×
You will be redirected back to your article in seconds

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.

More News

  • Best Motown Songs of All Time:

    The 60 Greatest Motown Songs of All Time

    It is difficult to think of a more impossible task than attempting to rate the 60 all-time greatest Motown songs. Founded in 1959 by Berry Gordy, not only has the label — originally a small independent out of Detroit — spawned more classics in the 60 years since its launch than many corporate-giant-owned major record [...]

  • Kanye West Surprises at Kid Cudi

    Kanye West Joins Kid Cudi for Surprise Coachella Set

    After a lackluster weekend one performance, Kid Cudi brought out the big guns — or gun, singular — for his weekend two set. Everyone’s problematic fave Kanye West made a “surprise” appearance at the very start of Cudi’s closing Sahara tent set, riling up the crowd with an opening performance of “Father Stretch My Hands, [...]

  • Brandi Carlile61st Annual Grammy Awards, Show,

    Brandi Carlile Takes Dave Grohl Busking in Seattle (Watch)

    Not all the surprise collaborations happened at Coachella this weekend. Seattle’s foremost male and female musical exports, Brandi Carlile and Dave Grohl, teamed up for a mini-set Saturday afternoon in their hometown, setting up shop as buskers in front of the popular shopping site Pike Place Market. Unlike most of weekend 2 of Coachella, this [...]

  • Contract Placeholder Business WGA ATA Agent

    Signs of Solidarity and Strain Emerge as Week 2 of WGA-Talent Agency Standoff Begins

    Hundreds of WGA members rallied solidly behind their union last week as the industry grappled with uncertainties spurred by the sudden break between writers and their talent agency representatives. But as the standoff heads into its second week, signs of strain among some WGA members are beginning to emerge. Shalom Auslander, author and creator of [...]

  • Jon Snow Arya Stark Game of

    'Game of Thrones' Final Season Vegas Odds Reveal Wild Theories

    With “Game of Thrones” hype at an all-time high, Las Vegas may be raking in as much money as the Iron Bank. HBO’s fantasy masterpiece has seized the gambling world’s attention nearly as much as the Super Bowl or Kentucky Derby. Fans spew countless theories on social media, such as which characters will be axed [...]

  • FX's 'Snowfall' Panel TCA Winter Press

    John Singleton Hospitalized After Suffering Stroke

    UPDATED with statements from John Singleton’s family and FX Networks John Singleton, the Oscar nominated director and writer of “Boyz N’ the Hood,” has suffered a stroke. Sources confirm to Variety that Singleton checked himself into the hospital earlier this week after experiencing pain in his leg. The stroke has been characterized by doctors as [...]

  • Childish Gambino Concert Review

    Chance the Rapper Appears at Childish Gambino's Weekend Two Coachella Set

    Though Childish Gambino’s weekend two Coachella set didn’t vary too much from his electrifying first one, it did feature a new but familiar face. When Gambino popped backstage during a band feature, accompanied by the cameramen that made his set in part like watching a concert film on a massive screen, Grammy winning musician Chance [...]

More From Our Brands

Access exclusive content