Lionsgate (NYSE: LGF.A, LGF.B), a premier next generation global content leader, has strengthened its presence in a key international territory by entering a new output agreement with Russian distributor Central Partnership for the distribution of Lionsgate and Summit Entertainment films in Russia and the Commonwealth of Independent States (CIS).
Central Partnership previously distributed only Summit titles in the territory, including box office successes such as the worldwide smash Now You See Me, Now You See Me 2, the Divergent franchise, the hit action sequel John Wick: Chapter Two and the global box office phenomenon La La Land, winner of six Academy Awards®. The deal was announced by Lionsgate Motion Picture Group Chairman Patrick Wachsberger and International COO Andrew Kramer along with GPM KIT’s CEO Rafael Minasbekyan and Central Partnership’s CEO Pavel Stepanov.
The new agreement will encompass both Lionsgate and Summit titles including Otto Bathhurst’s Robin Hood, the contemporary retelling of the classic legend starring Jamie Foxx and Taron Egerton, and the action thriller Granite Mountain, featuring Josh Brolin, Jennifer Connelly, Miles Teller, Jeff Bridges and Taylor Kitsch. Other films include Lionsgate/CBS Films’ American Assassin with stars Michael Keaton and Dylan O’Brien, the supernatural crime thriller Kin starring Jack Reynor, Academy Award® nominee James Franco and Zoë Kravitz, and Chaos Walking, based on theaward-winningyoung adult book trilogy and starring Daisy Ridley and Tom Holland.
“We’re proud to expand our longstanding relationship with our friends at Central Partnership, a world-class distributor who has done a terrific job of distributing our Summit titles in Russia and the CIS for years,” said Wachsberger and Kramer. “We look forward to bringing them one of our strongest and most commercially exciting slates ever.”
“This agreement is an important milestone in Gazprom-media’s strategy for delivering Russian viewers high-quality content across various platforms. I am glad that the global film leader Lionsgate can count on Central Partnership's experience and expertise. Partnering with Lionsgate will allow Central Partnership to expand the library of titles and to further strengthen its position in film distribution,” commented Gazprom-media's CEO Dmitry Chernyshenko.
“Lionsgate is a major creative force around the globe and continues to deliver a strong, reliable and diverse pipeline of blockbuster hits,” said Stepanov.
“We’re very excited to be working with Patrick and the rest of the Lionsgate family in taking our partnership to the next level by offering our audiences an even deeper slate of star-driven event films,” said CEO Group of Companies KIT Film and Television Rafael Minasbekyan.
“This extension of our relationship with Lionsgate is strategically significant for our company. It will encompass both Lionsgate and Summit titles and strengthen our distribution capacity by offering the market an even wider array of high-profile, commercially exciting films ,” said Central Partnership’s EVP International Armen Dishdishyan.
The agreement was negotiated by Lionsgate Executive Vice President of International Sales Crystal Bourbeau and Central Partnership’s EVP International Armen Dishdishyan.