Lionsgate, Saban And Celestial Pictures Forge Asian Pay TV Partnership

HONG KONG (December 22, 2011) – Celestial Pictures Limited, Saban Capital Group and Lionsgate (NYSE: LGF) announced today the creation of Celestial Tiger Entertainment (CTE), an independent Asian media company focused on branded pay TV channels, content creation and distribution across Asia.

Celestial Pictures is a wholly owned unit of Astro which owns and operates, among other businesses, the preeminent DTH platform in Malaysia, owns the legendary Shaw Brothers Film Library and distributes movie channels globally; Saban Capital Group is a leading private investment firm specializing in the media, entertainment and communications industries; and Lionsgate is the world’s largest independent filmed entertainment studio.

CTE’s Board of Directors will include representatives from Saban Capital Group, Celestial Pictures and Lionsgate. (more…)

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