CULVER CITY, Calif. and
SANTA MONICA, Calif., Feb. 26, 2021 /PRNewswire/ -- Sony Pictures
Home Entertainment, Inc. ("SPHE") and global content leader
Lionsgate (NYSE: LGF.A, LGF.B) today announced a multi-year
agreement in which SPHE will handle distribution services for
Lionsgate's physical home entertainment releases in the United States and Canada. Lionsgate will continue to maintain
its own independent sales and marketing teams while leveraging
SPHE's best-in-class supply chain and distribution services. The
agreement was jointly announced by Jason
Spivak, Executive Vice President, Distribution, Sony
Pictures Home Entertainment, and Ron
Schwartz, President, Worldwide Distribution, Lionsgate
Motion Picture Group.
"We're excited to embark on this new relationship with Lionsgate
in physical home entertainment," said 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," said 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."
SPHE will begin distributing Lionsgate physical home
entertainment properties in July.
About Sony Pictures Entertainment
Sony Pictures
Entertainment (SPE) is a subsidiary of Tokyo-based Sony Corporation. SPE's global
operations encompass motion picture production, acquisition, and
distribution; television production, acquisition, and distribution;
television networks; digital content creation and distribution;
operation of studio facilities; and development of new
entertainment products, services and technologies. Sony Pictures
Television operates dozens of wholly-owned or joint-venture
production companies around the world. SPE's Motion Picture Group
production organizations include Columbia Pictures, Screen Gems,
TriStar Pictures, 3000 Pictures, Sony Pictures Animation, Stage 6
Films, AFFIRM Films, Sony Pictures International Productions, and
Sony Pictures Classics. For additional information, visit
http://www.sonypictures.com/corp/divisions.html
About Lionsgate
Combining the STARZ premium global
subscription platform with world-class motion picture and
television studio operations, Lionsgate (NYSE: LGF.A, LGF.B) brings
a unique and varied portfolio of entertainment to consumers around
the world. Its film, television, subscription and
location-based entertainment businesses are backed by a
17,000-title library and the largest collection of film and
television franchises in the independent media space. A
digital age company driven by its entrepreneurial culture and
commitment to innovation, the Lionsgate brand is synonymous with
bold, original, relatable entertainment for the audiences it serves
worldwide.
For further information, please contact:
Tahra Grant
Sony Pictures Entertainment
Tahra_Grant@spe.sony.com
Stacy Weitz
Sony Pictures Entertainment
Stacy_Weitz@spe.sony.com
Tiffany Olivares
Lionsgate Home Entertainment
310-255-3651
Tolivares@lionsgate.com
Peter D. Wilkes
310-255-3726
pwilkes@lionsgate.com
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SOURCE Lionsgate