Lionsgate, a premier next generation global content leader, and Hunan TV & Broadcast Intermediary Co. Ltd., one of China's leading media and entertainment companies, have established a partnership that includes a multiyear slate co-financing deal covering qualifying Lionsgate feature films.
Under this agreement, Hunan's wholly-owned TIK Films subsidiaries will co-finance all qualifying Lionsgate feature films annually for the next three years. In addition, Lionsgate, TIK and LEOMUS are already planning several feature film co-development and co-production projects in China.
"We're delighted to expand our relationship with one of the pre-eminent entertainment brands in China to build our film and television presence in that territory as well as to explore opportunities around the world," said Mr. Feltheimer. "This agreement reflects our strategy of teaming with entrepreneurial partners to expand our global operations in key markets while underscoring our commitment to a business model that mitigates risk."
Lionsgate is working with Hunan CATV Network Group Co., LTD., a subsidiary company of Hunan TV & Broadcast, which reaches over 15 million subscribers. Lionsgate is cooperating with major shareholder Hunan TV, the second most watched broadcaster in China, to explore opportunities for Hunan series outside China.
|Invested Company||Hunan TV|
|Estimated Cost||$375 million|
|Invested For||Hollywood filmmaking|