STX & Lionsgate In Talks For Strategic Partnership
deadline.comEXCLUSIVE: We hear that STX and Lionsgate are down the road on a new strategic deal that will see the latter distributing and marketing the former’s upcoming theatrical releases.
STX’s upcoming slate includes such titles as Guy Ritchie’s Operation Fortune: Ruse de Guerre, Michael Mann’s Ferrari, Greenland: Migration, and Neil Burger’s The Marsh King’s Daughter starring Daisy Ridley, Garrett Hedlund and Ben Mendelsohn, among movies.The two companies became close during STX’s go-shop period after Najafi Companies announced a $173M agreement to acquire the studio back in December.
STX opted to remain independent with Najafi and extra financing from Birch Grove LP and 777 Partners, thus divorcing from its merger with India’s Eros International as Deadline first reported.STX will remain an independent studio outside the Lionsgate deal with plans of producing 12-15 movies annually comprised of theatrical and streaming titles.The news of the upcoming STX and Lionsgate deal come in the wake of STX Entertainment Motion Picture Group Chairman Adam Fogelson heading to Lionsgate as their new Motion Picture Group Vice Chair.
Deadline reported that the Universal vet starts Sept. 1, and will oversee Lionsgate’s worldwide marketing and theatrical distribution, reporting to Lionsgate Motion Picture Group Chair Joe Drake.Lionsgate’s upcoming theatrical slate includes Fall on Aug.
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