Lionsgate Entertainment Corporation

One of the largest film studios in North America & creator, owner and distributor of well-known film brands

Categories

Media and Communications  

$2.36B

MarketCap US

US United States

Country

Summary

Lions Gate Entertainment Corporation, commonly known as Lionsgate, is a leading global entertainment company headquartered in Santa Monica, California. Founded in 1997 by financier Frank Giustra, Lionsgate has emerged as a major player in the film, television, and digital content industries.

The company has built a strong reputation for its ability to produce and distribute high-quality and diverse entertainment content that resonates with audiences worldwide. Lionsgate has successfully delivered a wide range of films and television series across various genres, including blockbuster franchises, critically acclaimed dramas, comedies, horror films, and animated features.

Lionsgate's commitment to innovation and creative storytelling has earned it numerous accolades and a loyal fan base. The company has consistently pushed boundaries and embraced emerging technologies to deliver engaging and immersive entertainment experiences. Lionsgate has also demonstrated its adaptability by expanding its presence in the digital realm, creating original digital content and partnering with streaming platforms to reach audiences on various digital platforms.

With a focus on cultivating strong partnerships and collaborating with talented filmmakers, writers, and actors, Lionsgate has established itself as a trusted home for creative visionaries. The company has fostered a supportive environment that encourages artistic freedom and nurtures groundbreaking storytelling.

In addition to its production capabilities, Lionsgate boasts an extensive global distribution network that ensures its content reaches audiences across different platforms and territories. The company has successfully distributed its films and television series through theatrical releases, home entertainment, television broadcasts, streaming services, and international markets, maximizing the reach and impact of its content.


History

Lions Gate Entertainment Corporation, commonly known as Lionsgate, is a prominent film production and distribution company with a rich history spanning several decades. Founded in 1997 by financier Frank Giustra, the company has grown to become a major player in the entertainment industry. Lionsgate has successfully navigated various milestones and acquisitions, establishing itself as a leading studio known for producing and distributing high-quality films and television shows.

In its early years, Lionsgate forged important partnerships and collaborations that laid the foundation for its growth. In 1998, the company announced a significant deal with Peter Guber, forming Mandalay Pictures, a production company dedicated to creating feature films with budgets ranging from $15 to $75 million. This venture showcased Lionsgate's ambition and commitment to producing compelling content for audiences worldwide.

As Lionsgate continued to expand its operations, it made a strategic move in 1999 by relocating its financial operations to Toronto, Canada. This decision, guided by the leadership of new President Doroniuk, positioned the company to leverage the burgeoning Canadian film industry and tap into the diverse talent pool available in the region.

Throughout the early 2000s, Lionsgate remained focused on its mission to produce and distribute captivating films. In 2003, the company made a significant acquisition by purchasing Artisan Entertainment for $220 million. This move bolstered Lionsgate's film library and expanded its reach in the industry. The company's commitment to creative storytelling was further exemplified in 2004 when Erik Nelson reacquired Termite Art and rebranded it as Creative Differences, adding a distinct artistic dimension to Lionsgate's portfolio.

Lionsgate's growth trajectory continued in subsequent years through strategic acquisitions and collaborations. In 2005, the company acquired the entire library of Modern Entertainment, the U.S. film division of the Swedish television company Modern Times Group. This move further enhanced Lionsgate's content library, solidifying its position as a major player in the industry.

In 2006, Lionsgate made a strategic decision to sell Lionsgate Studios to Bosa Development Corporation, allowing the company to focus on its core competencies of film production and distribution. The following year, in 2007, Lionsgate acquired Mandate Pictures for $56.3 million, expanding its creative capabilities and adding valuable assets to its portfolio.

Lionsgate's commitment to innovation and expansion was evident in 2009 when it purchased TV Guide Network and TVGuide.com from Rovi for $255 million in cash. This move allowed Lionsgate to diversify its offerings and capitalize on the growing digital media landscape.

The year 2010 marked another significant milestone for Lionsgate as it entered into a joint venture with Televisa, forming Pantelion Films. This partnership aimed to produce eight to ten films per year specifically targeted at the United States Latino market, showcasing Lionsgate's dedication to catering to diverse audiences.

In the subsequent years, Lionsgate continued to make strategic moves to solidify its position in the industry. It sold its Canadian distribution unit, Maple Pictures, to Alliance Films in 2011 and appointed Brian Goldsmith as the co-COO of the company in 2012, further strengthening its leadership team.

Lionsgate's commitment to delivering blockbuster hits was evident in 2013 when it achieved the remarkable feat of crossing $1 billion domestically and internationally for the second consecutive year. The success of films like "The Hunger Games: Catching Fire," "Now You See Me," "Instructions Not Included," and "Kevin Hart: Let Me Explain" further solidified Lionsgate's status as a powerhouse in the entertainment industry.

In subsequent years, Lionsgate continued to make strategic moves to enhance its operations and expand its footprint. Notable highlights include the merger of its movie marketing operations in 2014 and the acquisition of a 20 percent equity stake in Spyglass Media Group in 2021, along with the acquisition of The Weinstein Company's catalogue.

Lionsgate's dedication to creating captivating content has earned it a reputation as a trusted and innovative studio. With a focus on producing and distributing films and television shows that resonate with audiences around the globe, Lionsgate remains committed to pushing boundaries and delivering memorable entertainment experiences.

As Lionsgate's journey continues, it will undoubtedly embrace new technologies, trends, and opportunities, continuing to captivate audiences and shape the future of the entertainment industry.


Mission

Lionsgate's mission is to create and deliver compelling entertainment experiences that captivate audiences worldwide. The company strives to produce high-quality films, television shows, and digital content that engage, entertain, and inspire viewers. Lionsgate aims to push boundaries, challenge conventions, and tell stories that resonate with diverse audiences across different genres and platforms.

Lionsgate recognizes the power of entertainment to drive positive change and make a meaningful impact on society. The company endeavours to create content that not only entertains but also challenges, educates, and inspires viewers. Lionsgate strives to leverage its reach and influence to promote social awareness, inclusivity, and important causes, reflecting a commitment to responsible and purpose-driven entertainment.


Vision

Lionsgate's vision is to be a global leader in the entertainment industry, recognized for its innovative storytelling, creative excellence, and strong partnerships. The company seeks to be at the forefront of industry trends and technological advancements, continuously adapting and evolving to meet the changing needs and preferences of audiences. Lionsgate envisions a future where it continues to produce groundbreaking content that not only entertains but also sparks meaningful conversations and influences culture.

Driven by its vision, Lionsgate is committed to nurturing and collaborating with talented creators, filmmakers, and industry professionals, fostering an environment of creativity and collaboration. The company aims to provide a platform for diverse voices, enabling them to tell authentic and impactful stories that resonate with global audiences.


Key Team

Ron Schwartz (President, Home Entertainment )

Damon Wolf (President, Worldwide Marketing)

Jocelyn Sabo (General Counsel and Chief Legal Officer)

Peter Wilkes (Chief Human Resources Officer)

James W. Barge (Chief Financial Officer)

Corii Berg (Co-President, Motion Picture Group)

Nathan Kahane (Co-President, Motion Picture Group)

Aubrey McClure (Executive Vice President, Corporate Communications)


Recognition and Awards
Academy Awards (Oscars): Lions Gate films have received numerous Academy Award nominations and wins. Some notable Oscar-winning films include "Crash" (Best Picture, 2006), "Monster's Ball" (Best Actress, 2002), and "La La Land" (Best Director, 2017). Golden Globe Awards: Lions Gate films and television series have received multiple Golden Globe nominations and wins. Films such as "La La Land," "Hacksaw Ridge," and "3:10 to Yuma" have been recognized by the Golden Globe Awards for their excellence. Cannes Film Festival: Lions Gate films have competed and won awards at the prestigious Cannes Film Festival. The film "Precious" received the Grand Jury Prize in 2009, while "Apocalypse Now Redux" won the Palme d'Or in 2001. BAFTA Awards: Lions Gate films have been recognized at the British Academy Film Awards (BAFTA). Notable wins include "Crash" (Best Film, 2006) and "No Country for Old Men" (Best Film, 2008). Emmy Awards: Lions Gate television series have received critical acclaim and numerous Emmy Award nominations and wins. Series like "Mad Men," "Orange Is the New Black," and "Nurse Jackie" have earned accolades for their outstanding performances and storytelling. Screen Actors Guild Awards: Lions Gate television series have been recognized by the Screen Actors Guild (SAG) Awards. Series such as "Mad Men" and "Orange Is the New Black" have received SAG Awards for their exceptional ensemble casts. Independent Spirit Awards: Lions Gate films, known for their independent and innovative nature, have been celebrated at the Independent Spirit Awards. Films like "Winter's Bone," "Silver Linings Playbook," and "Precious" have received accolades from this prestigious ceremony. GLAAD Media Awards: Lions Gate has been recognized at the GLAAD Media Awards for its commitment to LGBTQ+ representation. The film "American Psycho" received a GLAAD Media Award nomination for its portrayal of LGBTQ+ characters. Producers Guild of America Awards: Lions Gate films have been honored at the Producers Guild of America (PGA) Awards. Films like "La La Land," "Hacksaw Ridge," and "The Big Sick" have received PGA Award nominations and wins. Canadian Screen Awards: Lions Gate's Canadian productions have received recognition at the Canadian Screen Awards. Films like "Enemy" and "Incendies" have been honored at this national ceremony.

Products and Services

Lionsgate offers a diverse range of products and services that encompass film, television, and digital content. The company is known for its ability to produce compelling and captivating entertainment across various genres, catering to a wide spectrum of audiences.

  • Film Productions:
    Lionsgate is renowned for its film production capabilities, delivering both critically acclaimed and commercially successful movies. The company has a track record of producing a wide range of films, including blockbuster franchises, independent films, and niche projects. Lionsgate's film division collaborates with talented directors, writers, and actors to bring stories to life on the big screen. The company's films span genres such as action, thriller, drama, comedy, horror, and animation, ensuring a diverse and engaging cinematic experience for audiences worldwide.
  • Television Productions:
    Lionsgate has established itself as a prominent player in the television industry, creating and producing compelling television series that resonate with viewers. The company produces a wide array of television content, ranging from scripted dramas and comedies to reality shows and documentaries. Lionsgate's television division partners with top-notch writers, producers, and talent to develop captivating storylines and memorable characters. These television productions are distributed through traditional broadcast networks, cable channels, streaming platforms, and international markets.
  • Digital Content:
    Recognizing the ever-growing demand for digital entertainment, Lionsgate has expanded its offerings to include a robust lineup of digital content. This includes original series, films, and short-form content specifically created for digital platforms and streaming services. Lionsgate's digital content division embraces the evolving landscape of online entertainment, catering to the preferences of digital-savvy audiences and delivering content optimized for various digital platforms, such as streaming services, social media platforms, and digital storefronts.
  • Distribution and Licensing:
    In addition to producing its own content, Lionsgate also provides distribution and licensing services for third-party content. The company leverages its extensive distribution network and industry expertise to bring a diverse range of films, television series, and digital content to audiences worldwide. Through strategic partnerships and licensing agreements, Lionsgate ensures that a wide array of content from various creators reaches audiences through various distribution channels, including theatrical releases, home entertainment, television broadcasts, and digital platforms.
  • Ancillary Revenue Streams:
    Lionsgate extends its reach and monetizes its intellectual properties through various ancillary revenue streams. This includes merchandise licensing, live events, gaming adaptations, and theme park attractions. By leveraging the popularity and recognition of its successful franchises and content, Lionsgate extends the entertainment experience beyond the screen, providing fans with opportunities to engage with their favourite characters and stories in different formats and immersive settings.

References
Lionsgate Entertainment Corporation
Leadership team

Jon Feltheimer (Chief Executive Officer (CEO))

Michael Burns (Vice Chairman)

Brian Goldsmith (Chief Operating Officer (COO))

Jimmy Barge (Chief Financial Officer (CFO))

Joe Drake (Chairman, Motion Picture Group )

Sandra Stern (President, Lionsgate Television Group)

Industries

Media and Communications

Products/ Services
Film Production Television Production Home Entertainment (DVD, Blu-ray, digital) Digital Distribution International Distribution Licensing and Merchandising Streaming Services (Lionsgate Play) Location-Based Entertainment Music Production (Lionsgate Music) Talent Management
Number of Employees
1,000 - 20,000
Headquarters
Santa Monica, California, United States
Established
1997
Company Type
Public Limited Company
Traded as
LGF-A
Social Media

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Wed Feb 28 2024
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