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KINGDOM STORY COMPANY RENEWS THREE-YEAR FIRST-LOOK DEAL WITH LIONSGATE

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Lionsgate and Kingdom Story Company have renewed their three-year first-look deal, extending their collaboration to ten years. Kingdom Story Company had its biggest year in 2024 with three films: Ordinary Angels, Unsung Hero, and The Best Christmas Pageant Ever. The latter exceeded expectations with a $10.8 million domestic box office opening ($12.2M/4-day). All three 2024 releases are expected to be profitable. The company also promoted Brandon Gregory to partner. The partnership focuses on delivering faith-based content that appeals to both religious audiences and mainstream viewers.

Lionsgate e Kingdom Story Company hanno rinnovato il loro accordo di prima visione triennale, estendendo la loro collaborazione a dieci anni. Kingdom Story Company ha registrato il suo anno migliore nel 2024 con tre film: Ordinary Angels, Unsung Hero e The Best Christmas Pageant Ever. Quest'ultimo ha superato le aspettative con un'apertura al botteghino nazionale di 10,8 milioni di dollari (12,2 milioni di dollari in 4 giorni). Tutti e tre i film del 2024 sono previsti come redditizi. L'azienda ha anche promosso Brandon Gregory a partner. La collaborazione si concentra sulla creazione di contenuti basati sulla fede che attraggono sia il pubblico religioso che quello mainstream.

Lionsgate y Kingdom Story Company han renovado su acuerdo de primera vista por tres años, extendiendo su colaboración a diez años. Kingdom Story Company tuvo su mejor año en 2024 con tres películas: Ordinary Angels, Unsung Hero y The Best Christmas Pageant Ever. Esta última superó las expectativas con una apertura en taquilla nacional de 10.8 millones de dólares (12.2 millones de dólares en 4 días). Se espera que las tres películas de 2024 sean rentables. La compañía también promovió a Brandon Gregory a socio. La asociación se centra en ofrecer contenido basado en la fe que atraiga tanto a audiencias religiosas como a espectadores convencionales.

라이온스게이트와 킹덤 스토리 컴퍼니는 3년간의 우선 계약을 갱신하여 협력을 10년으로 연장했습니다. 킹덤 스토리 컴퍼니는 2024년에 Ordinary Angels, Unsung Hero, The Best Christmas Pageant Ever라는 세 편의 영화로 가장 큰 해를 맞이했습니다. 후자는 1천만 8백 달러의 국내 박스오피스 오프닝(4일 동안 1천2백2십만 달러)으로 기대를 초과했습니다. 2024년 발표된 세 편 모두 수익성이 있을 것으로 예상됩니다. 회사는 또한 Brandon Gregory를 파트너로 승진시켰습니다. 이 파트너십은 종교 관객과 주류 시청자 모두에게 호소하는 신앙 기반 콘텐츠를 제공하는 데 중점을 두고 있습니다.

Lionsgate et Kingdom Story Company ont renouvelé leur accord de première option de trois ans, prolongeant leur collaboration à dix ans. Kingdom Story Company a connu sa meilleure année en 2024 avec trois films : Ordinary Angels, Unsung Hero et The Best Christmas Pageant Ever. Ce dernier a dépassé les attentes avec un ouverture au box-office national de 10,8 millions de dollars (12,2 millions de dollars sur 4 jours). Les trois sorties de 2024 devraient être rentables. L'entreprise a également promu Brandon Gregory au rang de partenaire. Le partenariat se concentre sur la production de contenus basés sur la foi qui attirent à la fois le public religieux et les spectateurs grand public.

Lionsgate und Kingdom Story Company haben ihren dreijährigen Erstlook-Vertrag erneuert und ihre Zusammenarbeit auf zehn Jahre ausgeweitet. Kingdom Story Company hatte 2024 mit drei Filmen ihr erfolgreichstes Jahr: Ordinary Angels, Unsung Hero und The Best Christmas Pageant Ever. Letzterer übertraf die Erwartungen mit einem nationalen Kinostart von 10,8 Millionen Dollar (12,2 Millionen Dollar an 4 Tagen). Von den drei Veröffentlichungen im Jahr 2024 wird erwartet, dass sie profitabel sind. Das Unternehmen beförderte außerdem Brandon Gregory zum Partner. Die Partnerschaft konzentriert sich darauf, glaubensbasierte Inhalte zu liefern, die sowohl religiöse Zuschauer als auch das allgemeine Publikum ansprechen.

Positive
  • Strong box office performance of 'The Best Christmas Pageant Ever' with $10.8M opening weekend
  • All three 2024 film releases expected to be profitable
  • Strategic partnership renewal securing content pipeline for next three years
Negative
  • None.

Insights

The renewed first-look deal between Lionsgate and Kingdom Story Company represents a significant strategic win for Lionsgate's content portfolio. The partnership has proven financially successful, with all three 2024 releases projected to be profitable. Most notably, "The Best Christmas Pageant Ever" demonstrated strong market performance with a $10.8 million opening weekend ($12.2 million 4-day).

Kingdom Story Company's focus on faith-based content provides Lionsgate with a reliable revenue stream in a specialized market segment. The company's track record of producing commercially viable faith-based films that also appeal to mainstream audiences strengthens Lionsgate's diversification strategy. This three-year extension ensures continued access to content that has demonstrated consistent profitability and audience engagement.

LIONSGATE'S "THE BEST CHRISTMAS PAGEANT EVER" CLOSES OUT KINGDOM'S BIGGEST SLATE YET

BRANDON GREGORY NAMED PARTNER

SANTA MONICA, Calif., Nov. 13, 2024 /PRNewswire/ -- Lionsgate and Kingdom Story Company announced today that the companies have agreed to renew their three-year first-look deal, extending the studios' total collaboration to ten years. The announcement was made by Adam Fogelson, chair, Lionsgate Motion Picture Group, and Kevin Downes, CEO, Kingdom Story Company.

The new deal puts a capstone on Kingdom Story Company's biggest slate yet as the companies collaborated on three films in 2024: Ordinary Angels, starring Hilary Swank and Alan Ritchson; Unsung Hero, the autobiographical film from five-time Grammy Award-winning artist Joel Smallbone, whose band for KING + COUNTRY is one of the most decorated and respected bands for faithful audiences; and The Best Christmas Pageant Ever, directed by Dallas Jenkins ("The Chosen"), an adaptation of the beloved classic children's book. The Best Christmas Pageant Ever exceeded tracking and industry expectations by opening with a strong $10.8 million at the domestic box office this past weekend ($12.2 M/4-day) and is positioned to continue playing through the holiday period.  Each of the Kingdom developed and produced films released in 2024 is expected to be profitable for the studio.

The company also announced that it has promoted Brandon Gregory, Kingdom Story Company's president and COO, to partner.

"Over the past decade, Kingdom films have established a unique ability to connect with their audiences in the faith community and beyond through high quality storytelling and exceptional productions, like their holiday hit The Best Christmas Pageant Ever," said Lionsgate Motion Picture Group Chair Adam Fogelson.  "We're proud to continue to collaborate with Kevin, Andy, Brandon and the entire team and thrilled that we are their creative home."

Kevin Downes, co-founder and chief executive officer of Kingdom Story Company, said, "2024 has been Kingdom Story Company's biggest year ever with a slate of three films. I couldn't be more proud of the incredible team of people who made it possible — from the filmmakers and cast to our executive team, marketing team, and especially our partners at Lionsgate, who have always championed our films and the audience they serve. Our goal is to share stories that ignite a rush of hope, and we are proud that each of our films this year has not only entertained but also sparked conversations about faith and resilience when needed more than ever."

"The power of redemptive storytelling continues to find its voice. At Kingdom Story Company, we are honored to be a part of expanding the quality of films for the faith audience that we love. Seeing that growth extend into the mainstream is a dream come true," added Andrew Erwin, co-founder and chief creative officer of Kingdom Story Company.

On Gregory's appointment as partner, Tony Young, chairman/partner of Kingdom Story Company, said, "Brandon brings a unique combination of skills: a rigorous business sense that keeps the company on track, a deep love of movies that makes entertainment the only business for him, and a fierce commitment to the mission behind the movies we make at this company. Perhaps the only thing as important as what we do is who we work with, and this promotion ensures that we'll be working with Brandon for many years to come."

About Lionsgate Studios
Lionsgate Studios (Nasdaq: LION) is one of the world's leading standalone, pure play, publicly-traded content companies. It brings together diversified motion picture and television production and distribution businesses, a world-class portfolio of valuable brands and franchises, a talent management and production powerhouse and a more than 20,000-title film and television library, all driven by Lionsgate's bold and entrepreneurial culture.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/kingdom-story-company-renews-three-year-first-look-deal-with-lionsgate-302303681.html

SOURCE Kingdom Story Company

FAQ

What was The Best Christmas Pageant Ever's opening weekend box office for Lionsgate (LION)?

The Best Christmas Pageant Ever opened with $10.8 million at the domestic box office ($12.2M over 4-day weekend).

How many films did Kingdom Story Company release with Lionsgate (LION) in 2024?

Kingdom Story Company released three films with Lionsgate in 2024: Ordinary Angels, Unsung Hero, and The Best Christmas Pageant Ever.

How long is the new first-look deal between Kingdom Story Company and Lionsgate (LION)?

The new first-look deal is for three years, extending the total collaboration between the companies to ten years.

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