69-481: CBS Films Inc. was an American film production and distribution company founded in 2007 as a subsidiary of CBS Corporation and was considered a mini-major studio up until 2019. CBS Films originally was planned to distribute, develop and produce four to six $ 50 million budget films a year. After October 11, 2019, CBS Films was re-configured to be a production company for television films to be carried by CBS All Access (now Paramount+ ). The CBS network had formed
138-571: A $ 13.4 million line of credit. Additional acquisition funding arrived in January 2000 as a $ 33.1 million investment from an investor group that included Paul Allen , former Sony Pictures executive Jon Feltheimer , German broadcasting company Tele-Munchen, and SBS Broadcasting SA. This led to Feltheimer taking over as CEO from Giustra thus the passed over Doroniuk left the company. Feltheimer increased film making including several $ 1 million films at Avalanche. However, Federgreen still remains one of
207-399: A $ 4.6-billion value on Lionsgate Studios and the deal was closed on May 7, 2024. The company was launched on May 14, 2024 and it has been trading on Nasdaq via the stock symbol LION. Lionsgate will remain the controlling shareholder owning around 87% of Lionsgate Studios following the split. Lionsgate Interactive Ventures and Games is the video game development division of Lionsgate. It
276-734: A 10-year license that allowed Cedar Fair to use the Paramount name in the parks through the 2017 season. On February 7, 2007, CBS sold seven smaller-market stations in Providence, Rhode Island , Austin, Texas , Salt Lake City and West Palm Beach, Florida to Cerberus Capital Management for US$ 185 million. It sold another station, WFRV-TV in Green Bay, Wisconsin , and its satellite station, WJMN-TV in Escanaba , Michigan , to Liberty Media on February 13, 2007. News reports estimate
345-540: A 25% stake on The WB) and CBS Television Stations contributed its stations as new network affiliates. On May 23, 2006, CBS Corporation sold Paramount Parks to the Cedar Fair Entertainment Company . With this acquisition, Cedar Fair became the third-largest theme park operator. On June 30, 2006, Cedar Fair completed its acquisition of Paramount Parks from CBS Corporation in a cash transaction valued at US$ 1.24 billion. The transaction included
414-585: A 49% stake in TV Guide Network and website to One Equity Partners under pressure from shareholder Carl Icahn . Lionsgate cut back its slate of films per year by four in February 2009. In April, Relativity Media signed with Lionsgate for a 5 picture per year multi-year film distribution. In August, Lionsgate signed with Redbox for a five-year same day release deal worth $ 158 million. Lionsgate, along with MGM and Paramount Pictures / Viacom ,
483-429: A CBS-Viacom merger for at least two years after the date of the settlement with former CEO Moonves, donating $ 20 million to groups supporting the #MeToo movement as result of his resign. On May 30, 2019, CNBC reported that CBS Corporation and Viacom would explore merger discussions in mid-June 2019. The company's board of directors was revamped with people who are open to a merger and the talks were made possible with
552-661: A Lionsgate subsidiary. The company agreed in August to lease term with New Mexico State Land Office and the city of Rio Rancho for a new 52.8 acres studio near Rio Rancho's under construction city center and arena. On July 26, 2007, Lionsgate bought a partial stake in independent film distribution company Roadside Attractions . Lionsgate started up Lionsgate Music by June 2007. On September 10, 2007, Lionsgate bought Mandate Pictures for $ 56.3 million, $ 44.3 million in cash and $ 12 million in stock, and taking on $ 6.6 million of Mandate's debt. Mandate Chief Executive Joe Drake returned to
621-631: A deal finalized in mid-December 2018. The deal gives the buyer the right to use the Television City name. Programs produced at Television City will continue to be based there as will CBS' international unit headquarters. On September 29, 2016, National Amusements sent a letter to the company and Viacom, encouraging the two companies to merge back into one company. On December 12, the deal was called off. On January 12, 2018, CNBC reported that Viacom had re-entered talks to merge back into CBS Corporation, after AT&T 's purchase of Time Warner
690-572: A joint investment of $ 195–400 million in Lionsgate and acquired a 3.4% stake in the company. Then on June 30, 2016, Lionsgate agreed to acquire Starz Inc. for $ 4.4 billion in cash and stock. As of December 2016, it became the parent company of Starz Inc. On November 12, 2015, Lionsgate created a partnership with Armenian American television producer Craig Piligian when the studio acquired more than 50% of his Pilgrim Studios company worth $ 200 million. Piligian retained his position as CEO of
759-551: A month after the bidding war announcement, Variety reported in a detailed article that toy manufacturing company Hasbro (which had collaborated with the company in the 2017 film My Little Pony: The Movie via its Allspark Pictures theatrical film financing unit which is in turn owned by its Allspark division) came close to also acquiring Lionsgate, but the deal fell through. Hasbro would later go on to acquire Entertainment One (eOne; another Canadian-founded business) on December 30, 2019. On October 3, 2019, Malone completed
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#1732790640362828-415: A new broadcast network, The CW . The network officially debuted on September 18, 2006. The network formally debuted on September 20 with the 2-hour premiere of America's Next Top Model . The network is the result of a merger of The WB (a Warner Bros. holding) and UPN (a CBS Corporation holding). CBS Corporation and Time Warner each owned 50% of the network. Tribune Broadcasting (which previously owned
897-432: A new entity known as ViacomCBS (now Paramount Global ), with Viacom CEO Bob Bakish as president and CEO of the new company and CBS CEO Ianniello as chairman and CEO of CBS and oversee CBS-branded assets. Shari Redstone will also serve as chairwoman of ViacomCBS. On October 29, 2019, National Amusements approved the re-merger deal, to be completed by early December 2019, with the recombined company trading on Nasdaq under
966-481: A possible merger with Lionsgate. On April 1, 2015, according to Deadline , Lionsgate announced it has created its new label, Lionsgate Premiere . This new label will handle up to 15 releases a year, targeting young audiences at theaters and digital outlets. The new label, part of the company's diversification effort, will incorporate Lionsgate and Summit Entertainment titles (including the Step Up film series and
1035-418: A previous CBS Films, Inc. as its syndication arm in 1952, which was later renamed CBS Enterprises in 1968, then later Viacom two years later, but due to fin-syn law being upheld in 1972, CBS was forced to spin off the company. CBS made a brief move into film production in 1967, creating Cinema Center Films and closed in 1972 as an unprofitable unit. In 1979 CBS launched a new theatrical films division, which
1104-595: A producer in March 2011. Baer was released after the ended of her contract in October, with a trio of senior executives left to head up the division. On April 23, 2012, CBS Films named Hammer and Terry Press Co-presidents. Press, who had been consulting for the studio since 2010, oversees creative, distribution, marketing and physical production. Hammer will oversees all business, finance, legal affairs and acquisitions, including financed, co-financed and completed projects for
1173-617: A reality-based television production company, for $ 2.75 million by issuing three convertible promissory notes. Giustra had the shareholders vote to move the company's public listing from the Toronto Stock Exchange to the American Stock Exchange , along with a two-for-one stock consolidation to qualify, for greater exposure that might boost share value. In January 1999, Roman Doroniuk was named president and chief operating officers of Lionsgate, which led to
1242-748: A romantic comedy The Back-up Plan , in April 2010. Opening over the five-day Thanksgiving weekend, Faster , its third film and the Dwayne Johnson action flick, was weak at the box office with a $ 12 million start. In August, the company purchased distribution rights for the first time for the remake movie, The Mechanic . CBS moved to replace Bruce Tobey, chief operations officer, with Wolfgang Hammer in November 2010. After releasing five films and only one gross over $ 30 million, CBS Films decided to change direction and become an acquirer of films rather than
1311-511: A sister company of CBS, making a theatrical subsidiary for the network superfluous. CBS Corporation The second incarnation of CBS Corporation (the first being a short-lived rename of the Westinghouse Electric Corporation ) was an American multinational media company with interests primarily in commercial broadcasting , publishing , and television production . It was formed on December 31, 2005, as
1380-529: A three-year deal for international distribution. The studio's launch seemed to well timed to its executives with the closure or restructuring of many film studios including the formerly prominent Metro-Goldwyn-Mayer (MGM), Miramax Films and Warner Independent Pictures . Also CBS was able to well market its films with all its parent corporation's advertising channels from broadcast to billboards. The studio released its first film, Extraordinary Measures , on January 22, 2010. CBS Films released its second film,
1449-436: Is Starz , a premium cable and satellite television network and streaming service that also includes sister channels Starz Encore and MoviePlex . In addition to the "Sphere" family of channels ("MovieSphere by Lionsgate", "OuterSphere by Lionsgate", "HerSphere by Lionsgate"), Lionsgate also operates other streaming services and FAST channels through various partnerships. In a joint venture with Ebony Media Group ,
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#17327906403621518-520: Is a Canadian-American entertainment company currently headquartered in Santa Monica, California . It was founded by Frank Giustra on July 10, 1997, and domiciled in Vancouver , British Columbia , being incorporated there. Up until 2024, Lionsgate owned film and TV studios under its own umbrella. They have since been spun off into Lionsgate Studios , of which Lionsgate owns 87%. Lionsgate
1587-503: The Red film series) and then specialize in "innovative multiplatform and other release strategies" to reach "affinity audiences with branded content and targeted marketing." Marketing and Research SVP Jean McDowell will handle marketing, with distribution to be run by Adam Sorensen, who currently manages Western Sales. On November 10, 2015, Malone's two other companies, Liberty Global and Discovery, Inc. (now Warner Bros. Discovery ), made
1656-623: The Twilight Saga films, for $ 412.5 million. The two companies have planned on merging since 2008. On October 6, 2012, Lions Gate Entertainment announced that Brian Goldsmith became the co-COO of the company and joining co-COO Steve Beeks. On November 18, 2012, Lionsgate announced it has passed over the $ 1 billion mark for the first time with the success of The Hunger Games and The Twilight Saga: Breaking Dawn – Part 2 . On December 23, 2013, Lionsgate announced they have crossed over $ 1 billion domestically and internationally for
1725-550: The Paramount Pictures library. Viacom's international presence could also benefit distribution. On March 30, 2018, CBS made an all-stock offer slightly below Viacom's market value and insisting that its existing leadership, including long-time chairman and CEO Les Moonves, oversee the re-combined company. Viacom rejected the offer as being too low, requesting an increase by $ 2.8 billion, and requesting that Bob Bakish be maintained as president and COO under Moonves. It
1794-500: The American parent company for Lionsgate's U.S. interests. The Lions Gate Media subsidiary was also formed to produce for television. Completing its first year of operation, Lionsgate had a revenue of $ 42.2 million with a loss of $ 397,000. The company share price dropped to a low of $ 1.40. This limited the corporation's ability to make acquisitions via stock swaps. Lionsgate instead made its next acquisition of Termite Art Productions,
1863-572: The Prince, and the Twist [1] . From January 2023, Lionsgate entered a movie distribution deal with Cineplex Pictures, a subsidiary of Toronto-based Cineplex Entertainment which will see the release of selected Lionsgate titles in Canada. In July 2023, Deadline reported that Lionsgate was a frontrunner to acquire Entertainment One from Hasbro. In August 2023, Lionsgate announced it would acquire
1932-630: The Viacom channels to be an "albatross," and while he favored more content for CBS All Access (now Paramount+), he believed that there were better deals for CBS than the Viacom deal, such as Metro-Goldwyn-Mayer (MGM), Lionsgate or Sony Pictures . Moonves also considered Bakish a threat as he never wanted an ally of Shari Redstone as a board member of the combined company. Following Moonves' resignation due to sexual harassment allegations, National Amusements agreed in September 2018 to defer any proposal of
2001-720: The Virgin actor Justin Baldoni 's first directing/producing effort based on an original script by Mikki Daughtry and Tobias Iaconis . On January 12, 2019, it was reported that CBS Films would release four theatrical films in 2019, then be folded into the main CBS Entertainment Group, switching its focus to creating original film content for CBS All Access . Jexi was CBS Films' final theatrical release on October 11, 2019. The ViacomCBS merger , which closed on December 4, 2019, returned Paramount Pictures to being
2070-546: The acquisition, Lionsgate relocated from Marina del Rey to Artisan's headquarters in Santa Monica. In 2004, Erik Nelson reacquired Termite Art and renamed it to Creative Differences. Lionsgate partnered with Panamax Films in 2005 to make movies for the Latino market which only produced two films. On April 13, 2005, Lionsgate spun off its Canadian distribution unit into a new distribution unit called Maple Pictures under
2139-551: The company as co-chief operating officer of its film unit. By July 2008, Lionsgate has not made any progress on building its new film studio in Rio Rancho or on setting up the corporation to run the studio per its agreement with New Mexico. In November, Lionsgate Music established a joint venture with music publishing company Wind-up Records . In January 2009, Lionsgate purchased TV Guide Network and TVGuide.com from Rovi for $ 255 million cash. In May 2009, Lionsgate sold
CBS Films - Misplaced Pages Continue
2208-407: The company into two firms. The CBS Corporation name would be revived for one of the companies, to be headed by longtime television executive (and Viacom co-president) Les Moonves , and would include the namesake television network CBS , UPN , Infinity Broadcasting Corporation , Viacom Outdoor , Showtime Networks , and Paramount Television . The split was structured such that the second Viacom
2277-522: The company into two publicly traded companies, amid issues of the stock price stagnating and clashing corporate cultures between the cable and broadcast divisions, which came to a head with the Super Bowl XXXVIII halftime show controversy a year previous with the MTV -produced show causing controversy for game broadcaster CBS . On June 14, 2005, the Viacom board of directors approved the split of
2346-538: The company public. Beringer's mining assets were soon sold off. Lionsgate then began a series of acquisitions to get into the film industry. The company bought a number of small production facilities and distributors, starting with Montreal -based Cinépix Film Properties (which became the present-day Lionsgate Films ) and North Shore Studios (which became known as Lions Gate Studios, until its acquisition in 2006) in Vancouver, British Columbia. Mandalay Television
2415-553: The company while Pilgrim will continue to operate independently under Piligian. The deal made Lionsgate a major unscripted player. On July 13, 2016, Lionsgate acquired a minority stake in British unscripted television production startup company Primal Media. It was launched by Matt Steiner and Adam Wood, who originally launched Gogglebox Entertainment that was acquired by Sony Pictures Television . AT&T also owns an approximately 2% stake in Lionsgate. On December 15, 2017,
2484-459: The corporation's financial operations being moved in April to Doroniuk's offices in Toronto , Ontario while corporate headquarters remained in Vancouver , British Columbia. Lionsgate created US based Avalanche Films and acquired half of Sterling Home Entertainment , both in video sales. Again, Lionsgate registered losses in its second year of $ 9.3 million on revenues of $ 78.3 million with most of
2553-527: The deal at about US$ 234 million. CBS is swapping the stations and US$ 170 million in cash for 7.59 million shares of CBS common stock held by Liberty Media. On February 26, 2007, CBS began investing in Electric Sheep, which is a virtual world content developer. CBS hired Electric Sheep to develop some projects, including the creation of "The L-Word in Second Life". CBS also shot a commercial within
2622-558: The deal due to close in the third quarter of 2008. On July 2 CBS acquired CNET and put it under CBS Interactive . On February 14, 2013, CBS acquired a minority stake in AXS TV in exchange for programming and marketing. On March 26, CBS and Lionsgate entered a 50/50 joint venture to operate the TV Guide Network (TVGN) and TVGuide.com. On May 31, CBS bought the remaining half of TV Guide Digital from Lionsgate . The latter still retained its share of TVGN (later rebranded as Pop) until it
2691-673: The direction of two former Lionsgate executives, Brad Pelman and Laurie May. On August 1, 2005, Lions Gate Entertainment acquired the entire library of Modern Entertainment, the U.S. film division of the Swedish television company Modern Times Group . On October 17, 2005, Lionsgate acquired UK company Redbus Film Distribution for $ 35 million and became Lionsgate UK on February 23, 2006. On March 15, 2006, Lionsgate sold Lions Gate Studios to Bosa Development Corporation. On July 12, Lionsgate purchased Debmar-Mercury , an independent television distributor, which has continued operations as
2760-540: The division. Hammer moved CBS Films into becoming a major film acquisition mover thus allowing internal projects to development more. CBS's highest profile purchase was $ 4 million for Inside Llewyn Davis which won Cannes' Grand Prix and nominations for two Academy and 3 Golden Globe awards. On July 22, 2014, Hammer moved from being co-president to being a consultant for digital. In 2015, Lionsgate took over CBS Films' U.S. distribution and global sales functions. In 2017, Deadline.com reported CBS Films would finance Jane
2829-535: The first Viacom. It was the world's eighth largest entertainment company in terms of revenue and headquartered at the CBS Building in Midtown Manhattan , New York City . CBS Corporation announced on August 13, 2019, that it would merge with Viacom for the second time to form ViacomCBS (now known as Paramount Global ). The merger was completed on December 4. The first incarnation of Viacom
CBS Films - Misplaced Pages Continue
2898-534: The first half of 2019. The Lionsgate project is an investment by Hong Kong conglomerate Lai Sun Group and designed and produced by Thinkwell Group . In 2008, Lionsgate formed Celestial Tiger Entertainment (CTE) with Saban Capital Group and Celestial Pictures . CTE oversees the distribution rights of Lionsgate properties in Greater China and Southeast Asia . The distribution of selected recent non-in-house films for pay-per-view and on-demand are under
2967-440: The following year; re-establishing Lionsgate's Canadian roots. In December 2023, Lionsgate revealed its plan to split its film and television assets with Starz following the completion of the company's acquisition of eOne. The company's Studios division will merge with Screaming Eagle Corp., a special-purpose acquisition company led by Eli Baker, to form a separate publicly traded company, Lionsgate Studios . The transaction sets
3036-399: The hiring of Bruce Tobey as head of business affairs, legal, finance and video distribution. Amy Baer was hired in September 2007 as president and CEO for CBS Films. With CBS retaining ownership of Showtime and Viacom deciding to launch Epix in 2009 with Paramount films, this division was created to make content for the channel. On November 17, 2009, CBS signed with Sony Pictures for
3105-468: The legal successor of the original Viacom , following the spin-off of the second incarnation of Viacom ; both CBS Corporation and the second Viacom were controlled by National Amusements , a theater company owned by billionaire Sumner Redstone . CBS Corporation comprised the over-the-air television ( CBS and The CW ) broadcasting, television production and distribution , publishing , pay-cable , and recording assets that were previously owned by
3174-485: The losses from its stake in Mandalay Pictures. Thus in the summer, Lionsgate placed its studios up for sale with no buyers. TV operations were changed to non-network hourlong series over riskier network shows and ended its relationship with Mandalay Television. The corporation sought out more capital and cash with a filing of a preliminary prospectus for the sale of preferred stock and common stock warrants and
3243-439: The major owners of the company and is extremely involved in the making of all their major movies. In June, Lionsgate acquired Trimark Holdings, Inc. for approximately $ 50 million in stock and cash including taking on $ 36 million in debt. Lionsgate continued making acquisitions during the decade to boost distribution and its film library. On December 15, 2003, Lionsgate acquired Artisan Entertainment for $ 220 million. Following
3312-444: The motion picture and television assets of Entertainment One from Hasbro for $ 500 million. Included among the assets are the trademarks of Maple Pictures , which Lionsgate divested to Alliance Films in 2011. The studio is expected to also pay $ 375 million in cash and $ 125 million in production financing loans related to the purchase. The acquisition was completed on December 27, 2023, and eOne would later rebrand as "Lionsgate Canada"
3381-441: The resignation of Moonves, who opposed all attempts for a Viacom merger. The talks had started following rumors of CBS acquiring Starz from Lionsgate. Reports said that CBS and Viacom reportedly set August 8 as an informal deadline for reaching an agreement to recombine the two media companies. As part of the re-merger deal, CBS acquired Viacom for up to $ 15.4 billion. On August 13, 2019, CBS and Viacom agreed to merge into
3450-839: The sale of his stake in the studio. In April 2021, Lionsgate's Starz division filed an injunction in Brazil, Argentina and Mexico against The Walt Disney Company over the use of the Star+ brand in Latin America. The two companies would reach a settlement in August that same year. In July 2021, Lionsgate purchased an 18.9 percent equity stake in Spyglass Media Group and acquired the catalogue of The Weinstein Company from Spyglass. In 2024, Lionsgate optioned an Air Mail story written by Hannah Ghorashi, titled The Grift,
3519-570: The second year in a row with the success of The Hunger Games: Catching Fire , Now You See Me , Instructions Not Included , and Kevin Hart: Let Me Explain . On April 14, 2014, Comcast acquired the remaining stakes in Fearnet from Lionsgate and Sony Pictures Entertainment . On April 21, 2014, Lionsgate announced that they will merge its movie marketing operations. A few days later, on April 30, Lionsgate announced that
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#17327906403623588-567: The second-largest owner of radio stations in the United States. In the same year, CBS purchased Australian broadcaster Network 10 . The network was previously in voluntary administration . As of November 2018, CBS Corporation ranked 197th on the Fortune 500 list of the largest United States corporations by revenue. CBS Corp. sold Television City to Los Angeles real estate investment company Hackman Capital Partners for $ 750 million in
3657-630: The split, but instead, it dropped approximately 20 percent, while CBS Corporation rose 9 percent, that same year, Paramount Parks became a wholly-owned theme park unit of CBS Corporation. In January 2006, CBS and DIC Entertainment signed a multi-year deal in which DIC bought the Saturday morning airtime as "CBS's Saturday Morning Secret Slumber Party". In June 2006, DiC added a production partner AOL's KOL. Thus, this block would be called " KOL's Saturday Morning Secret Slumber Party on CBS ". On January 24, 2006, CBS Corporation and Warner Bros. created
3726-468: The studios will expand into the gaming development. In 2015, Lionsgate took over the distribution functions for CBS Films , the film division of CBS Corporation . On February 11, 2015, John C. Malone swapped a 4.5% stake with 14.5% of the voting power in Starz Inc. for 3.4% of Lionsgate's shares while joining the company's board of directors. Fourteen days later, Starz CEO Chris Albrecht hinted
3795-516: The supervision of NBCUniversal Syndication Studios via Universal Pictures (Universal formerly held home video and television rights to many of the early Lionsgate films), while all others (particularly the in-house films) are distributed for both cable and broadcast television through Lionsgate's syndicated division. Amazon MGM Studios , under MGM Television , are also distributed in international cable, digital and broadcast television through Lionsgate's syndicated division. Liongate's main outlet
3864-470: The symbol "VIAC" and "VIACA" after CBS delist its shares on the NYSE. On December 4, the deal was completed, with the merger structured such that CBS Corporation absorbed Viacom and changed its name to ViacomCBS. The board of directors of CBS Corporation included: Lionsgate Lions Gate Entertainment Corp. (also known as Lions Gate Entertainment Corporation , and doing business as Lionsgate )
3933-683: The virtual world Second Life to promote its show Two and a Half Men . Another project that Electric Sheep was working on for CBS was a Star Trek -themed area in Second Life. By investing in Electric Sheep, CBS hoped to expand its activity "beyond the living room". On March 20, CBS/CSTV had acquired MaxPreps , an online high school sports network. On April 12, CBS Corporation created the CBS Interactive Audience Network. On May 30, 2007, CBS Interactive bought Last.fm for £140 million. On May 15, 2008, CBS Interactive agreed to buy CNET Networks for $ 1.8 billion, with
4002-775: The weekly US financial newspaper Barron's revealed that Malone was selling nearly 108,000 class B shares in Lionsgate for $ 3.2 million, or $ 29.63 each, from December 4 to 13. Malone now owns directly and indirectly 6 million nonvoting class B shares, as well as beneficially about 6 million class A shares, which carry one vote each. Following the Weinstein effect , Lionsgate was listed as one of 22 potential buyers interested in acquiring The Weinstein Company . In 2018, Lionsgate's newly launched digital content unit, Studio L, announced its first slate. In October 2018, Agapy Kapouranis replaced Peter Iacono as president of international television and digital distribution. In January 2018, it
4071-469: Was acquired by CBS on March 12, 2019. On July 16, CBS agreed to sell CBS Outdoor International to Platinum Equity for about $ 225 million. The CBS Outdoor division began trading as a separate company on the NYSE under "CBSO" on March 28, 2014. CBS Outdoor would be fully divested from CBS by July into an independent real estate investment trust, renamed as Outfront Media . On November 17, 2017, CBS Corporation sold CBS Radio to Entercom , making that company
4140-499: Was acquired by Lionsgate from Peter Guber for a 4% Lionsgate stake. In 1998, Lionsgate helped Guber form Mandalay Pictures with a 45% investment in Mandalay. Lionsgate followed that up with a June purchase of International Movie Group, Inc. (IMG), a bankrupt film distributor previously invested in by Guber and Yorktown Securities, for its film library. IMG's CEO Peter Strauss became President of Lions Gate Entertainment, Inc. (LGE),
4209-514: Was also a co-owner of Epix , a pay TV movie channel which debuted on October 30. On September 13, 2010, Lionsgate and Televisa formed a joint venture , Pantelion Films , to produce for the next five years eight to 10 films a year targeted for the U.S. Latin American market. Lionsgate sold off its Canadian distribution unit, Maple Pictures , in September 2011 to Alliance Films . Lionsgate announced on January 13, 2012, that it had acquired Summit Entertainment , producers and distributors of
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#17327906403624278-522: Was created in 1952 as the television syndication division of CBS and was spun off in 1971. However, in 1999, Viacom acquired its former parent, by this time also named CBS Corporation, formerly Westinghouse Electric . The prior CBS Corporation also owned CMT and The Nashville Network (TNN), which remained Viacom properties after the 2005 split, but the prior CBS did not own UPN , Showtime , Paramount Television , Paramount Parks , or Simon & Schuster . In March 2005, Viacom contemplated splitting
4347-412: Was formed in 1997 by Frank Giustra, whose $ 16 million investment was augmented by $ 40 million from investors including Keyur Patel and Yorkton Securities' executives such as G. Scott Paterson . Giustra had recently retired as CEO from Yorkton, an investment bank, and Paterson was then president. Giustra then merged Lionsgate with Toronto Stock Exchange -listed Beringer Gold Corp. (founded in 1986) to take
4416-586: Was founded in April 2014 and is headed by Nerdist Industries co-founder Peter Levin. This division is dedicated to producing and distributing multiplatform games based on Lionsgate franchises, and investing in digital businesses. One of these franchises was Blair Witch , with Lionsgate Games publishing a Blair Witch game in 2019. Lionsgate Entertainment World is an indoor interactive experience centre based on Lionsgate's blockbuster film franchises, such as The Hunger Games , The Divergent Series and Now You See Me , opened on Hengqin, Zhuhai , China in
4485-489: Was officially named CBS Theatrical Films the following year. While this was in operation, CBS entered into a joint venture with Columbia Pictures and HBO called Tri-Star Pictures . CBS eventually dropped out of the venture in 1985, and CBS Theatrical Films came to an end that same year. In 2000, CBS was bought by Viacom, which also owned Paramount Pictures . In March 2007, following the 2005 split from Viacom which retained Paramount, CBS Corporation launched CBS Films with
4554-541: Was planned and Disney 's plan to acquire bulk of 21st Century Fox assets and the heavy competition from companies such as Netflix and Amazon . Shortly afterward, it was reported that the combined company could be a suitor for acquiring the film studio Lionsgate (which handled US distribution and global sales for CBS Films ). A re-merger could benefit CBS's streaming service CBS All Access , as it could potentially have access to content from core Viacom brands such as Comedy Central , MTV , and Nickelodeon , as well as
4623-415: Was reported that Lionsgate was being subject to a bidding war for a possible acquisition, with Comcast and Sony Pictures having made offers. At the time, Lionsgate Vice Chairman Michael Burns stated in an interview with CNBC that Lionsgate was mostly interested in merging with CBS and Viacom. Viacom and Lionsgate were both interested in acquiring The Weinstein Company . On February 27, 2018,
4692-505: Was reported these conflicts had resulted from Shari Redstone seeking more control over CBS and its leadership. Eventually, on May 14, 2018, CBS Corporation sued National Amusements and accused Shari Redstone of abusing her voting power and forcing a merger that was not supported by it or Viacom . CBS also accused Redstone of discouraging Verizon Communications from acquiring it, which could have been beneficial to its shareholders. On May 23, 2018, Les Moonves stated that he considered
4761-496: Was spun off from the first Viacom, which was renamed CBS Corporation. In a sense, this was a repeat of the 1971 spin-off. However, in this case, CBS retained virtually all of the prior firm's broadcast television assets, including its various syndication companies. With the split, the two companies began trading on the New York Stock Exchange (NYSE) on January 3, 2006. Investors anticipated Viacom benefiting from
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