Magazine article Screen International

Lionsgate, Hunan Seal Financing Pact

Magazine article Screen International

Lionsgate, Hunan Seal Financing Pact

Article excerpt

Pact covers titles such as Now You See Me 2 and Age of Adaline [pictured].

Lionsgate and Hunan TV have outlined details of their long-anticipated pact, under which the Chinese broadcaster's subsidiary TIK Films will co-finance "all qualifying Lionsgate feature films annually for the next three years".

The pact covers titles such as action adventure Gods of Egypt; Now You See Me 2, the sequel to Lionsgate's 2013 hit which grossed more than $350m; supernatural action thriller The Last Witch Hunter, starring Vin Diesel; thriller Sicario and romantic thriller Age of Adaline, starring Blake Lively and Harrison Ford.

TIK Films is also partnering with local distributor Leomus Pictures to distribute up to four of the co-financed films each year in China. In addition, Lionsgate, TIK and Leomus are planning several features together as US-China co-productions.

Leomus recently handled China distribution of Now You See Me and Escape Plan from Lionsgate's Summit Entertainment label. Escape Plan grossed $42m at the China box office, more than it did in North America.

While no figures were mentioned, it's understood that Hunan is contributing 25% or $375m of Lionsgate's $1. …

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