In another nod to over-the-top video distribution, Lionsgate and multiplatform subsidiary Starz March 2 announced the closing of a multiyear exclusive first window output deal for all theatrically released Lionsgate and Summit label movies when current agreements expire at the end of 2021 and end of 2022, respectively.
The agreement will bring to Starz movie franchises such as “John Wick,” starring Keanu Reeves; Borderlands, based on the best-selling video game franchise, directed by Eli Roth and starring Academy Award winner Cate Blanchett, Kevin Hart, Jamie Lee Curtis and Jack Black; White Bird: A Wonder Story, featuring Helen Mirren and Gillian Anderson in the follow-up to Lionsgate’s box office hit Are You There God? It’s Me, Margaret, produced by Oscar winner James L. Brooks and adapted from the Judy Blume classic; and The Hunger Games prequel based on Suzanne Collins’ The Ballad of Songbirds & Snakes. Future installments of the Saw franchise will also be included under the deal.
“This agreement is the next logical step in capitalizing on the combination of our two companies,” Lionsgate CEO Jon Feltheimer said in a statement. “It gives our brands and franchises an exciting new platform home, accelerates the convergence of our studio and platform businesses and will support Starz’s continued growth into one of the world’s leading premium subscription platforms.”
With 28 million subscribers, more than half of whom are streaming subscribers, Starz offers more than 7,500 premium TV episodes and feature films, including original series, first-run movies and other programming. It recently launched #TakeTheLead initiative that spotlights a spectrum of women both in front of and behind the camera for audiences worldwide.
“Combining our strong slate of original programming focused on narratives by, about and for women and underrepresented audiences with Lionsgate’s diverse pipeline of both commercially successful and critically acclaimed franchises further enhances the value proposition we bring to our subscribers and partners,” said Alison Hoffman, President of Domestic Networks for Starz, in a statement.
“Demand for movies has never been greater, and this agreement has significant benefits for our company, our consumers and our partners,” added Jim Packer, president of worldwide television distribution, in a statement. “It represents a great opportunity to continue monetizing our robust theatrical slate while supporting the continued strong growth of Starz.”