Lionsgate and Sony have made a multi-year settlement wherein the latter will deal with distribution of the previous’s bodily house leisure releases within the U.S. and Canada.
While many main studios have collapsed their advertising and marketing and distribution ops to focus collectively on theatrical and streaming releases, what is just happening right here is that Lionsgate is getting a brand new house leisure distribution companion. Lionsgate use to distribute their DVDs, and so forth by twentieth Century Fox. Following Fox’s acquisition by Disney, that deal will lapse in July, and the brand new one with Sony will begin.
Similar to their cope with Fox, Lionsgate will proceed to take care of its personal impartial gross sales and advertising and marketing groups whereas leveraging Sony’s provide chain and distribution providers. The settlement was collectively introduced by Jason Spivak, EVP, Distribution, Sony Pictures Home Entertainment, and Ron Schwartz, President, Worldwide Distribution, Lionsgate Motion Picture Group.
Helen Mirren Joins Gillian Anderson In Lionsgate’s ‘White Bird: A Wonder Story’
“We’re excited to embark on this new relationship with Lionsgate in physical home entertainment,” stated Spivak. “By working together, we can identify and leverage efficiencies in the supply chain that will benefit not only our respective studios, but also retailers, and ultimately, the millions of consumers who enjoy Sony Pictures and Lionsgate feature films and TV programs in the 4K UHD, Blu-ray and DVD formats.”
“We’re pleased to be working with Sony Pictures, a respected world-class distributor who shares our philosophical commitment to the customer,” stated Schwartz. “This collaboration makes both our businesses even stronger, and our new agreement enhances our ability to serve the retail community and consumers with innovation, adaptability and strong content slates in the years to come.”
As was touted earlier this week, Paramount+ will embrace standard Lionsgate motion pictures like The Hunger Games of their library when it launches on March 4.