Lionsgate® Announces Home Entertainment Distribution Deal With Disney-ABC Domestic Television
LIONSGATE® (NYSE: LGF), the leading independent filmed entertainment studio, and Disney-ABC Domestic Television have entered into an agreement where Lionsgate obtains the home entertainment distribution rights to select primetime series and library titles from ABC Studios. The announcement was made today by Ron Schwartz, General Manager and Executive Vice President, Lionsgate Home Entertainment. The deal was negotiated by Jason Constantine, Lionsgate President of Acquisitions and Co-Productions, Eda Kowan, Lionsgate Vice President of Acquisitions and Wendy Jaffe, Lionsgate Executive Vice President of Business & Legal Affairs, Acquisitions and Co-Productions.
The first programs to be released under the new agreement -- popular sitcom "According to Jim: Season One," starring Jim Belushi and Courtney Thorne-Smith and one-hour series "Reaper: Season One" -- will be available on DVD on October 21st and November 4th, respectively. The agreement also encompasses other popular sitcoms and dramas including "Hope & Faith" (Kelly Ripa, Faith Ford), "8 Simple Rules...for Dating My Teenage Daughter" (John Ritter, Katey Sagal), "Boy Meets World" (Ben Savage, Rider Strong), "October Road" (Tom Berenger, Bryan Greenberg), "Kevin Hill" (Taye Diggs), "My Wife & Kids" (Damon Wayans), "Six Degrees" (Jay Hernandez, Bridget Moynahan, Erika Christensen), and more.
"As evidenced by our recent activity, we continue to look for key brands to expand and grow our TV on DVD business," Schwartz said. "We are thrilled to have the opportunity to add these popular ABC Studios series to our library and look forward to releasing these highly recognizable, branded properties to their loyal audiences on DVD."
The deal comes on the heels of a very active period for Lionsgate in the TV On DVD category. In the past month, the company announced a first-look partnership with Comcast Entertainment Group wherein Lionsgate obtained the home entertainment distribution rights to popular series airing on E! Entertainment Television, The Style Network and G4 including the tanning salon reality series "Sunset Tan" along with the popular "Keeping Up with the Kardashians," "Snoop Dogg's Father Hood," and "Kimora: Life In The Fab Lane." In addition, the studio is expecting its biggest year ever in the TV on DVD category anchored by the recent releases of the third season of "Weeds," the first season of the Golden Globes and Peabody award-winning AMC series "Mad Men" and "Tyler Perry's House of Payne: Volume 2."
A leader in the TV on DVD category, Lionsgate has bucked the industry trend by experiencing double-digit growth from 2006 to 2007. The studio's DVD releases of the first and second seasons of "Weeds" both finished the year in the Top 40 among all TV on DVD releases. Other prestigious titles in the Lionsgate TV on DVD catalog include "Will & Grace," "The Dead Zone" and "Moonlighting."
Lionsgate is a leading next generation filmed entertainment studio with a major presence in the production and distribution of motion pictures, television programming, home entertainment, family entertainment, video-on-demand and digitally delivered content. The Company is leveraging its content leadership and marketing expertise through a series of partnerships that include the operation of the highly successful FEARNet branded VOD and Internet horror channel with Sony and Comcast, the recent announcement of the fall 2009 launch of a new premium entertainment channel with partners Viacom, Paramount Pictures and MGM, investment in the leading young men's digital distribution platform Break.com, ownership of the premier independent television syndication company Debmar-Mercury LLC and an alliance with independent filmed entertainment production and distribution company Roadside Attractions. Lionsgate also has forged partnerships with leading content creators, owners and distributors in key territories around the world, including Televisa in the U.S. and Latin America, StudioCanal in the UK, Hoyts and Sony in Australia and Eros International in India.
The Company has generated more than $450 million at the North American theatrical box office in the past year and has released a string of hits including The Forbidden Kingdom, Tyler Perry's Meet The Browns, The Bank Job, Rambo, The Eye, Saw IV, Tyler Perry's Why Did I Get Married?, Good Luck Chuck, 3:10 To Yuma and War, most of which have opened at #1 or #2 at the box office. The Company has also forged leadership positions in television and home entertainment with the production of such critically-acclaimed television series as Weeds and Mad Men, the distribution of Tyler Perry's House of Payne, Family Feud, South Park, Trivial Pursuit and The Dead Zone, among others, and approximately 9% market share and the industry's leading box office-to-DVD conversion rate in home entertainment. Lionsgate handles a prestigious and prolific library of approximately 12,000 motion picture and television titles that is an important source of recurring revenue and serves as the foundation for the growth of the Company's core businesses. The Lionsgate brand is synonymous with entrepreneurial innovation and original, daring, quality entertainment in markets around the globe.
ABOUT ABC STUDIOS
ABC Studios is a leader in the development, production and strategic distribution of entertainment content across television and emerging digital platforms. As a key content driver for the Disney-ABC Television Group, the studio will produce 22 productions for broadcast and cable television in the 2008/09 season.
ABOUT DISNEY-ABC DOMESTIC TELEVISION
Disney ABC Domestic Television is the domestic distribution arm of The Walt Disney Company, providing motion pictures and television programming to pay television, basic cable, broadcast television, video-on-demand (VOD), pay-per-view (PPV), mobile and broadband. Disney ABC Domestic Television is a wholly owned subsidiary of Disney Enterprises, Inc.
For Press Inquiries Contact: Lionsgate Jodie Magid/Jennifer Sandler 212-386-6885/ 310-255-4072 Jmagid@firstname.lastname@example.org Disney-ABC Domestic Television Bridget Osterhaus 818-460-6262 Bridget.Osterhaus@Disney.com For Lionsgate Corporate Inquiries, Contact: Peter D. Wilkes 310-255-3726 email@example.com
First Call Analyst:
FCMN Contact: firstname.lastname@example.org
PRN Photo Desk email@example.com
CONTACT: media, Jodie Magid, +1-212-386-6885, Jmagid@lionsgate.com, or
Jennifer Sandler, +1-310-255-4072, firstname.lastname@example.org, both of Lionsgate;
or Bridget Osterhaus of Disney-ABC Domestic Television, +1-818-460-6262,
Bridget.Osterhaus@Disney.com; or Lionsgate corporate inquiries, Peter D.
Wilkes of Lionsgate, +1-310-255-3726, email@example.com
Web site: http://www.lionsgate.com/