Lionsgate has acquired the majority of Spyglass Media Group’s feature film library of about 200 titles. Furthermore, the two firms have forged a strategic content partnership. To be clear, this agreement gives Lionsgate a 20% investment stake in the company with major assets. For example, the latest Scream installment set for release January 14, 2022.
Other Spyglass titles include the hit movie The Upside and the fashion reality show Project Runway. In addition, the revival of the Hellraiser franchise, which is currently in pre-production.
The agreement also includes a multiyear first-look television deal between Lionsgate Television and Spyglass. The library titles acquired by Lionsgate encompass a broad range of critically-acclaimed commercial blockbusters including Fruitvale Station, The King’s Speech, Scream 4, Scary Movie 5, Spy Kids 4, Paddington, Silver Linings Playbook, Lee Daniel’s The Butler and, adding to the Company’s large and growing portfolio of Quentin Tarantino titles, Django Unchained, Inglourious Basterds and The Hateful Eight.
Gary Barber will continue to lead Spyglass as its Chairman and CEO and Spyglass’ senior leadership team will remain in their current roles.
“This agreement continues to grow our valuable portfolio of IP while partnering us with Gary Barber, one of the leading entrepreneurs and content creators in the business. It is a win/win deal that creates significant incremental value for both companies while continuing to add to our global content distribution platform at a time when the demand for premium content is greater than ever.”
Lionsgate CEO Jon Feltheimer
“Two years ago, we were excited to team up with Gary and have him do what he does best –build Spyglass Media Group into a global premium content company and, in short order, increase shareholder value. Once again, he successfully exceeded those challenges, and we are delighted to continue the journey with him.”
Spyglass’ strategic investors: Andy Mitchell, Founder, CEO and Managing Partner of Lantern Capital Partners; Toby Emmerich, Chairman, Warner Bros. Pictures Group; Tarak Ben Ammar, Chairman, Eagle Pictures; and Mooky Greidinger, CEO of Cineworld Group
