Lionsgate Films is an American film production and distribution studio and a division of Lions Gate Entertainment. The studio, which originated from Cinépix Film Properties on January 12, 1998, the company has distributed every installment in the Saw series.
Cinépix was founded in 1962 by John Dunning and Andre Link and was based in Montreal. It was a leading Canadian independent motion picture company, which released both, English- and French-language films, and distributed up to 12 films annually with a modest budget. Initially a distribution company, Cinépix's first production was the 1969 erotic drama Valérie, which garnered $1 million in Quebec. The company also distributed art-house films like the grunge rock documentary Hype, Vincent Gallo's Buffalo '66, and SICK: The Life & Death of Bob Flanagan, Supermasochist.
From 1989 to 1994, Cinépix had a partnership with Famous Players in C/FP Distribution, which was renamed as Cinépix Film Properties after the former had bought out the latter's stake in the organization. By 1997, Cinépix had a New York-based U.S. distribution arm and owned 56% of Ciné-Groupe, an animated film production company.
Lions Gate Entertainment
On July 10, 1997, the Lions Gate Entertainment Corporation was founded by Frank Giustra and Avi Federgreen in Vancouver, British Columbia. The company purchased Cinépix, which was renamed as Lionsgate Films on January 12, 1998, while keeping its old leadership. The LGEC also purchased the Vancouver-based North Shore Studios, which became Lions Gate Studios. In June 1998, the corporation purchased the International Movie Group, whose film library included Jean-Claude Van Damme's Kickboxer.
Lionsgate Film's first major box office success was American Psycho in 2000, which started a trend of producing and distributing films too controversial for the major American studios, such as Lolita. Other notable films included Affliction, Gods and Monsters, Dogma, Cube 2: Hypercube, Saw and the documentary Fahrenheit 9/11 by Michael Moore, which had been the studio's highest-grossing film until the release of The Hunger Games in 2012.
In 2000, Frank Giustra left the company, which was subsequently taken over by former Sony Pictures executive Jon Feltheimer and Tom Ortenberg. They decided to focus on the profits of videos and DVDs and began to purchase struggling firms that controlled large libraries. The two most notable acquisitions were Trimark Holdings in 2000 and Artisan Entertainment in 2003. The Trimark purchase also included CinemaNow, a broadband streaming website, where Lionsgate could feature its own movies. These two, along with other firms, gave Lions Gate Entertainment the second largest DVD library of any company, which included Total Recall, Reservoir Dogs, On Golden Pond, Young Guns, Dirty Dancing and It's a Wonderful Life.
Lionsgate Films occasionally co-produces movies with major studios. For example, the company teamed uo with Miramax Films for the 2004 sequel Dirty Dancing: Havana Nights and with Paramount Pictures for Narc in 2002 and The Prince & Me in 2004. Lionsgate was also a silent partner in 20th Century Fox's sci-fi film The Day After Tomorrow in 2004. In the same year, Lionsgate joined forces with its independent rival United Artists in producing Hotel Rwanda.
On August 1, 2005, the Lions Gate Entertainment Corporation acquired the entire library of Modern Entertainment. On October 17, 2005, Lionsgate acquired Redbus Film Distribution for $35 million, which was renamed as Lionsgate UK on February 23, 2006. Following this, Zygi Kamasa, who co-founded Redbus with Simon Franks, became CEO of Lionsgate UK and Europe.
On March 23, 2012, Lionsgate's film The Hunger Games grossed $68.3 million when it premiered at the U.S. box office. It was the most profitable opening day for a non-sequel and the fifth highest in the company's history. On its first weekend, The Hunger Games grossed $152.5 million, making it Lionsgate's highest-grossing film after just three days.
On January 13, 2012, the Lions Gate Entertainment Corporation acquired Summit Entertainment, the studio behind the Twilight and Step Up franchises, for $412.5 million. On May 3, 2012, Lionsgate Films made an agreement with CodeBlack Enterprises' CEO Jeff Clanagan to create CodeBlack Films, based at Lionsgate.
On January 16, 2013, Lionsgate announced a low-budget film division, which was led by John Sacchi. The division was planned to release films with a budget of under $2.5 million. Sacchi had recently looked to acquire such films, including Rock Bottom Creek from 2012 and other independently made films. On November 22, 2013, Lionsgate released The Hunger Games: Catching Fire. On its opening weekend, the movie grossed $158 million at the US box office, thereby surpassing its predecessor. The film had a budget of $130 million. Critics highly praised the film. it received a rating of 89% from Rotten Tomatoes. The third film in the Hunger Games franchise, Mockingjay- Part 1, was released in 2014. The final film of the franchise, Mockingjay - Part 2, was released in 2015.
On April 1, 2015, Lionsgate announced the creation of its new label, Lionsgate Premiere. This new label was planned to handle up to 15 movie releases a year, targeting young audiences at theaters and digital outlets. The new label, part of the company’s diversification effort, wwould incorporate Lionsgate and Summit Entertainment titles, including the Step Up film series and the Red film series, and then specialize in “innovative multiplatform and other release strategies” to reach “affinity audiences with branded content and targeted marketing.” Marketing and Research SVP Jean McDowell was responsible for the marketing, with distribution ran by Adam Sorensen, who currently manages Western Sales. On November 10, 2015, Malone's other company, Liberty Global, made a joint investment of $195-400 million in Lionsgate and acquired a 3.4% stake in the company.
On May 2, 2016, Lionsgate announced a partnership with eight international companies to launch the GlobalGate Entertainment consortium. GlobalGate will produce and distribute local-language films in markets all around the world.