The Lions Gate Entertainment Corp. Acquires an Investment Stake in Point Grey Pictures



(Santa Monica, CA) In the year 2011, Seth Rogen and Evan Goldberg launched their very own movie studio.  This movie studio is named, Point Grey Pictures.  Additionally, James Weaver also jumped into Point Grey Pictures, as a partner.  The objective of the aforementioned movie studio was a media production company that, was dedicated to releasing multi-genre feature films, and, television content.  The feature films and television content also aimed at being dynamic, authentic and passionate narrative based stories.  Obviously the Lions Gate Entertainment Corp. noticed the part; dynamic, authentic and passionate narrative based stories.  Recently, the Lions Gate Entertainment Corp. revealed that, it has acquired an investment stake in Point Grey Pictures.  As a result of the acquisition; a joint business venture between Seth Rogen, Evan Goldberg and James Weaver was quickly agreed upon.  The business venture is a deal, whereby Point Grey Pictures will produce multi-platform media content for the Lions Gate Entertainment Corp.  
             The multi-platform media content, which has to be produced by Point Grey Pictures, is how original intellectual property based content will be created.  For the Lionsgate side (NYSE:  LGF.A and LGF.B), the latter is the work of the following executives.  Patricia Laucella, Bonnie Stylides, Sandra Stern and Laura Kennedy are the Lionsgate executives.  For the original intellectual property based content, it is for every type of media platform that, is inside the Lionsgate 360° entertainment ecosystem.  For example; theatrically released feature films, television series that will be sold or distributed and television series that will be exclusive for the cable television channel Starz.  Obviously for Point Grey Pictures, the aforementioned, is the Lionsgate 360° entertainment ecosystem and their immediate future projects.  Outside of the 360° ecosystem, working with Lionsgate executives in order to execute digital and location based entertainment ideas, is also part of the agreed upon deal.  Post acquisition of the investment stake; Point Grey Pictures will continue to be led by Seth Rogen, Evan Goldberg and James Weaver.  Point Grey Pictures did release a press statement.  Through a press statement; Mr. Rogen, Mr. Goldberg and Mr. Weaver said the following.  “Lionsgate is a leader in entertainment with few equals.  Over the years we have developed some of our biggest hits with Joe Drake and Nathan Kahane— they have been among our biggest supporters.  We are thrilled to be partnering with them, alongside Kevin Beggs in TV, and the entire Lionsgate team.”  
            Jon Feltheimer is the Chief Executive Officer of the Lions Gate Entertainment Corp.  Through a press statement, Mr. Feltheimer said the following.  “Seth, Evan and James are visionary entrepreneurs and three of the greatest storytellers in the business.  We look forward to a partnership that turbocharges the continued ramp up of our film and television slates while creating exciting opportunities across our entire portfolio of businesses.  Our investment in the Point Grey team promises great returns for our two companies, our partners, and audiences around the world.” 
            To end, Joe Drake is the Chairman of the Lionsgate Motion Picture Group.  Through a press statement, Mr. Drake said the following.  “From our days at Mandate and Good Universe to our experience working with them here at Lionsgate, we have had the pleasure and privilege of working with Seth, Evan and James on some of their most iconic films and we could not ask for more incredible or collaborative creative partners.  We believe the best from Point Grey is yet to come.  The partnership we’re announcing today is an organic expansion of our relationship with these talented creators.  In addition to the outstanding comedies that have been the hallmark of Point Grey, we are equally excited to see this company continue to push creative boundaries and develop dramatic material as well.  As they move in diverse directions artistically, we look forward to continuing to build our businesses together.”  As previously stated, the Lions Gate Entertainment Corp. recently revealed that, it has acquired an investment stake in Point Grey Pictures.  As a result of the acquisition; a joint business venture between Seth Rogen, Evan Goldberg and James Weaver was quickly agreed upon.  Lastly, the business venture is a deal, whereby Point Grey Pictures will produce multi-platform media content for the Lions Gate Entertainment Corp. 

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Written from Press Release
Registered Writer at
PR Newswire Association, LLC
R-Berumen28
04/10/2019

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