Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds | seattletimes.com

Business / Technology


Our network sites seattletimes.com | Advanced

Originally published Monday, April 27, 2009 at 3:10 PM

Comments (0)     E-mail E-mail article      Print Print      Share Share

Lions Gate, Relativity ink distribution deal

Boutique movie studio Lions Gate Entertainment Corp. said Monday it has signed a multiyear deal to distribute Relativity Media productions in the U.S.

SANTA MONICA, Calif. —

Boutique movie studio Lions Gate Entertainment Corp. said Monday it has signed a multiyear deal to distribute Relativity Media productions in the U.S.

Financial terms were not disclosed. Lions Gate said it will acquire U.S. distribution rights for up to five Relativity Media productions per year as part of the deal.

The companies have already partnered on movies like "3:10 to Yuma" and "The Bank Job." The first title to be released under the new agreement is "Brothers," directed by Jim Sheridan.

Shares of Lions Gate fell 12 cents to close at $4.84 on Monday.

Relativity Media LLC, backed by New York hedge fund Elliott Associates LP, has doubled its movie production in the last two years and expects to co-finance or produce 30 films annually, even as major studios have cut back.

Lions Gate itself moved in February to trim its annual output by four, to a dozen films a year, beginning in April.

"Given that they don't make as many large budget films as other studios, it is the perfect home for our films to get the maximum attention they deserve," said Relativity Chief Executive Ryan Kavanaugh.

Relativity currently co-finances a slate of movies produced by General Electric Co.'s Universal Pictures and Sony Corp.'s Columbia Pictures. Last year, it bought horror and thriller film label Rogue Pictures from Universal for a reported $150 million, and is trying to transform it into a lifestyle brand.

Copyright © 2009 The Seattle Times Company

More Business & Technology headlines...

E-mail E-mail article      Print Print      Share Share

Comments
No comments have been posted to this article.

advertising


Get home delivery today!

More Business & Technology

UPDATE - 09:46 AM
Exxon Mobil wins ruling in Alaska oil spill case

UPDATE - 09:32 AM
Bank stocks push indexes higher; oil prices dip

UPDATE - 08:04 AM
Ford CEO Mulally gets $56.5M in stock award

UPDATE - 07:54 AM
Underwater mortgages rise as home prices fall

NEW - 09:43 AM
Warner Bros. to offer movie rentals on Facebook

Advertising

Video

Marketplace

Advertising