Sony Pictures and Lionsgate Team Up on New Multi-Year Physical Home Entertainment Distribution Agreement
Lionsgate has entered a multi-year agreement with Sony Pictures Home Entertainment (SPHE) for the distribution of its physical home entertainment releases in the United States and Canada. This collaboration, effective from July 2021, allows Lionsgate to maintain its independent sales while benefiting from SPHE's advanced distribution services. Both companies express enthusiasm for this partnership, aiming to enhance their efficiency and service to retailers and consumers. This agreement is expected to strengthen their business operations and provide better content delivery.
- Partnership with SPHE enhances distribution efficiency.
- Maintains Lionsgate's independent sales approach.
- Expected to strengthen business operations.
- None.
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
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