Lionsgate and Nordisk Film in Scandinavia Announce New Multiyear Output Deal
Global content leader Lionsgate (NYSE: LGF.A, LGF.B) has entered a new multiyear output deal with longstanding partner Nordisk Film in Scandinavia, the two companies announced today.
The longterm agreement encompasses a deep pipeline of upcoming titles from Lionsgate and its Summit Entertainment label including the recently released action comedy The Spy Who Dumped Me, the stylish thriller A Simple Favor, the Charlize Theron/Seth Rogen comedy Flarsky, and the star-driven event films The Kingkiller Chronicle: The Name of the Wind, John Wick: Chapter Three and Chaos Walking.
"We're delighted to extend our longstanding relationship with our world-class distribution partner Nordisk Film as we continue to expand Lionsgate's global footprint," said Lionsgate Motion Picture Group President of International Helen Lee-Kim. "Scandinavia is a key market and we look forward to bringing our diverse portfolio of commercially exciting and star-driven event films to moviegoers in the territory."
"We are extremely happy to continue our longstanding collaboration with Lionsgate and to offer their impressive slate of upcoming films to the Scandinavian market. We have no DOUBT that their movies will continue to resonate with our audiences in the coming years," said Kenneth Wiberg, Senior Vice President and Managing Director, Nordisk Film Distribution. "Together with our continuously growing local product portfolio, the deal with Lionsgate will constitute the backbone of Nordisk Film's leading market position in Scandinavia."
Lionsgate's feature film slate has generated nearly $10 billion at the global box office over the past five years led by the critically-acclaimed breakout sensation Wonder, the global box office phenomenon La La Land, winner of six Academy Awards , double Oscar winner Hacksaw Ridge, and the Hunger Games, John Wick, and Now You See Me blockbuster franchises.
The agreement was negotiated for Lionsgate by EVP of International Sales and China/Asia Productions & Strategy Wendy Reeds out of the Company's London office. Peter Philipsen, General Manager International Acquisitions & Distribution, and Christopher Seidelin, Head of International Acquisitions, negotiated the agreement on behalf of Nordisk Film.
Lionsgate also currently has output deals with StudioCanal in Australia, Leone Film Group in Italy, Metropolitan Filmexport and SND in France, Belga Films in Benelux, Eagle Films and Jaquar Films in the Middle East, Encore Films and Golden Village in Singapore, Monolith in Poland, and eOne in Spain. Other deals include Central Partnership in the CIS and Vertical in Eastern Europe as well as a joint venture partnership with IDC in Latin America, a digital partnership with iQIYI in China, and Lionsgate's UK distribution company Lionsgate UK.
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 NORDISK FILM
Founded in 1906, Nordisk Film is the leading producer and distributor of films in the Nordic countries and operates the largest cinema chains in Denmark and Norway. Nordisk Film has digital businesses within gift cards, ticketing services, computer games development and eSports and is the distributor of Playstation in the Nordic and Baltic countries. Nordisk Film is part of Egmont a leading media group in the Nordics with 6,600 employees and activities in 30 countries. These include Egmont Publishing, which publishes more than 700 magazines, TV 2 in Norway and several book publishers. Egmont is a commercial foundation that generates revenue amounting to EUR 1.6 billion and donate more than EUR 13 million a year to help improve the lives of children and young people.