BREAKING: A press conference is skedded for tomorrow morning, with Lionsgate co-chairman/CEO Jon Feltheimer and Grupo Televisa chairman/CEO Emilio Azcarraga. Lionsgate will team with Spanish-language media company Televisa to launch Pantelion Films, a joint venture that will target the fast-growing market of Hispanic moviegoers and release 8 to 10 movies per year. The first picture, From Prada To Nada, will be released in January. The expectation is Pantelion will produce half of its slate and acquire the other half. Jim McNamara, head of Panamax Films and a former Telemundo president/CEO, will be Pantelion chairman, while Lionsgate international exec Paul Presburger will be Pantelion CEO.
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