Lionsgate, Media Capital Technologies Sign ‘Significant’ Multi-Year Slate Financing Deal (EXCLUSIVE)
variety.comBrent Lang Executive Editor Lionsgate, the studio behind “The Hunger Games” and “Saw” franchises, and Media Capital Technologies (MCT), a specialty finance company, have signed a slate co-financing agreement.
As part of the pact, MCT will make what is being described as “a significant investment” in Lionsgate’s film slate. The deal is for a multi-year period.
Financial terms of the agreement were not disclosed. “We’re delighted to have the opportunity to make a long-term investment in Lionsgate’s diversified slate of commercially exciting films, spanning a broad range of genres, budgets and distribution models,” said MCT CEO Michael Lambert and chairman Christopher Woodrow. “We’re pleased with the results our partnership has already achieved and look forward to continued collaboration on a deep slate of titles distinguished by their strong box office appeal, driven by world-class talent and assembled by a management team with a great track record.” “This agreement is an affirmation of the depth and quality of films at every level of our slate,” said Lionsgate Motion Picture Group Chair Adam Fogelson.
Read more on variety.com