Lionsgate & Parques Reunidos to Open Lionsgate Entertaniment City in New York's Time Square
Global content leader Lionsgate (NYSE: LGF.A, LGF.B) and Parques Reunidos, one of the leading leisure park operators in the world, have kicked off their strategic partnership by announcing their first Lionsgate branded indoor entertainment center, set to open in New York City's Times Square in 2019.
Lionsgate Entertainment City will feature attractions built around multiple iconic Lionsgate film and television properties including Mad Men, The Hunger Games and the most recentinstallment of the John Wick franchise. It will be located in the heart of a Times Square neighborhood that attracts over 50 million visitors annually and is the first of several branded indoor entertainment centers that the two companies are planning for high traffic urban areas in major U.S. and European cities.
"We're delighted to kick off our partnership with Parques Reunidos in midtown Manhattan, and we look forward to extending our alliance to other major U.S. and European cities as we continue to grow our location-based entertainment business around the world," said Lionsgate Senior Vice President of Global Live and Location Based Entertainment Jenefer Brown. "Lionsgate Entertainment City celebrates so many of our greatest film and television properties and provides their fans with a unique immersive experience featuring state-of-the-art technology right in the heart of the city."
"We are very excited to collaborate with Lionsgate in this new project, which is a big milestone for our strategy to develop Indoor Entertainment Centers (IECs) in shopping malls and landmark buildings. Lionsgate Entertainment City will be our sixth IEC, following the five we announced in 2016 which are underway in Europe. We hope that, through this strategy, we will develop 20 other centers in the coming years and we will become a worldwide leader in this form of entertainment," said Fernando Eiroa, CEO of Parques Reunidos.
The MAD MEN themed dining and lounge experience, which is inspired by the landmark television series from creator Matthew Weiner, will offer fans an opportunity to step back in time and enjoy a night on the town inspired by the show's 1960's dcor and decadence. Lionsgate Entertainment City will also include: a Hunger Games flying simulator attraction taking fans on an exciting rescue mission through The Capitol; the Dauntless Challenge Course, a Divergent themed obstacle course; the John Wick: Chapter Two shooting ridewhere fans go head-to-head with a series ofassailants; a theatre that will host a variety of 4D film and live show experiences; and virtual reality entertainment, including a Nerve VR motorcycle thrill experience.
The attractions will be complemented by branded retail and dining establishments, including a Lionsgate Caf, the Hunger Games-inspired Peeta's Bakery and The Capitol Confectionery, along with the first-ever Lionsgate Studio Store. The entertainment center will also feature party rooms for private events and special programing that can be customized for Lionsgate properties.
Lionsgate's growing location-based entertainment business now encompasses planned attractions in the U.S., Europe, the Middle East and Asia. The Company recently announced the launch of the outdoor theme park Lionsgate Movie World at Jeju Island, South Korea. The indoor theme park Lionsgate Entertainment World is currently under development in Hengqin, China, and the Lionsgate Zone of the Motiongate theme park is slated to open in Dubai later this fall.
The development of leisure centers in shopping malls and iconic urban locations represents one of the main growth strategies of Parques Reunidos, which is currently negotiating the development of a total of 20 centers in coming years.
The first major new studio in decades, Lionsgate is a global content platform whose films, television series, digital products and linear and over-the-top platforms reach next generation audiences around the world. In addition to its filmed entertainment leadership, Lionsgate content drives a growing presence in interactive and location-based entertainment, gaming, virtual reality and other new entertainment technologies. Lionsgate's content initiatives are backed by a 16,000-title film and television library and delivered through a global licensing infrastructure. The Lionsgate brand is synonymous with original, daring and ground-breaking content created with special emphasis on the evolving patterns and diverse composition of the Company's worldwide consumer base.
ABOUT PARQUES REUNIDOS Parques Reunidos is one of the world's leading leisure park operators. The company portfolio comprises 61 assets (theme parks, animal parks, aquatic parks, family entertainment centers and other attractions). Parques Reunidos is present in 14 countries in the Americas, Europe, Middle East and Asia, receiving approximately 20 million visitors per year. For more information regarding Parques Reunidos, please visit: www.parquesreunidos.com