Lionsgate: Difference between revisions

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{{Infobox company
| name = Lions Gate Entertainment Corp.
| logo = [[File:Lionsgate Logo.svg|frameless|class=skin-invert]]
| trade_name = Lionsgate
| type = [[Public company|Public]]
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| industry = [[Entertainment industry|Entertainment]]
| predecessors = {{ubl|[[Trimark Pictures]]|[[Family Home Entertainment|FHE Pictures]]|[[Artisan Entertainment]]|[[Koch Entertainment]]|Contender Entertainment Group|Medusa Communications & Marketing|[[Alliance Atlantis]] (content catalogue library assets)}}
| founded = {{Start date and age|1997|07|10}} in [[Vancouver]], [[British Columbia]], [[Canada]]
| founder = [[Frank Giustra]]
| successor = [[Lionsgate Studios]] (film and TV businesses)
| hq_location_cityhq_location = Vancouver, British Columbia, Canada<br>[[Santa Monica, California]], U.S.
| hq_location_country =
| area_served = Worldwide
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| subsid = {{ubl|[[Starz Inc.]]|[[Lionsgate Studios]] (87.2%)}}
| website = {{URL|https://www.lionsgate.com/|lionsgate.com}}
| footnotes = Financials {{as of|pre=fiscal year ended|2024|03|31|df=US|lc=y}}.<br/>References:<ref name="auto">{{cite web|last=Agency|first=RED Interactive|title=Corporate|url=https://investors.lionsgate.com/information-request/faq|website=www.lionsgate.com|language=en-us|access-date=June 15, 2020|archive-date=March 22, 2021|archive-url=https://web.archive.org/web/20210322041525/http://investors.lionsgate.com/information-request/faq|url-status=dead}}</ref><ref name="FY24">{{cite web|url=https://www.sec.gov/ix?doc=/Archives/edgar/data/929351/000092935124000012/lgfa-20240331.htm|title=FY 2024 Annual Report (Form 10-K) |publisher=U.S. Securities and Exchange Commission|date=May 30, 2024|access-date=May 31, 2024}}</ref>
}}
 
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==History==
===Formation===
Lionsgate was formed in 1997 by Frank Giustra, whose $16 million investment was augmented by $40 million from investors including Keyur Patel and Yorkton Securities' executives such as [[G. Scott Paterson]].<ref name="Investments">{{cite web|url=http://www.getfilings.com/sec-filings/100729/LIONS-GATE-ENTERTAINMENT-CORP-CN-_10-K.A/|title=Lions Gate Entertainment Corporation – United States Securities Commission Filing|publisher=United States Securities and Exchange Commission|access-date=July 11, 2014|archive-date=July 14, 2014|archive-url=https://web.archive.org/web/20140714215025/http://www.getfilings.com/sec-filings/100729/LIONS-GATE-ENTERTAINMENT-CORP-CN-_10-K.A/|url-status=live}}</ref> Giustra had recently retired as CEO from Yorkton, an investment bank, and Paterson was then president. Giustra then merged Lionsgate with [[Toronto Stock Exchange]]-listed Beringer Gold Corp. (founded in 1986) to take the company public. Beringer's mining assets were soon sold off.<ref name="Lionsgate Investors">"Lionsgate" [https://investors.lionsgate.com/phoenix.zhtml?c=62796&p=irol-faq Lionsgate Investors] {{webarchive|url=https://archive.today/20120719070651/http://investors.lionsgate.com/phoenix.zhtml?c=62796&p=irol-faq |date=July 19, 2012 }} http://investors.lionsgate.com {{Webarchive|url=https://web.archive.org/web/20200325060140/http://investors.lionsgate.com/phoenix.zhtml?c=62796&p=irol-faq |date=March 25, 2020 }} "Retrieved on May 23, 2012"</ref><ref name="History">{{cite web|url=http://www.fundinguniverse.com/company-histories/Lions-Gate-Entertainment-Corporation-Company-History.html|title=Lions Gate Entertainment Corporation – Company History|publisher=Funding Universe|access-date=October 14, 2011|archive-date=July 3, 2010|archive-url=https://web.archive.org/web/20100703121314/http://www.fundinguniverse.com/company-histories/Lions-Gate-Entertainment-Corporation-Company-History.html|url-status=live}}</ref><ref>{{cite web |last=Equity |first=Zacks |url=https://finance.yahoo.com/news/lions-gate-reorganizes-operations-130023112.html |title=Lions Gate Reorganizes Operations - Yahoo! Finance |publisher=Finance.yahoo.com |date=April 13, 2012 |access-date=September 9, 2012 |archive-date=December 1, 2012 |archive-url=https://web.archive.org/web/20121201034711/http://finance.yahoo.com/news/lions-gate-reorganizes-operations-130023112.html |url-status=live }}</ref>
 
Lionsgate then began a series of acquisitions to get into the film industry. The company bought a number of small production facilities and distributors, starting with [[Montreal]]-based [[John Dunning (film producer)|Cinépix Film Properties]] (which became the present-day '''[[Lionsgate Films]]''') and [[North Shore Studios]] (which became known as Lions Gate Studios, until its acquisition in 2006) in Vancouver, British Columbia. Mandalay Television was acquired by Lionsgate from [[Peter Guber]] for a 4% Lionsgate stake.
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====2018−2023: Acquisition targets====
In January 2018, it was reported that Lionsgate was being subject to a [[bidding war]] for a possible acquisition, with [[Amazon.comComcast]] (which went on to acquire [[Metro-Goldwyn-Mayer]] in 2022), [[Comcast]],and [[Sony Pictures]], [[Verizon Communications]], [[CBS Corporation]], and [[Viacom (2005–present)|Viacom]] (with CBS and Viacom [[2019 merger of CBS and Viacom|remerging]] into [[ViacomCBS]] in 2019; now known as Paramount Global as of 2022) having made offers.<ref>{{Cite news|url=https://www.investors.com/news/amazon-verizon-cbs-viacom-reportedly-in-talks-to-buy-lionsgate/|title=These 4 Tech, Media Giants Are In Talks To Buy Lionsgate|newspaper=Investor's Business Daily|access-date=2018-01-19|archive-date=January 20, 2018|archive-url=https://web.archive.org/web/20180120065648/https://www.investors.com/news/amazon-verizon-cbs-viacom-reportedly-in-talks-to-buy-lionsgate/|url-status=live}}</ref><ref>{{Cite news|url=https://deadline.com/2018/01/lionsgate-talks-amazon-verizon-cbs-viacom-1202244991/|title=Lionsgate Ripe For Takeover As Amazon, Verizon and CBS-Viacom Emerge As Potential Suitors|newspaper=Deadline|access-date=2018-01-19|archive-date=August 13, 2019|archive-url=https://web.archive.org/web/20190813135101/https://deadline.com/2018/01/lionsgate-talks-amazon-verizon-cbs-viacom-1202244991/|url-status=live}}</ref><ref name="fiercecable.com">{{Cite news|url=https://www.fiercecable.com/video/cbs-lionsgate-viacom-heat-up-media-space-m-a-rumors|title=CBS, Lionsgate, Viacom heat up media space M&A rumors|newspaper=FierceCable|access-date=2018-01-26|archive-date=March 7, 2018|archive-url=https://web.archive.org/web/20180307220716/https://www.fiercecable.com/video/cbs-lionsgate-viacom-heat-up-media-space-m-a-rumors|url-status=live}}</ref>
 
At the time, Lionsgate Vice Chairman [[Michael R. Burns|Michael Burns]] stated in an interview with [[CNBC]] that Lionsgate was mostly interested in merging with CBS and Viacom.<ref name="fiercecable.com"/> Viacom and Lionsgate were both interested in acquiring [[The Weinstein Company]].<ref name="thewrap.com"/>
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* [[Starz Inc.]]
** [[Starz]] ([[Pay television|Premium cable channels]] and [[streaming service]])
*** Lionsgate Play
*** Starzplay Arabia
** [[Starz Encore]]
** [[MoviePlex]]