Yahoo Finance Lionsgate, Media Capital Technologies Sign ‘Significant’ Multi-Year Slate Financing Deal (EXCLUSIVE)
Lionsgate, the studio behind “The Hunger Games” and “Saw” franchises, and Media Capital Technologies (MCT), a specialty finance company, have signed a slate co-financing agreement. As part of the pact, MCT will make what is being described as “a significant investment” in Lionsgate’s film slate. The deal is for a multi-year period. Financial terms of the agreement were not disclosed.
“We’re delighted to have the opportunity to make a long-term investment in Lionsgate’s diversified slate of commercially exciting films, spanning a broad range of genres, budgets and distribution models,” said MCT CEO Michael Lambert and chairman Christopher Woodrow. “We’re pleased with the results our partnership has already achieved and look forward to continued collaboration on a deep slate of titles distinguished by their strong box office appeal, driven by world-class talent and assembled by a management team with a great track record.”
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“This agreement is an affirmation of the depth and quality of films at every level of our slate,” said Lionsgate Motion Picture Group Chair Adam Fogelson. “We’re pleased that our partners at MCT share our excitement in a line-up of great properties driven by world-class filmmakers and exceptional talent, positioned to drive strong returns for our creative and financial partners alike.”
Lionsgate has fielded a number of big box office attractions, including last year’s “John Wick: Chapter 4” and “The Hunger Games: The Ballad of Songbirds and Snakes.” Its upcoming slate includes “Highlander,” which will star Henry Cavill and is directed by Chad Stahelski; “Now You See Me 3,” which features many returning cast members from the first two films and which will be directed by Ruben Fleischer; the next chapter in the “Saw” franchise; “The Crow,” starring Bill Skarsgard and directed by Rupert Sanders; and Aziz Ansari’s “Good Fortune,” starring Keanu Reeves, Seth Rogen and Ansari.
The financing agreement has already encompassed several recent titles, including “The Ministry of Ungentlemanly Warfare,” “Ordinary Angels” and “Saw X.”
MCT is a specialty finance company focused on strategic investments in premium content. The company provides capital to media and entertainment businesses, including motion picture studios, independent production entities and intellectual property rights-holders. It was founded in 2019 and is based in Los Angeles. A range of institutional investors, including MassMutual, support the company and its investment activities.
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