Lionsgate nabs stake in Roadside

Studio closes deal for minority share

Lionsgate has closed a deal to purchase a minority ownership stake in indie distributor Roadside Attractions.

“With Lionsgate’s investment in Roadside Attractions, we are celebrating Lionsgate’s origins as a platform for distinctive and truly independent films,” said Lionsgate prexy Tom Ortenberg. “The Roadside team has consistently shown taste and savvy in distributing pictures like ‘Amazing Grace,’ ‘Ladies in Lavender’ and ‘Super Size Me.'”

The deal’s been in the works for several months in the wake Roadside exiting its partnership with IDP earlier this year. In its announcement Thursday, Lionsgate said its investment is passive and Roadside will remain autonomous with 12 to 14 releases annually.

Under the deal, Roadside theatrical releases will be distributed through Lionsgate in home entertainment and all ancillary markets.

“Amazing Grace,” directed by Michael Apted, has been Roadside’s biggest grosser with domestic box office over $21 million.

Roadside toppers Howard Cohen and Eric d’Arbeloff said the deal provides the four-year-old company with the resources to get to the next level. “Lionsgate’s investment will allow Roadside to both continue hitting our “singles and doubles” such as our releases of ‘Sarah Silverman: Jesus Is Magic’ and ‘Boynton Beach Club’ as well as to hit more homeruns like ‘Amazing Grace.'”

More Film

  • No Merchandising. Editorial Use Only. No

    'Yellow Submarine': A Dazzling Revival Everyone Should See (Especially the New Leaders of Pixar)

    Lionsgate has closed a deal to purchase a minority ownership stake in indie distributor Roadside Attractions. “With Lionsgate’s investment in Roadside Attractions, we are celebrating Lionsgate’s origins as a platform for distinctive and truly independent films,” said Lionsgate prexy Tom Ortenberg. “The Roadside team has consistently shown taste and savvy in distributing pictures like ‘Amazing […]

  • Elsie Fisher appears in I Think

    'Eighth Grade' Rules Indie Box Office With Top Screen Average of 2018

    Lionsgate has closed a deal to purchase a minority ownership stake in indie distributor Roadside Attractions. “With Lionsgate’s investment in Roadside Attractions, we are celebrating Lionsgate’s origins as a platform for distinctive and truly independent films,” said Lionsgate prexy Tom Ortenberg. “The Roadside team has consistently shown taste and savvy in distributing pictures like ‘Amazing […]

  • International Box Office: 'Hotel Transylvania 3'

    'Hotel Transylvania 3' Climbs Past 'Skyscraper' at International Box Office

    Lionsgate has closed a deal to purchase a minority ownership stake in indie distributor Roadside Attractions. “With Lionsgate’s investment in Roadside Attractions, we are celebrating Lionsgate’s origins as a platform for distinctive and truly independent films,” said Lionsgate prexy Tom Ortenberg. “The Roadside team has consistently shown taste and savvy in distributing pictures like ‘Amazing […]

  • Box Office: 'Skyscraper' Underperforms; 'Hotel Transylvania

    Box Office: 'Skyscraper' Gets Rocky Start as 'Hotel Transylvania 3' Checks In at No. 1

    Lionsgate has closed a deal to purchase a minority ownership stake in indie distributor Roadside Attractions. “With Lionsgate’s investment in Roadside Attractions, we are celebrating Lionsgate’s origins as a platform for distinctive and truly independent films,” said Lionsgate prexy Tom Ortenberg. “The Roadside team has consistently shown taste and savvy in distributing pictures like ‘Amazing […]

  • Mitzi Gaynor and Nancy Sinatra Sr.

    Nancy Sinatra Sr., Frank Sinatra's First Wife, Dies at 101

    Lionsgate has closed a deal to purchase a minority ownership stake in indie distributor Roadside Attractions. “With Lionsgate’s investment in Roadside Attractions, we are celebrating Lionsgate’s origins as a platform for distinctive and truly independent films,” said Lionsgate prexy Tom Ortenberg. “The Roadside team has consistently shown taste and savvy in distributing pictures like ‘Amazing […]

  • No Merchandising. Editorial Use Only. No

    'There's Something About Mary' at 20: Cameron Diaz, the Farrelly Brothers on 'Hair Gel' Scene and Other Raunchy Gags

    Lionsgate has closed a deal to purchase a minority ownership stake in indie distributor Roadside Attractions. “With Lionsgate’s investment in Roadside Attractions, we are celebrating Lionsgate’s origins as a platform for distinctive and truly independent films,” said Lionsgate prexy Tom Ortenberg. “The Roadside team has consistently shown taste and savvy in distributing pictures like ‘Amazing […]

  • 'Hotel Transylvania 3' Box Office: Sony

    'Hotel Transylvania 3' Sailing to $40 Million-Plus Debut, 'Skyscraper' to Disappoint

    Lionsgate has closed a deal to purchase a minority ownership stake in indie distributor Roadside Attractions. “With Lionsgate’s investment in Roadside Attractions, we are celebrating Lionsgate’s origins as a platform for distinctive and truly independent films,” said Lionsgate prexy Tom Ortenberg. “The Roadside team has consistently shown taste and savvy in distributing pictures like ‘Amazing […]

More From Our Brands

Access exclusive content