In 2003, the company bought the assets of Artisan Entertainment, which was best known for the release of The Blair Witch Project in 1999.
Lionsgate has differed greatly under different managers. The original company was founded by director Robert Altman, who named it after a Vancouver landmark, the Lions' Gate Bridge. Among Lionsgate's first films included 3 Women (1977) and A Wedding (1979). In 1981, Altman sold the company to Jonathan Taplin.
The current incarnation was initiated in 1997 by Frank Guistra , a Vancouver investment banker hoping to capitalize on the growing film industry in his home town. The company bought a number of small production facilities and distributors. Its first success was American Psycho, which began a trend of producing and distributing fare too controversial for the major American studios. Other successes included Affliction, Gods and Monsters, Dogma, and the Michael Moore documentary Fahrenheit 9/11 (which turned out to be the studio's highest grossing film in their history).
In 2000, Guistra left the firm and it was taken over by Jon Feltheimer and Micheal Burns. They decided to focus on the profits of videos and DVDs and began buying struggling firms that controlled large libraries. The two most notable acquisitions were Trimark and Artisan Entertainment. These two along with other firms gave Lionsgate the second largest DVD library of any company which includes Total Recall, Reservoir Dogs, On Golden Pond, Young Guns, Dirty Dancing and It's A Wonderful Life, in some cases via output deals with StudioCanal, ITC/Carlton, and Republic Pictures (the result of prior licensing deals with Lionsgate's home video predecessor Artisan).
Very rarely does Lionsgate co-produce films with major studios. For example, Lionsgate teamed with Miramax Films for the 2004 sequel Havana Nights and with Paramount Pictures for 2002's Narc and 2004's The Prince & Me. Lionsgate was also a silent partner in 20th Century Fox's 2004 sci-fi film The Day After Tomorrow. And also in 2004, for the first time ever, Lionsgate joined forces with independent rival United Artists in producing Hotel Rwanda. The company also has a television division that has made shows such as The Dead Zone. The company also recently has launched a record label.
Its continued success is demonstrated by celebrity support such as with the all-star cast of Crash (the first film from the studio to receive the Academy Award for Best Picture), combined with the success of Nicolas Cage's movie Lord of War, and even with Saw 2, which won its opening weekend at the box office *. Another important recent franchise is Tyler Perry's Diary of a Mad Black Woman and Madea's Family Reunion, which recently was the first film of 2006 to be the #1 Movie in America for two weeks in a row. These demonstrate its great power as an independent studio, slowly creeping to be proven worthy as a great competitor with the mainstream distributors.
Lionsgate has recently undergone an agreement with WWE Films to distribute movies such as See No Evil, which was released on May 19th, as well as the upcoming The Marine, starring John Cena to be released in September 2006.
Film distributors | Television production companies | Vancouver | Lions Gate Entertainment | Lionsgate
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