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“Lions Gate” redirects here. For the bridge in Vancouver, Canada, see Lions' Gate Bridge.
Lions Gate Entertainment Corporation, doing business as Lionsgate, (NYSE: LGF) is an entertainment company, based in Santa Monica, California. As of 2007, it is the most commercially-successful independent film and television distribution company in the United States. In 2003, the company bought the assets of Artisan Entertainment, which was best known for the release of The Blair Witch Project in 1999.
In 2007, the company pacted with Reeltime Rentals Inc. to provide pay-per-view content over a streaming peer-to-peer network, which plays their movies fullscreen with DVD quality starting in under a minute and without interruption. [1]
The NameLions Gate was named after the bridge of the same name that crosses the narrows of Burrard Inlet in Vancouver, British Columbia, Canada (Lions' Gate Bridge). It is also referenced to a commemorative gate erected by Alexander The Great, upon the death of Hephaestion in 324 BC in Hamadan, Iran (Persia) called the 'Lions Gate' (Hamedan Stone Lion). In 2006 the brand name was changed to Lionsgate. DivisionsFilm DistributionLionsgate Films is a production-distribution company, a subsidiary of Lions Gate Entertainment. It is currently the largest and most successful independent film distributor-studio in North America. It focuses mainly on foreign and independent films, and is perhaps best known for distributing films that are too controversial for the large American companies like Fahrenheit 9/11 and American Psycho. Sometimes, films which are distributed by Lions Gate theatrically will have their DVDs distributed by other studios.
The current incarnation of Lionsgate was initiated in 1997 by Frank Guistra, a Vancouver investment banker hoping to capitalize on the growing film industry in his home town. The company bought a number of small production facilities and distributors. Its first success was American Psycho, which began a trend of producing and distributing films far too controversial for the major American studios. Other successes included Affliction, Gods and Monsters, Dogma, and the Michael Moore documentary Fahrenheit 9/11 (which turned out to be the studio's highest grossing film in their history). In 2000, Guistra left the firm and it was taken over by Jon Feltheimer and Micheal Burns. 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 Pictures Inc. and Artisan Entertainment. These two along with other firms gave Lionsgate the second largest DVD library of any company which includes Total Recall, Reservoir Dogs, On Golden Pond, Young Guns, Dirty Dancing and It's a Wonderful Life, in some cases via output deals with StudioCanal, ITC/Carlton, and Republic Pictures (the result of prior licensing deals with Lionsgate's home video predecessor Artisan). Very rarely does Lionsgate co-produce films with major studios. For example, Lionsgate (through then-subsidiary Artisan) teamed with Miramax Films for the 2004 sequel Dirty Dancing: Havana Nights and with Paramount Pictures for 2002's Narc and 2004's The Prince & Me. Lionsgate was also a silent partner in 20th Century Fox's 2004 sci-fi film The Day After Tomorrow. And also in 2004, for the first time ever, Lionsgate joined forces with independent rival United Artists in producing Hotel Rwanda. The company also has a television division that has made shows such as The Dead Zone. The company also recently has launched a record label. Its continued success is demonstrated by celebrity support such as with the all-star cast of Crash (the first film from the studio to receive the Academy Award for Best Picture), combined with the success of Nicolas Cage's movie Lord of War, and even with Saw 2, which won its opening weekend at the box office [2]. Another important recent franchise is Tyler Perry's Diary of a Mad Black Woman and Madea's Family Reunion, which was the first film of 2006 to be the #1 Movie in America for two weeks in a row. These demonstrate its great power as an independent studio, slowly creeping to be proven worthy as a great competitor with the mainstream distributors. In 2005, Lionsgate's Canadian distribution business was sold to Maple Pictures, a company founded by two former Lionsgate executives. [3] Lionsgate has recently undergone an agreement with WWE Films to distribute movies such as See No Evil, which was released on May 19th and The Condemned. Lionsgate maintains high profit margins by not financing a lot of the films they release. Instead, it either co-produces films with producing partners or acquires rights to the film at festivals. Many of its biggest hits were made the latter way, including films such as SAW, Cabin Fever and Open Water. Lionsgate began to self-distribute its titles on home video after acquiring Trimark Pictures and its in-house home video division, allowing them to end a home video distribution agreement with Universal. After the purchase of Artisan Entertainment, whose home video distribution was handled by Fox, Lionsgate picked up Fox as a home-video distributor. Lionsgate has also played a role in the industry's struggle over rival high-definition movie format, exclusively choosing to distribute in Sony's Blu-ray format. The studio's support of the format means that Terminator 2, the Rambo franchise and many other titles will be released on Blu-Ray Disc in the US. List of Lionsgate films
1990sMetamorphosis: The Alien factor produced by Ted A. Bohus 2000sMusicTelevision
Studios
VideoHas a home video library of more than 8000 films (many the result of output deals with other studios), including such titles as Dirty Dancing, Joshua Tree (1993 film), Total Recall, On Golden Pond and the Rambo series. Lions Gate also distributes Will and Grace and other NBC programs, Mattel's Barbie-branded videos and Clifford the Big Red Dog videos from the Scholastic Corporation. Video properties currently owned by Lionsgate Home Entertainment include those from Family Home Entertainment, Vestron Video, Lightning Video (itself a Vestron company), and Magnum Entertainment.
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