The changes will occur when current agreements expire at the end of this year and next year. The goal of the agreement is to focus on original programming by, about and for women and underrepresented viewers.
Lionsgate and Starz have sealed a multiyear exclusive output deal for all theatrically released Lionsgate and Summit Label Films when current agreements expire at the end of 2021 and end of 2022. This agreement is the next logical step in capitalizing on the combination of our two companies," said Lionsgate CEO Jon Feltheimer. "It gives our brands and franchises an exciting new platform home, accelerates the convergence of our studio and platform businesses and will support Starz's continued growth into one of the world's leading premium subscription platforms."
Through the agreement, Starz will acquire franchises such as "John Wick," "Borderlands," directed by Eli Roth, "White Bird: A Wonder Story," Kelly Fremon Craig's "Are You There God? It's Me, Margaret," produced by James L. Brooks and adapted from the beloved Judy Blume classic, and The Hunger Games prequel "The Ballad Of Songbirds & Snakes," directed by Francis Lawrence and produced by Nina Jacobson.
Future installments of the "Saw" franchise will also be included under the deal. "We are immensely proud of our exciting, commercially broad and creatively varied film slate," said Lionsgate Motion Picture Group Chairman Joe Drake. "With a focus on attracting A-list storytellers and stars to collaborate on a slate filled with big branded entertainment, Lionsgate's content strategy amplifies and aligns perfectly with STARZ's premium high-end programming. This deal is a win for moviegoers as our films find an even broader post-theatrical audience on STARZ's streaming and traditional platforms."
The company intends to prioritize original programming focused on narratives by, about and for women and underrepresented viewers. The projects represent both, commercially successful and franchises that improve the quality of the consumer's experience."Demand for movies has never been greater, and this agreement has significant benefits for our Company, our consumers and our partners," said Lionsgate President of Worldwide Television Distribution Jim Packer. "It represents a great opportunity to continue monetizing our robust theatrical slate while supporting the continued strong growth of STARZ."
STARZ is a premium global subscription platform with 28 million subscribers, more than half of whom are streaming subscribers. It offers subscribers more than 7,500 premium television episodes and feature films, including STARZ original series, first-run movies, and other popular programming. It recently launched its vanguard #TakeTheLead initiative highlights its leadership in streaming premium content that spotlights a spectrum of women both in front of and behind the camera for audiences worldwide.
This agreement is the next logical step in capitalizing on the combination of our two companies. It gives our brands and franchises an exciting new platform home, accelerates the convergence of our studio and platform businesses and will support STARZ's continued growth into one of the world's leading premium subscription platforms.” Jon Feltheimer CEO, Lionsgate