Published on 6 Jan 2023 on Zacks via Yahoo Finance

Lionsgate (LGF.A) Collaborates With Canada's Cineplex Pictures

Lionsgate (LGF.A) recently announced that it has collaborated with Canada’s Cineplex Pictures to bring its theatrical releases to over 160 Canadian cinemas.The deal counts 11 titles of Lionsgate that are scheduled to release in 2023.  Starting with Gerard Butler’s Plane on Jan 13, the slate includes Jesus Revolution starring Kelsey Grammer and John Wick: Chapter 4 starring Keanu Reeves.Along with these, Are You There God? It’s Me, Margaret, About My Father, The Blackening, the untitled Adele Lim comedy, White Bird: A Wonder Story, The Expendables 4, the next installment of the billion-dollar box office Saw franchise and The Hunger Games: The Ballad of Songbirds and Snakes are also lined up.The partnership is expected to provide Lionsgate with a wider audience in Canada and thus aid its top line.

Lionsgate to Face Headwinds Despite Expansions

With covid restrictions being lifted, and the footfalls at movie multiplexes reviving, Lionsgate has been making great efforts to expand its presence globally and cater to a larger audience.Recently it teamed up with a renowned multiplex in India, PVR Cinemas, to release its Hollywood slate in the country. This emerging economy has been witnessing a shift in customer preferences toward Hollywood movies and hence aims to benefit from it.What could be attributing this expansion is Lionsgate’s decision of spinning off its studio from Starz, its cable network company. This was primarily done to allow Lionsgate to invest its monetary resources and time to focus on individual businesses and bolster its growth.