target audience. The Company’s often develop films in targeted niche markets in which can achieve a sustainable competitive advantage, as evidenced by the successes of its young-adult films, including the Twilight series and The Hunger Games, its horror films, and its urban films, including the Tyler Perry franchise.
The Company’s television business consists of the development, production, syndication and distribution of television programs. It licenses its television productions to the domestic cable, free and pay television markets, as well as through various digital platforms. In fiscal 2013, the Company produced seven television shows, aired original programming on 6 networks and distributed over 280 series worldwide. Domestic television programming may include one-hour and half-hour scripted and reality programming. In fiscal 2013, the Company produced episodes of domestic television programming: episodes of the sixth season of Mad Men, a one-hour drama for AMC; 13 episodes of the eighth season of Weeds, a half-hour comedy for Showtime; 10 episodes of the fifth season of Nurse Jackie, a half-hour comedy for Showtime; eight episodes of the first season of Orange is the New Black, a half-hour comedy for Netflix; 16 episodes of the first season of Nashville, a one-hour drama for ABC; 10 episodes of the second season of Boss, a one-hour drama for Starz; 27 episodes of Anger Management, a half-hour comedy for FX; 16 episodes of Flea Market Flip, a reality series for HGTV, and four episodes of Iceberg Hunters, a reality series for The Weather Channel.
In May 2013, ABC announced that it had renewed Nashville, a steamy drama about love, country music, family, politics and sex, set in the buckle of the Bible belt starring Connie Britton and Hayden Panettiere, for a second season. In April 2013, the Company announced that FX had ordered Saint George, a new sitcom starring George Lopez. The sitcom was ordered under its 10/90 model, mirroring its other syndicated series including Anger Management, House of Payne, Meet the Browns and Are We There Yet?, wherein the first 10 episodes were ordered and, in success, FX will automatically pick up an additional 90 episodes. In March 2013, ABC Family announced that it has ordered a series for the project titled Chasing Life, a pilot produced for ABC Family under its television joint venture with Groupo Televisa, S.A.B. (Televisa).
The Company is from time to time, involved in the development, acquisition, production and distribution of animation projects for full theatrical release, television and DVD release. Additionally, the Comapny began production on Tyler Perry's first animated project, Tyler Perry's Madea's Kids, which will bring Tyler Perry's most famous characters, including Madea, into animation for the first time. A second 26 half-hour season of the adventure series was ordered and has been delivered to Nickelodeon. The second season was produced and financed by Toonz Entertainment. It retains domestic home entertainment distribution rights for this series.
The Company’s music department creatively oversees music for its theatrical and television slates, as well as the music needs of other areas within its company. Unlike music publishers, whose revenue has historically been dependent upon royalties generated by record sales, its publishing revenue derives primarily from performance royalties generated by the theatrical exhibition of its films and the television broadcast of its productions. In April 2013, the Company entered into a global agreement with Warner/Chappell for the publishing and master recording rights to portions of its library of music from its film and television shows. Warner/Chappell acquired rights to numerous titles, and formed a co-publishing partnership with them for the remaining works.
Music released for the Company's theatrical slate includes overseeing songs, scores and soundtracks for all of its productions, co-productions and acquisitions. In fiscal 2013, the soundtrack, The Hunger Games Song from District 12 and Beyond, was certified platinum, selling over one million albums worldwide. On the soundtrack, the single Safe & Sound by Taylor Swift, sold over 1.5 million units worldwide and Eyes Open, a second song by Taylor Swift, sold over 1.2 million units worldwide. The soundtrack received three Grammy nominations, taking home a win for Best Song Written for Visual Media (for Safe & Sound). Further, the score album The Hunger Games: Music from the Motion Picture, by composer James Newton Howard and released through Republic Records, has sold over 57,000 units worldwide.
Additionally, the Company released, through its label partner, Atlantic Records, the soundtrack The Twilight Saga: Breaking Dawn - Part 2, which has sold over 471,000 units worldwide. Notably, the first single from The Twilight Saga: Breaking Dawn - Part 1, It Will Rain, by Bruno Mars, has sold over 5.6 million units worldwide. The score album, Twilight Saga: Breaking Dawn - Part 2 (Original Motion Picture Score), has also sold over 40,000 units worldwide.
The Company released soundtracks for Step Up Revolution (Interscope Records), What To Expect When You're Expecting (Capitol Records), The Cabin in The Woods (Varese Records) and Safe (Back Lot Music) and, through its subsidiary, Lions Gate Records, the soundtracks for The Impossible (domestically), The Perks of Being a Wallflower (score album), Expendables 2, The Possession and score albums for The Last Stand and Warm Bodies (both through a joint venture with Red River Entertainment).
Music released for the Comapny's television slate includes overseeing music staffing, scores and soundtracks for all of its television productions. In fiscal 2013, the Company released the original soundtrack to Nashville through Big Machine Records, which was produced by Lionsgate and ABC Studios. The soundtrack debuted at number one on the soundtrack charts during its first week of release and, to date, over 1.8 million digital tracks and 90,000 albums have been downloaded, and over 250,000 albums have been purchased. On May 7, 2013, The Music of Nashville (Season 1, Volume 2) was released through Big Machine Records with original music from the second half of season one of Nashville, featuring more music from the original cast.
The Company released, in February 2013, An Eighth of the Best: Music from Weeds Season 8 as an eight track digital download bundle of music from the final season of Weeds, including the series closer by Rilo Kiley, and, in March 2013, with Mood Media Entertainment, a Target exclusive score record for Mad Men entitled Mad Men: Night Cap, featuring music from the original series as well as two new extended arrangements by Mad Men composer David Carbonara. Additionally, in April 2013, in association with Lakeshore Records, the Company released an original soundtrack for Boss, which featured a collaboration of Satan Your Kingdom Must Come Down between Robert Plant and Boss composer Brian Reitzell, as well as featured guest musicians Jim James, Daniel Lopatin, members of the band Air and others. The Company has recorded an original main title song with singer-songwriter Regina Spektor for Orange is the New Black, which is set to premiere on Netflix in summer 2013.
The Company competes with Paramount Pictures, Sony, Twentieth Century Fox, Universal Pictures, Walt Disney Studios ,Warner Bros., DreamWorks Animation SKG, Relativity Media, The Weinstein Company and MGM.
Lions Gate Entertainment Corp
2700 COLORADO AVENUE
SANTA MONICA CA 90404
Company Web Links
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