Lionsgate (NYSE: LGF), a leading global entertainment company, and media giant STUDIOCANAL have extended and expanded their partnership with a longterm renewal of the agreement under which Lionsgate distributes the STUDIOCANAL library of more than 2,000 titles as well as a new agreement for STUDIOCANAL to distribute the next installment of THE HUNGER GAMES franchise, CATCHING FIRE, in the German speaking territories, the two companies announced today at the Cannes Film Festival.
The first film in the franchise, the global blockbuster THE HUNGER GAMES, has grossed nearly $400 million at the North American box office and is approaching $650 million at the worldwide box office, including more than $24 million at the box office in the German speaking territories.
“STUDIOCANAL exemplifies the global reach, market leadership and innovative thinking of the media companies with whom we are partnered around the world,” said Lionsgate Motion Picture Group Co-Chairs Patrick Wachsberger and Rob Friedman and Motion Picture Group President Steve Beeks. “We’re delighted to expand our longstanding STUDIOCANAL relationship with a renewal of our filmed entertainment library distribution agreement as well as an agreement for STUDIOCANAL to distribute CATCHING FIRE in the German speaking territories. Our STUDIOCANAL partnership has been an important part of our growth around the world, and we believe that they will become an even more important part of our future.”
Olivier Courson, Chairman of STUDIOCANAL : “Lionsgate has always been a great partner to STUDIOCANAL. In the US they have distributed our library, from GRAND ILLUSION to TERMINATOR 2. They had a great success with LAST EXORCISM, opening it to over $20 million. In the UK we are partners in the leading independents home entertainment operation Elevation. And in Germany, we have a long term relationship on current films and are very happy to have THE HUNGER GAMES. Strengthening our partnership with an even stronger Lionsgate on a long term basis is a great opportunity for STUDIOCANAL.”
“Lionsgate has been very successful in monetizing our library titles over the years, and we’re pleased to extend that arrangement for many years to come,” said STUDIOCANAL Germany CEO Rodolphe Buet. “Lionsgate’s pipeline includes some of the most commercially exciting films in the world and we’re delighted to follow up our successful relationship on THE HUNGER GAMES with distribution of the next exciting film in the franchise, CATCHING FIRE, throughout the German speaking territories. We believe that THE HUNGER GAMES phenomenon will continue to build worldwide and will resonate with our audiences for years to come.”
The STUDIOCANAL library includes DVD, television, on demand and digital rights to some of the top titles from the former Carolco and DEG libraries, including TERMINATOR 2: JUDGMENT DAY, TOTAL RECALL, BASIC INSTINCT and RAMBO as well as classics such as TENDER MERCIES, CRIMES OF THE HEART, FRANCES and EVIL DEAD II and French masterpieces including Jean Renoir’s GRAND ILLUSION and RULES OF THE GAME and Luis Bunuel’s THAT OBSCURE OBJECT OF DESIRE and THE DISCREET CHARM OF THE BOURGEOISIE.
In addition to Lionsgate’s distribution of the STUDIOCANAL library and STUDIOCANAL’s distribution of THE HUNGER GAMES and CATCHING FIRE in the German-speaking territories, Lionsgate UK and STUDIOCANAL are partnered in the UK in Elevation Sales, a home entertainment sales and distribution joint venture.