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Lionsgate Touts Cannes Sales of Over $250 Million

Slate includes two 'Mockingjay' titles

With its “Hunger Games” franchise leading the way, Lionsgate has sold more than $250 million in territorial rights to nine titles at Cannes.

The slate was led by the two “Mockingjay” titles, which will conclude “Hunger Games” franchise in November 2014 and November 2015, along with “Step Up 5,” football-themed drama “Draft Day,” “The Last Witch Hunter” and “A Little Chaos.”

Lionsgate, which bought Summit early last year for $412 million, said the Cannes sales total topped last year’s mark by more than 50%. It noted the $250 million figure for rights sales does not include revenues from territories where Lionsgate distributes directly such as the UK, or through distribution partnerships in Latin America and India.

The studio also presented footage from “The Hunger Games: Catching Fire” and “Divergent” along with stars Jennifer Lawrence, Liam Hemsworth and Sam Claflin and director Francis Lawrence at a Saturday gala.

Lionsgate was also selling Roman Polanski’s “Venus in Fur,” which is in competition; Thunder Road’s “John Wick,” starring Keanu Reeves as a retired hitman; and Blumhouse/Mosaic’s “Reawakening,” in which researchers bring back the dead.

Lionsgate signed a long string of multi-year output deals last year, including West Company for Russia and the CSI, Studiocanal in Germany, Nordisk in Scandinavia, Alliance’s Aurum Producciones in Spain, Metropolitan in France, Belga Films in Benelux and Roadshow Films in Australia.

The strong performances by the “Twilight” franchise and the first “Hunger Games” film, along with optimism that the company can successfully start new franchises such as “Divergent,” has fueled bullishness on Wall Street. Lionsgate stock has been trading at over $27 a share — more than three times its $8.60 price when Lionsgate acquired Summit 16 months ago.

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