Lionsgate has renewed and expanded its output deal with Leone Film Group S.p.A. in Italy to distribute theatrical titles from the Lionsgate and Summit Entertainment labels.

The agreement covers the next two Shailene Woodley films in the “Divergent” series, “Allegiant” and “Ascendant,” the adventure fantasy “Gods of Egypt,” “Now You See Me 2,” “Deepwater Horizon” and the live action “Power Rangers” film. The next movie to be released under the deal by Leone will be Vin Diesel’s “The Last Witch Hunter.”

The output arrangement with Leone Film Group is managed by Crystal Bourbeau of Lionsgate. The announcement is the latest in a series of new or renewed output deals for the studio around the world, including Metropolitan in France.

The studio announced on Sept. 30 that Disney’s Buena Vista International would handle films for Russia and the Commonwealth of Independent States.

Lionsgate has also recently announced output deals with StudioCanal in Germany, Nordisk in Scandinavia and Belga in Benelux.

The deals are a key component in Lionsgate’s strategy of minimizing its risk in financing films. Its average exposure per film has been about $13 million.