Lions Gate Entertainment Corp (LGF.B)

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LIONSGATE'S CODEBLACK FILMS SIGNS OUTPUT DEAL WITH EAGLE FILMS

Mar 10, 2015 09:01:00 (ET)

Secures Second Output Agreement to Distribute Movies in the Middle East

SANTA MONICA, Calif., March 10, 2015 /PRNewswire/ -- Lionsgate's (NYSE: LGF) Codeblack Films has signed an output deal with Eagle Films, a motion picture producer and distributor based in the Middle East and North Africa, the two companies announced today. The historic agreement marks Codeblack's second output deal and will enable it to distribute the films it produces or co-produces throughout the region, beginning with Lionsgate/Codeblack's box office success Addicted.

"Codeblack is expanding its footprint beyond the domestic marketplace," said Jeff Clanagan, Founder, CEO and President of CodeBlack Entertainment. "We're dedicated to providing international growth and visibility for our content partners and look forward to pursuing additional alliances with distributors in markets around the world."

Eagle Films is one of the largest distributors in Western Asia and Egypt and has released Lionsgate's The Hunger Games and Expendables franchises as well as The Wolf of Wall Street in the region.

Codeblack signed its first international output deal with Times Media Films, one of South Africa's largest distributors, in October 2014. Three months later, Times Media launched Addicted, the first film released under the agreement, to a top 10 box office debut in its opening weekend.

Codeblack Films' Executive Vice President & General Manager Quincy Newell is overseeing the company's international expansion initiative. The Eagle Films output deal was negotiated by Wendy Reeds, Lionsgate Executive Vice President of International Sales.

About Codeblack Films

Codeblack Films, a division of premier next generation global content leader LIONSGATE(R) , is a vertically integrated film production and distribution company focused on providing independent studios, filmmakers, globally-recognized celebrities, intellectual property rights holders and brands cross platform monetization solutions. Entertainment industry veteran Jeff Clanagan founded Codeblack Films in 2012. Codeblack Films' core objective is to super serve the global Black community with quality programming and help its content and brand partners access the enormous spending power of the rapidly growing African-American consumer market. Codeblack Films' understanding of the social context of this fast evolving market -- values, attitudes, behavior and current and emerging trends -- provides the Company with a unique ability to position its content and brand partners in the center of influence.

In July 2013, Codeblack Films released the sleeper hit KEVIN HART: LET ME EXPLAIN from superstar comedian and actor Kevin Hart, which generated over $32 million at the domestic box-office. Codeblack has also released Shola Lynch's 2013 NAACP Image Award winner FREE ANGELA AND ALL POLITICAL PRISONERS, George Tillman Jr. and Alicia Keyes' critically acclaimed and NAACP Image Award nominated THE INEVITABLE DEFEAT OF MISTER & PETE starring Academy Award winner Jennifer Hudson, the independent thriller REPENTANCE, starring Academy Award winner Forest Whitaker, Anthony Mackie and Sanaa Lathan and the Golden Globe nominated FRANKIE & ALICE, starring Academy Award winner Halle Berry. In October 2014 Codeblack released ADDICTED the sexy and provocative thriller based on the New York Times best-selling book by Zane.

Through parent company Lionsgate, Codeblack Films' operational capabilities include motion picture production and distribution, strategic acquisitions, television programming and syndication, home entertainment distribution, digital distribution, new channel platform monetization and international distribution and sales.

For More Information & Contact:

Codeblack Films/Lionsgate

Liz Berger/ Lionsgate Publicity - LA/ [e-mail]

Allied Integrated Marketing

Ginger Chan/ Vice President, National Publicity/ [e-mail]

Yasmine Parrish/ Publicist -- LA/ [e-mail]

Nyrie McKenzie/ Publicist -- NY/ [e-mail]

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lionsgates-codeblack-films-signs-output-deal-with-eagle-films-300047985.html

SOURCE Codeblack Films


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March 10, 2015 09:01 ET (13:01 GMT)