Lions Gate Entertainment

Lions Gate Entertainment Corporation (or Lionsgate) is a Canadian–American entertainment company. The company was formed on July 3, 1997 in Vancouver, British Columbia, and is headquartered in Santa Monica, California. As of November 2013, it is the most commercially successful mini major film and television distribution company in North America and the seventh most profitable movie studio. Lionsgate Films is not to be confused with Robert Altman's former company, Lion's Gate Films, although both names refer to the same Vancouver landmark, the Lions Gate Bridge.

History

Lions Gate Entertainment Corporation (Lionsgate) was formed in 1997 by Frank Giustra and Avi Federgreen with a $16 million investment including another $40 million from other investors which included Keyur Patel and Yorkton Securities' executives such as G. Scott Paterson. 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.