Lions Gate reacquires old titles in bid to build library revenues. (Media & Technology).Looking to bolster its film library, Lions Gate Entertainment
DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. distribution deals, reacquiring the rights to previous theatrical releases in addition to buying new rights as a third-party distributor Third-Party Distributor The name given to institutions that sell or distribute mutual funds to investors for fund management companies without direct relation to the fund itself. . Lions Gate bought back home video distribution rights to some of its most popular titles from Universal Pictures for an undisclosed sum. The deal encompasses 22 films, including "American Psycho American Psycho is a 1991 novel by Bret Easton Ellis. It is a first-person narrative of the life of a wealthy young Manhattanite and self-proclaimed serial killer. The graphic violence and sexual content was widely commented upon at the novel's release. ," "Gods and Monsters" and "Shadow of the Vampire. The deal stems from an agreement made four years ago in which Lions Gate gave Universal home video distribution rights to its larger theatrical releases in exchange for royalty payments. Lions Gate opted not to renew the agreement when it ended last August, but Universal kept the rights to the 22 movies released over the four-year period. (Lions Gate did, however, take over home video and DVD distribution for a few films before the deal ended, including "Monster's Ball," "Frailty" and "The Wash" in exchange for a fee.) "The core of this was to get back titles which were among the most important in out library," said Jon Feltheimer, Lions Gate's chief executive. "Given the boom right now in DVD, our ability to re-price and repackage re·pack·age tr.v. re·pack·aged, re·pack·ag·ing, re·pack·ag·es To package again or anew, especially in a more attractive package. re·pack these pictures as part of our library was very important." Separately, Lions Gate signed a home video distribution agreement with Palm Pictures, a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of production company. In that deal, Lions Gate purchased domestic home video distribution rights to 10 of Palm's films, including "Sex and Lucia" and "The Believer," in addition to upcoming releases. |
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