Grindstone Entertainment Group

Lionsgate Films (spelled as Lions Gate until 2005, and formerly Cinépix Film Properties until 1998) is a Canadian-American film production and distribution company founded in Montreal, Quebec, Canada on June 15, 1962. It was owned by Lionsgate from 1997 to 2024, and Lionsgate Studios (which spun off its television and film business) since 2024, and is now headquartered in Santa Monica, California.

Lionsgate is the largest and most successful mini-major film studio in North America. The studio focuses on foreign and independent films and has distributed various commercially successful film franchises, including ''Saw'', ''The Hunger Games'', ''Rambo'', '' Divergent'', '' The Punisher'', ''John Wick'', ''Madea'', ''Blair Witch'', '' Now You See Me'', ''Hostel'', '' The Expendables'', '' Sinister'', '' The Twilight Saga'', '' Step Up'', and '' Den of Thieves''.

History

As Cinépix

Cinépix was founded by John Dunning and Andre Link in 1962. Cinépix, based in Montreal, was a Canadian independent motion picture company that released English- and French-language films in Canada and the United States.

Initially a distribution company, Cinépix's first production was the 1969 erotic drama ''Valérie'', which earned $1 million at the box office. Cinépix produced early work by David Cronenberg ('' Shivers'') and Ivan Reitman (''Meatballs''). The company also distributed art-house films including the grunge rock documentary ''Hype'', Vincent Gallo's '' Buffalo '66'', and '' SICK: The Life & Death of Bob Flanagan, Supermasochist''.

Cronenberg stated that "Cinépix was the Canadian version of Roger Corman" and "in a way they were modelling themselves after him and also some European producers as well".

From 1989 to 1994, Cinépix was partnered with Famous Players in C/FP Distribution, which was renamed Cinépix Film Properties (C/FP). In 1994, Cinépix bought Famous Players' stake in the organization.

By 1997, Cinépix had a New York–based US distribution arm and owned 56 percent of Ciné-Groupe, an animated film production company based in Montreal.

As Lionsgate Films

Lions Gate Entertainment Corporation (LGEC) was formed in 1997 by Frank Giustra, a banker. LGEC purchased Cinépix and kept its leadership. Cinépix was renamed Lions Gate Films on January 13, 1998. LGEC also purchased the Vancouver-based North Shore Studios, which became Lions Gate Studios. In June 1998, LGE purchased International Movie Group, whose film library included Jean-Claude Van Damme's '' Kickboxer''.

Liongate's first major box office success was ''American Psycho'' in 2000, which began a trend of producing and distributing films too controversial for the major film studios. Other notable films included '' Affliction'' (1998), '' Gods and Monsters'' (1998), ''Dogma'' (1999), ''O'' (2001), '' Cube 2: Hypercube'' (2002), '' Open Water'' (2003), ''Saw'' (2004), '' The Punisher'' (2004) and the Michael Moore documentary ''Fahrenheit 9/11'' (2004), which had been the studio's highest-grossing film until the release of ''The Hunger Games'' in 2012.

Giustra left the firm in 2000. That same year, Jon Feltheimer became CEO and Michael Burns became vice chairman. They decided to focus on the profits of videos and DVDs and began buying struggling firms that controlled large libraries. The two most notable acquisitions were Trimark Holdings (650 titles) 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 purchases along with others gave Lions Gate a large home entertainment library, which includes '' Total Recall'', ''Reservoir Dogs'', '' Terminator 2: Judgment Day'', '' Young Guns'', ''Dirty Dancing'' and ''Apocalypse Now'', in some cases via output deals with StudioCanal, American Zoetrope, and Miramax (most of them the result of prior licensing deals with Lions Gate's home video predecessor Artisan).

Lions Gate occasionally co-produces films with major studios. For example, Lions Gate teamed with Miramax Films for the 2004 sequel '' Dirty Dancing: Havana Nights'' and with Paramount Pictures for 2002's '' Narc'' and 2004's '' The Prince & Me'' which was given a studio credit. Lions Gate was also a silent partner in 20th Century Fox's 2004 sci-fi film '' The Day After Tomorrow''. Also in 2004, Lions Gate joined forces with United Artists in producing ''Hotel Rwanda''.

Further acquisitions

On August 1, 2005, Lions Gate Entertainment Corp acquired the entire library of Modern Entertainment. On October 17, 2005, Lionsgate acquired Redbus Film Distribution for $35 million and became Lionsgate UK on February 23, 2006. Following this, Zygi Kamasa, who co-founded Redbus with Simon Franks, became CEO of Lionsgate UK and Europe.

In 2006, Lions Gate Studios was acquired by Bosa Developments, and later reverted back to its original North Shore name.

In 2007, Joe Drake became Lionsgate's co-COO and motion picture group president. Lionsgate cut back its annual production by four in February 2009.

''The Hunger Games'' grossed $68.3 million when it premiered at the US box office on March 23, 2012. At the time, it was the best opening day ever for a non-sequel and the fifth highest of all time. Of that total, $19.7 million was earned via Thursday midnight screenings. In 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, Lions Gate Entertainment Corp acquired Summit Entertainment, the studio behind the ''Twilight'' and ''Step Up'' series 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. Drake left in 2012 to found Good Universe.

On January 16, 2013, Lionsgate announced a low-budget film division to be led by John Sacchi. The division would release films under $2.5 million. Sacchi recently looked to acquire such films as Rock Bottom Creek (2012) and other independently made films as well.

On November 22, 2013, Lions Gate released '' The Hunger Games: Catching Fire''. In its opening weekend, the movie grossed $158 million at the US box office, surpassing its predecessor, which generated $150 million in its opening weekend. The film had a budget of $130 million, breaking even soon after its opening, and making it profitable. Critics highly praised the film; it received a Rotten Tomatoes rating of 89%. The third ''Hunger Games'' film, ''Mockingjay- Part 1'', was released in 2014. The final film, ''Mockingjay - Part 2'', was released in 2015.

On April 1, 2015, according to '' Deadline'', Lions Gate announced it has created its new label, Lionsgate Premiere. This new label will handle up to 15 releases a year, targeting young audiences at theaters and digital outlets. The new label, part of the company's diversification effort, will incorporate Lionsgate and Summit Entertainment titles 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 will handle marketing, with distribution to be run by Adam Sorensen, who currently manages Western Sales.

On May 2, 2016, according to ''Deadline Hollywood'', Lions Gate announced it has teaming with eight international companies to launch the GlobalGate Entertainment consortium. GlobalGate will produce and distribute local-language films in markets around the world. Lionsgate said Monday it has partnered with international entertainment executives Paul Presburger, William Pfeiffer and Clifford Werber to launch GlobalGate.

Drake returned in October 2017 as Lionsgate's film group chairman. The company laid off staff for theatrical marketing and publicity in its New York office, and moved to end its participation as a partner in CodeBlack Films in January 2019. The cut backs were due to the failures of ''Robin Hood'', and the comedy '' The Spy Who Dumped Me''. In June 2019, Hulu and FX picked up show rights to Lionsgate films released in 2020 and 2021.

In 2022, Adam Fogelson joined the Motion Picture Group as vice chair, after leaving STX Entertainment, reporting to Drake.

Post-Spin-off

In December 2023, Lionsgate closed its acquisition of Entertainment One (now Lionsgate Canada), another Canadian-founded studio business. In Spring 2024, Lionsgate's film and studio businesses (including Lionsgate Films) was spun-off into the newly formed Lionsgate Studios.

On June 17, 2024, it was announced that Lionsgate will distribute Francis Ford Coppola's independently made $120 million sci-fi epic ''Megalopolis'' in North America (albeit without a marketing deal) after almost every distribution company in the United States declined due to its unconventional storytelling being difficult to promote, with a release date for the film set on September 27, 2024. Lionsgate had previously partnered with Coppola for the re-releases of his past films such as ''The Conversation'' (1974), ''Apocalypse Now'' (1979), ''One from the Heart'' (1982) and '' The Cotton Club'' (1984).

Film library

Film series

Highest-grossing films

Notes

# Distributed by Summit Entertainment
# Released by 20th Century Fox
# Distributed by Artisan Entertainment

References

Works cited

*

External links

*
Official UK website

{{Authority control

Lionsgate
Lionsgate Studios
Film production companies of the United States
Companies based in Santa Monica, California
Entertainment companies based in California
Entertainment companies established in 1962
1962 establishments in Quebec