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Summit Entertainment was founded in 1991 [2] by film producers Bernd Eichinger, Arnon Milchan, and Andrew G. Vajna ( Carolco Pictures and Cinergi) to handle film sales in foreign countries. [2] Summit officially launched in 1993 by Patrick Wachsberger, Bob Hayward, and David Garrett under the name Summit Entertainment LP as a distribution and ...
- July 26, 1991; 32 years ago
- Lions Gate Entertainment
- Universal City, California (2007–2012), Santa Monica, California (2012–present)
- Motion pictures
Website. www .lionsgate .com /movies /. Lionsgate Films (formerly known as Cinépix Film Properties) is a Canadian-American [2] film production and film distribution studio founded in Canada, now a division of Lionsgate Studios headquartered in Santa Monica. It is the largest and most successful mini-major film studio in North America.
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Lionsgate has acquired Summit Entertainment for a combination of cash and stock valued at $412.5 million. This acquisition effectively turns Lionsgate into a teen super studio, as they now hold ...
Jan 13, 2012 · Summit Entertainment, LLC is a worldwide theatrical motion picture development, financing, production and distribution studio. The studio handles all aspects of marketing and distribution for both ...
- History
- Distribution
- Films
- Divisions
- Studio Complexes
- Television
- Media Networks
- Assets
- Libraries
- Corporate Governance
Early history
Lionsgate was formed in 1997 by Frank Giustra, whose $16 million investment was augmented by $40 million from investors including Keyur Patel and Yorkton Securities' executives such as G. Scott Paterson. Giustra had recently retired as CEO from Yorkton, an investment bank, and Paterson was then president. Giustra then merged Lionsgate with Toronto Stock Exchange-listed Beringer Gold Corp. (founded in 1986) to take the company public. Beringer's mining assets were soon sold off.
Acquisitions
Lionsgate then began a series of acquisitions to get into the film industry. The company bought a number of small production facilities and distributors, starting with Montreal-based Cinépix Film Properties (renamed as Lions Gate Films) and North Shore Studios (renamed Lions Gate Studios) in Vancouver, British Columbia. Mandalay Television was acquired by Lionsgate from Peter Guber for a 4% Lionsgate stake. In 1998, Lionsgate helped Guber form Mandalay Pictures with a 45% investment in Mandal...
Expansion
Additional acquisition funding arrived in January 2000 as a $33.1 million investment from an investor group that included Paul Allen, former Sony Pictures executive Jon Feltheimer, German broadcasting company Tele-Munchen, and SBS Broadcasting SA. This led to Feltheimer taking over as CEO from Giustra thus the passed over Doroniuk left the company. Feltheimer increased film making including several $1 million films at Avalanche. However, Federgreen still remains one of the major owners of the...
The distribution of selected recent non-in-house films for pay-per-view and on-demand are under the supervision of NBCUniversal Syndication Studios under Universal Pictures (Universal formerly held home video and television rights to many of the early Lionsgate films), while all others (particularly the in-house films) are distributed for both cabl...
Aside from home video distribution of films sub-licensed from other studios, Lionsgate's library consists of its own in-house productions, as well as films from Summit Entertainment and several defunct studios, including Trimark Pictures (acquired in 2000), Artisan Entertainment (acquired in 2003), Overture Films (Starz's former feature film divisi...
Home entertainment
Before Lions Gate Films Home Entertainment was formed, Lions Gate's video releases were distributed by Universal Studios Home Video and Columbia TriStar Home Video. Lions Gate Films decided to create two home video labels: Avalanche Home Entertainment, which released smaller Canadian B-movies on video and DVD; and Sterling Home Entertainment (a joint venture with Scanbox International, a Danish film company), which released American low-budget movies on video and DVD in the late 1990s. In Jun...
Lionsgate Interactive Ventures and Games
Lionsgate Interactive Ventures and Games is the video game development division of Lionsgate. It was founded in April 2014 and is headed by Nerdist Industries co-founder Peter Levin. This division is dedicated to producing and distributing multiplatform games based on Lionsgate franchises, and investing in digital businesses. One of these franchises was Blair Witch, with Lionsgate Games publishing a Blair Witchgame in 2019.
Lionsgate Entertainment World
Lionsgate Entertainment World is an indoor interactive experience centre based on Lionsgate's blockbuster film franchises, such as The Hunger Games, The Divergent Series and Now You See Me, opened on Hengqin, Zhuhai, China in the first half of 2019. The Lionsgate project is an investment by Hong Kong conglomerate Lai Sun Group and designed and produced by Thinkwell Group.
Lionsgate Studios Yonkers
On September 5, 2019, Great Point Capital Management signed a deal with Lionsgate to build a new production facility in Yonkers, New York, with Lionsgate becoming a long-term anchor tenant and investor. As the anchor tenant, Lionsgate will have naming rights to the studio. Construction on the site will start in November, and the facility will be running in late autumn 2020. The $100 million complex will include three 20,000-square-feet and two 10,000-square-feet stages, a fully operational ba...
Lionsgate Newark studio
In 2022, the city of Newark, New Jersey announced that a major new film and television production studio overlooking Weequahic Park and Weequahic Golf Course, Lionsgate Newark Studios, would open in 2024 on the 15-acre former Seth Boyden housing projects site at 101 Center Terrace in the Dayton section of the city near Evergreen Cemetery. Lionsgate Newark will partner on public relations and community affairs with the New Jersey Performing Arts Center.
Lionsgate Television produced such series as Nashville, Anger Management, The Dead Zone, 5ive Days to Midnight, Weeds, Nurse Jackie, Boss, Tyler Perry's House of Payne and the Emmy Award-winning Mad Men. Lionsgate also acquired TV syndication firm Debmar-Mercury in 2006 with CBS Television Distribution handling ad-sales with the exception for Meet ...
The company owns Starz, a premium-tier cable network and streaming service, and related channels including Starz Encore, and MoviePlex. In addition, Lionsgate also owns FAST streaming channels MovieSphere by Lionsgate, OuterSphere by Lionsgate, HerSphere by Lionsgate and Ebony TV by Lionsgate (in a joint venture with Ebony Media Group). It also own...
Lionsgate Global Franchise ManagementLionsgate MusicLionsgate Home EntertainmentLionsgate Interactive Ventures and GamesFormer
1. eOne Television 2. ITC Entertainment 3. Miramax 3.1. Dimension Films (pre-2005) 4. Mandalay Pictures
Board of Directors as of July 2021: Chairman of the Board of Directors 1. Mark Rachesky, M.D., founder and president of MHR Fund Management Directors 1. Michael Burns, vice-chairman of Lionsgate 2. Mignon Clyburn, president of MLC Strategies 3. Gordon Crawford, former Capital Research executive 4. Jon Feltheimer, CEO of Lionsgate 5. Emily Fine, exe...
- 2700 Colorado Avenue, Santa Monica, California, U.S.
Jan 14, 2012 · VANCOUVER - Film studio Lions Gate (NYSE:LGF) has acquired Summit Entertainment, the maker of the teen hit "Twilight" series. The price tag of the cash and share deal, announced late Friday, is ...
Summit Entertainment is a film studio that was originally founded in 1991 by Bernd Eichinger, Arnon Milchan, and Andrew G. Vajna to handle foreign sales, and officially launched in 1993 by Rob Friedman and Patrick Wachsburger as a limited partnership (LP). The studio was originally a production/distribution/sales organization, which usually co ...
