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Lions Gate Entertainment Corporation (or simply Lionsgate) is a Canadian-American entertainment company, formed in Vancouver, British Columbia with the office in Santa Barbara, California. As of November 2013, Lions Gate became the most commercially successful mini major film and television distribution company in North America.
Lions Gate Entertainment Corporation (LGE) was founded on July 3, 1997 by Frank Giustra with a $16 million investment that included another $40 million from other investors including Keyur Patel and Yorkton Securities, an investment bank that specialized in funding mining ventures (Giustra was the CEO). He then merged the company with Toronto Stock Exchange listed Beringer Gold Corp., which was founded in 1986, to take the company public.
Lionsgate began a series of acquisitions to get into the film industry. The company bought a number of small production facilities and distributors, starting with Montréal-based Cineplex Film Properties (which was later renamed Lions Gate Films) and North Shore Studios (later renamed Lions Gate Studios) in Vancouver, British Columbia. Lions Gate had later acquired Mandalay Television from Peter Guber for a 45% LGE stake. In 1998, LGE helped Guber form Mandalay Pictures with a 45% investment going to the company.
Current Television Assets
- Lionsgate Television, including:
- Debmar-Mercury, TV distribution unit
Current Film Assets
- Lionsgate Films
- Pantelion Films
- Roadside Attractions
- Summit Entertainment
- CodeBlack Entertainment (joint venture)
- The company is named after Vancouver's landmark, First Narrows or Lions Gate.