Magazine article Screen International

Lionsgate Secures $375M from Hunan TV

Magazine article Screen International

Lionsgate Secures $375M from Hunan TV

Article excerpt

Provincial broadcaster will be funding 25% of Lionsgate's $1.5bn film and TV production slate, excluding The Hunger Games and Divergent franchises.

China's Hunan TV is providing Lionsgate Entertainment with production financing of $375m as part of a wider three-year deal.

The powerful provincial broadcaster will be funding 25% of Lionsgate's $1.5bn film and TV production slate, although its understood that the Hunger Games and Divergent franchises will be excluded from the deal.

In addition, Lionsgate will distribute some of Hunan's Chinese-language films outside the US and the two companies are also expected to work on US-China co-productions aimed at the China market.

The deal, first signalled by Hunan TV in a stock exchange filing in January, will be officially announced at a press conference in Changsha, capital of China's Hunan province, on March 18.

Among those in attendance will be Lionsgate chief executive Jon Feltheimer, co-COO Brian Goldsmith, Summit Entertainment co-chairman Patrick Wachsberger and Lionsgate international sales chief, Wendy Reeds. …

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