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  • Lionsgate India acquires exclusive streaming rights for Hollywood Blockbusters from PVR Pictures

    Lionsgate India acquires exclusive streaming rights for Hollywood Blockbusters from PVR Pictures

    MUMBAI: Hollywood content leader Lionsgate has acquired streaming rights of multiple blockbuster movies from PVR Pictures for Lionsgate Play. Lionsgate Play is one of the leading Hollywood content curator platforms in the country with various critically and commercially acclaimed films in its database.

    The deal includes several titles that are premiers and some marquee library titles with huge box office behind them.  Lionsgate Play is constantly adding to its already-robust movie catalogue to bring the best of Hollywood to the Indian consumers. The Lionsgate Play portfolio already includes hit Hollywood films across genres such as action-thriller to comedy and drama and has seen very promising response from Indian consumers.

    The newly acquired cinema collection has films which have witnessed enormous global box office numbers. To name a few, Brad Pitt starrer Fury earned 200+ Million Dollars; Arnold Schwarzenegger, Sylvester Stallone-starrer The Tomb Aka Escape Plan which earned approximately 150 Million Dollars; and Vin Diesel, Karl Urban-starrer Riddick which earned about 100 million Dollars, among many others. The films will be released in batches; this June Lionsgate Play will release Bandidas, a Western action comedy film starring Salma Hayek and Penélope Cruz and Jet Li’s Kiss Of The Dragon as part of its Friday blockbusters series.

    The rollout will continue through 2020. Recognizing the growing demand for Hollywood films in local Indian languages the OTT player will be dubbing some of these films in Hindi, Tamil, Telegu and more in the near future.

    This partnership with PVR enables Lionsgate Play to offer world-wide quality content to their audiences. With the changing times and the country being under lockdown due to the global pandemic the demand for content has only gone up. This is the first of many such deals to be announced, Lionsgate is constantly investing into exclusive premiere titles for its platform.

  • Lionsgate reports $944 million revenue in Q4

    Lionsgate reports $944 million revenue in Q4

    MUMBAI: Global content leader Lionsgate has reported fourth quarter (ending 31 March, 2020) revenue of $944 million, operating loss of $12 million and net loss attributable to Lionsgate shareholders of $45 million or $0.20 diluted net loss per share on 219.9 million diluted weighted average common shares outstanding.  

    Adjusted net income attributable to Lionsgate shareholders in the quarter was $47 million or adjusted diluted EPS of $0.21, with adjusted OIBDA of $126 million. Fourth quarter cash flow provided by operating activities was $180 million and adjusted free cash flow was $175 million.

    "We reported a strong quarter to end a solid fiscal year despite the disruption posed by the Covid2019 global pandemic," said Lionsgate CEO Jon Feltheimer.  "Our Lionsgate family has risen to the challenge of these unprecedented times with resilience, dedication and collaboration.  Thanks to their efforts, Starz is continuing to deliver great entertainment to our audiences in the current at-home environment; and we're working closely with all of our content partners to ensure that when production resumes and theatres re-open, we will be ready."

    Full year fiscal 2020 (fiscal year ended March 31, 2020) revenue was $3.89 billion, operating income was $2.8 million, and net loss attributable to Lionsgate shareholders was $188 million, or $0.86 diluted net loss per share on 217.9 million diluted weighted average common shares outstanding.  Adjusted net income attributable to Lionsgate shareholders was $124.3 million or adjusted diluted EPS of $0.56 and adjusted OIBDA was $462 million for fiscal 2020.  Full year adjusted free cash flow was $349 million.

    Driven by robust sales at home environment in the quarter, library revenues for the fiscal year reached a record $600 million.

    The company reported a charge of $50.5 million in the quarter due to the Covid2019 global pandemic and related economic disruption.  This charge included, among other things, certain motion picture and television impairments and development charges associated with changes in performance expectations and the feasibility of project completions, along with costs associated with pausing film and television production.

    Fourth quarter results

    Media networks segment revenue of $358 million was essentially unchanged from the prior year quarter while segment profit of $26 million was impacted by the continued investment in STARZPLAY's international expansion.  STARZPLAY has launched in 50 countries and exceeded subscriber targets for the fiscal year.  Domestically, STARZ grew its OTT subscribers to 6.8 million in the quarter.

    Motion picture segment revenue increased by 10 per cent to $393 million compared to the prior year quarter due to the strong home entertainment performance of Knives Out and other titles.  The only new theatrical release in the quarter, I Still Believe, was in theatres for only four days before they closed, but the studio pivoted quickly to launch the title in an exclusive premium video-on-demand window to mitigate lost theatrical revenue.  Segment profit was $101 million.

    Television production segment revenue was $258 million and segment profit was $22 million driven in part by strong library sales.

    Covid2019 Impact

    The impact of the ongoing Covid2019 global pandemic and measures to prevent its spread, and the resulting unprecedented economic uncertainty, are affecting the company’s business in a number of ways. To date, it has experienced early termination of the theatrical run of one of its  films domestically and one of its films in the UK, delayed theatrical distribution of several films domestically and internationally, and delayed production of film and television content resulting in changes in future release dates for some titles and series. Its partners have also closed several location-based entertainment attractions based on its film and television properties. It won’t be possible to accurately predict when theatres re-open, production resumes or if and when certain of our content will be released. The full extent of the impact of the Covid2019 global pandemic on its business, operations and financial results will depend on numerous evolving factors.

    Increase in TV consumption

    Conversely, television and streaming consumption around the globe has increased as well as home entertainment demand. STARZ has experienced an increase in viewership of its content across all platforms as well as an increase in subscribers to its OTT services, both domestically and internationally. This increase, however, may not be indicative of future results and growth may slow as governmental and other restrictions are relaxed, and as a result of the current and possible longer term negative economic impact of the pandemic.

    “In a number of instances, we have also been able to adapt to these new circumstances by releasing one of our theatrical films earlier on streaming platforms, completing post-production of one of our television series remotely and continuing the development of a number of our television series utilizing virtual writers' rooms. These changes in the way we operate may be helpful to partially offset some of the negative impacts from the pandemic.  However, the impact of these changes and the Covid2019 global pandemic are uncertain and cannot be predicted,” said the company release.

    As a direct result of the Covid2019 global pandemic and the related economic disruption, including the worldwide closure of most theatres, international travel restrictions and the pausing of motion picture and television productions, during the fourth quarter of fiscal 2020 the company incurred $50.5 million in incremental costs which were expensed in the period. These costs include $46.0 million reflected in direct operating expense, which include certain motion picture and television impairments and development charges associated with changes in performance expectations or the feasibility of completing the project, costs associated with the pausing of productions, including certain cast and crew costs and incremental costs associated with bad debt reserves. In addition, these costs include $4.2 million reflected in distribution and marketing expense, which primarily consists of early marketing spends for film releases and events that have been cancelled or delayed and will provide no economic benefit, and $0.3 million in restructuring and other costs primarily due to transitioning the company to a remote-work environment and other incremental costs associated with the Covid2019 global pandemic during this period. 

  • Rewind networks expands Philippines presence with launch of Hits Movies on cignal

    Rewind networks expands Philippines presence with launch of Hits Movies on cignal

    SINGAPORE/MANILA: Rewind Networks has launched HITS MOVIES on Cignal, Philippines’ premier DTH satellite provider. The channel is available on Channel 58. HITS MOVIES joins sister channel HITS, which has been on the platform since October 2016. HITS MOVIES will be available for free to all Cignal subscribers for the first three months of the launch.

    Across Asia, HITS MOVIES is available on major pay-TV platforms in Singapore, Malaysia, Indonesia, Myanmar and Sri Lanka. The Cignal launch comes shortly after three major milestone launches for Rewind Networks in just the first two months of 2020: the launch of HITS on Tata Sky in India and the launch of HITS MOVIES in CANAL+ (Myanmar) and Astro (Malaysia). The launches signal a growing demand for the channel among leading pay-TV operators in the region.

    “We are delighted to expand our partnership with Cignal and bring HITS MOVIES to their viewers in the Philippines,” said Avi Himatsinghani, CEO of Rewind Networks. “We are confident Cignal subscribers will enjoy HITS MOVIES’ blockbuster line-up of top-rated Hollywood movies from the ‘60s to the ‘90s, just as they have enjoyed its sister channel HITS.”

    Guido R. Zaballero from Cignal said: “The launch of HITS MOVIES on Cignal is a testament to our commitment in giving our subscribers the best viewing experience with awesome curated entertainment. We look forward to working with Rewind Networks to replicate the success of HITS on Cignal with HITS MOVIES. We will have a three-month blowout to all Cignal postpaid, prepaid and SatLite after which, it will be made available to all postpaid plans as well as prepaid load 300 and up and SatLite 299.”

    HITS MOVIES celebrates the best blockbuster films ever made from the ‘60s to the ‘90s. The channel’s slate includes hot favorites like The Sound of Music, Sister Act, Magnificent Seven, Freaky Friday (1976), Mary Poppins, Teen Wolf, Conan The Barbarian, Halloween, Wall Street, French Connectionand Three Men and a Baby. The channel features a carefully curated selection of hit films from Hollywood majors such as The Walt Disney Company, 20th Century Fox, MGM Studios, Paramount Pictures, Lionsgate, Warner Bros and Sony Pictures and will be progressively introducing more titles from other leading studios.

  • Lionsgate Play launches innovative outdoor campaign #WhereElse in India

    Lionsgate Play launches innovative outdoor campaign #WhereElse in India

    MUMBAI: Global content leader Lionsgate’s OTT platform, Lionsgate Play has launched an innovative outdoor campaign #WhereElse in India. The campaign which is now LIVE in key metros such as Mumbai, Delhi, Bangalore Chennai and Pune, promotes an illustrious line up of digital premieres exclusively available on Lionsgate Play. The campaign uses bold headlines to create intrigue and showcases Lionsgate Play as the platform of choice for premium Hollywood content.

    Lionsgate Play offers customers in India more than one thousand hours of blockbusters across all genres including award-winning feature films and unscripted content from the studio house. With Valentine’s Day and Oscars just around the corner, the campaign exhibitsa remarkable line up of movies such as La La Land, Wonder, The Hunger Games Saga, Babel, How to Be a Latin Lover, Juno, Monster’s Balland many more which consumers can stream on partner platforms of Lionsgate –Airtel Xstream, Vodafone Play and Idea Movies & TV.

    Commenting on the launch, Lionsgate South Asia managing director Rohit Jain said,“Our primary intent has always been to provide our audience with a stellar movie collection to suit every mood, occasion and choice of genre. Our latestcampaign, #WhereElse provides a one stop destination for audiences to some award-winning films across categories and with Valentine’s Day and the Oscarstaking place this month, Lionsgate Play will stream the best of Oscar winning and romantic movies of all time.”

  • Lionsgate, Airtel strike strategic alliance; launch Lionsgate Play in India

    Lionsgate, Airtel strike strategic alliance; launch Lionsgate Play in India

    MUMBAI: Bharti Airtel (“Airtel”), India’s largest integrated telecommunications company, global content leader Lionsgate and Starzplay, the international premium subscription platform from Starz, have joined hands to bring premium content from Lionsgate Play to customers in
    India.

    The partnership will give Airtel customers access to a deep portfolio of critically acclaimed and beloved Lionsgate feature film content, which will be available on Airtel Xstream app and web platforms. Airtel Xstream app has a catalogue of over 10,000 movies and shows along with 400 TV channels.  

    By expanding the Indian market’s access to premium quality content on a leading digital platform, the collaboration is expected to be a compelling value proposition for the Indian cinephile audience. The content will be available in multiple Indian languages and spread across the horror, comedy, drama, action, thriller, documentary and other genres.

    Lionsgate Play’s initial offering includes the blockbuster Hunger Games and Twilight Saga franchises, multiple Academy Award® winner La La Land, and the critically- acclaimed international breakout hit Wonder among its deep slate of box office successes.

    In addition, Airtel customers will have access to recent hits like American Assassin, Robin Hood, The Spy Who Dumped Me, A Simple Favor, Saban’s Power Rangers as well as marquee library titles such as Divergent, Now You See Me 2, Gods of Egypt, Letters To Juliet and Reservoir Dogs.

    Commenting on the partnership, Bharti Airtel chief product officer  Adarsh Nair said, “We are thrilled to partner with Lionsgate to bring exciting content from their library to our customers as part of Airtel Thanks program. Our mission is to make Airtel Xstream the most loved digital entertainment platform in India and enable best-in-class experience across a range of connected devices and applications. We will continue to forge long-term strategic partnerships with the top content producers from around the world as part of our mission and look forward to collaborating with Lionsgate to delight customers in India.”
     
     “The partnership with Airtel is a great opportunity to expand the Lionsgate Play premium offering with a best-in-class partner, a vast feature film library and a compelling user experience for our customers. Telcos play a huge role in increasing the availability of premium content on digital platforms, and we’re proud to join forces with a partner like Airtel that combines enormous reach, a powerful brand and unparalleled distribution expertise. This is another major step forward in bringing an exciting and unique content experience to our Indian audience,” said Lionsgate Play South Asia managing director .

  • Telcos are great partners for OTT discoverability and monetisation

    Telcos are great partners for OTT discoverability and monetisation

    MUMBAI: With an explosion in the smartphone market and rise in the number of OTT channels operating in India, telco-OTT partnerships are well-strategised and the most beneficial for content platforms to gain eyeballs and drive monetisation asserted a panel speaking on the topic of “Captive Audiences of the Telecom Trace” at the recently concluded Business and Tech Track of Indiantelevision.com Vidnet 2019 summit.

    Sitting on the panel, moderated by Elara Capital VP – research analyst (Media) Karan Taurani, were ZEE5 Global chief business officer Archana Anand, IndiaCast Media Distribution group CEO Anuj Gandhi, Apalya Technologies founder & CEO Vamshi Reddy, Lionsgate South Asia MD Rohit Jain, Shemaroo Entertainment COO digital Zubin Dubash, and Hungama Digital COO Siddhartha Roy.

    Roy mentioned that as aggregators, telecom companies are greatly positioned as single payment option for most of the OTT channels and Zubin Dubash vouched for the ability of telco partners to get greater traction on content sites and drive up numbers.

    Taking the example of Ditto TV, the VOD service from ZEE, Archana Anand shared that partnerships with telecom companies have always been fruitful for the ZEE network’s OTT offerings, for both consumer acquisition and marketing.

    She said, “I think, back then, we were the first ones to go across and do partnerships with the telcos and we created quite a stir in the market because of the lovely sachet pricing we were offering. The telecom partners ensured that they are paying on behalf of the consumers and it gave us brilliant traction. I believe, we managed to get the highest subscriber base in those days.”

    Anand added that there can’t be a better distribution network than telcos as it also translates into a ‘fantastic payment mechanism’. “With all the hesitancy around credit card payment, etc., the direct carrier billing is something that the consumer can be confident about and adapt easily.”

    Vamshi Reddy seconded her thoughts as he quipped that telcos can become the easiest ways for the industry to build a monetisation model around the whole content consumption. He noted that with fragmentation happening in the OTT space, the telecom partners can provide a universal experience to users in a seamless manner.

    Gandhi, however, highlighted that in the long run, the issue of ownership of the consumer can arise. “This challenge will take some time to settle, but from a pure bundling perspective, the discoverability on TV is extremely easy, and that is something that the OTT platforms are struggling with. Telcos can help in solving that.”

    To this, Anand noted that today there is a great symbiotic relationship between the OTT platforms and the telcos as the former wants to own the content and the latter, the consumer. But the platforms need to be mindful of the fact that it gets constant data from its partners and also keeps on communicating with the consumers through in-app notifications to ensure scalability of the partnerships in the long run.

    Jain added another dimension to the conversation as he noted that while telecoms are great in helping the OTT content reach the smaller screen, there is a wide array of opportunities lying in the big-screen space, which the OEMs can latch on to.

    He said, “In some ways, this is life coming to a full circle as all of these (telcos, OEMs, etc.) are actually (equivalent to) DTH and cable companies. All we need now is an ecosystem to emerge and thrive and whoever does a good job of aggregating content will eventually become the winner.”

  • SonyLiv brings a bunch of all new international shows across genres

    SonyLiv brings a bunch of all new international shows across genres

    MUMBAI: To live up to the promise of bringing the best of international shows, SonyLiv, India’s first premium video on demand (VOD) service, has brought an all new line-up of shows. With each passing month, SonyLiv adds fresh and entertaining content to its watch list. From romantic to thriller to drama, the platform provides the best of all to its audience to binge watch all day long. After pumping up its English and original content, SonyLiv once again brings bigger and entertaining shows.

    SonyLiv now introduces all new shows from the Lionsgate’s library. Anger Management, which is a story of a divorced former baseball player Charlie Goodson turning into an anger management therapist takes you on a roller coaster ride. Whereas with Insomnia, lets you be a part of an illegal game that is held once a year in an exclusive casino where only the rich and powerful play. And, that’s not al.  SonyLiv brings you the second season of ultimate thriller Mr. Mercedes and one of the most popular show, Snatch. Following the success of season 1, the second seasons of these shows are back on popular demand.

    Keeping up with the growing demand, of the millennials, SonyLiv brings a bunch of interesting Korean shows with Perfect Girl, a unique story of a couple, who writes letters but have barely spoken. Imagine what happens when they bump into each other? However, on the other hand, Ex Model, revolves around a girl, who is under the spotlight, but later lands herself buried under a pile of problems.

  • SonyLIV partners Lionsgate to strengthen SVOD offering

    SonyLIV partners Lionsgate to strengthen SVOD offering

    MUMBAI: Everyone's going gaga over regional but there is also a section that's watching English content. To ensure this target stays connected, Sony Pictures Networks India (SPNI)’s digital arm started increasing focus on international premium content around six months back. As the experiment worked out well for the platform, it has taken one more step by inking a strategic partnership with Hollywood giant Lionsgate. Moreover, subscription play is going to be a key focus area going forward. The step has been taken in the direction to build a strong SVOD catalogue by working along with the American entertainment giant.

    “The idea of the deal is to strengthen our subscription product even more. What we currently have on our app today is centred around our TV shows, some of our originals and sports and mostly a large set of movies. We are seeing subscription as a growing category. High quality international shows are gradually being available in India, the awareness around the shows have increased significantly and the ability and desire to binge watch in India have also gone up,” SPNI digital business head Uday Sodhi said explaining the rationale of the move.

    Although SonyLIV is going to leverage this deal in large-scale, Lionsgate is also benefitting from it as well. “This is a very important milestone for us. We are very happy with the partnership as Sony has a tremendous legacy in India. Fortunately, the partnership came at a time when they were looking to strengthen their English offering. It’s a mutually beneficial partnership. This a very strategic partnership focused on expanding the customer base, creating consumption and creating a fan base and not a syndication thing only,” Lionsgate India managing director Rohit Jain said.

    It is working closely with Lionsgate, the latter being one of the largest producers for TV series and movies across the world. An embedded Lionsgate Play destination will be bundled within SonyLIV’s current slate of programming and it will be available as part of its premium product offering.

    Sodhi also added that English content genre has seen exponential growth in OTT thanks to a few factors. One is the increasing trend of smart TV usage and another is the easy availability of international shows. In addition to that, the hype in social media during a show launch also helps to create awareness.

    However, the initial focus will be on TV series or web series over movies. “At this point of time, what Lionsgate and SonyLIV have thought through is that the TV series space or web-series space is an exciting space to go after. We are more tuned to watch series and are familiar with the entire TV ecosystem. Therefore, we are comfortable there,” Sodhi said.

    There will be 500 hours of original content as a result of the partnership on the OTT platform. While the significant majority of the content will be exclusive, some of the content will also be repetitive which is already present on other platforms. IMDB 8.3-rated Power debuts in India on SonyLIV. Critically acclaimed series Sweetbitter and Vida also make way to the platform. Science fictions and thrillers like Con Man and Insomnia will be the part of the catalogue also.

    Sports and English content have been the way to attract SVOD consumers still now which has resulted in almost no growth beyond metro cities. However, Sodhi is optimistic that once regional and Hindi premium content is added, consumers from tier II and III cities will also look forward to premium packages.

    While two powerhouses in their respective fields are focusing on a new side of their business, time will say how the deal will help them in long run.

  • Lionsgate appoints Amit Dhanuka to grow Starz Brands in India

    Lionsgate appoints Amit Dhanuka to grow Starz Brands in India

    MUMBAI: Lionsgate India has expanded its India team with the appointment of Amit Dhanuka as executive VP, who joins the company’s Mumbai-based office to develop its strategy for the Lionsgate and Starz brands and build its local operations. 

    Dhanuka will report to Lionsgate India managing director Rohit Jain and work closely with the company’s creative head Maitreyee Dasgupta.

    Dhanuka was previously with Fox’s Star India network where he led its direct to home affiliate sales division. He has also worked with Indian film production companies E-City Films and Zee Motion Pictures in addition to Sony Pictures Television International in Los Angeles.

    Speaking on his appointment, Rohit Jain says, “Amit is a very experienced content production and distribution executive and a skilled business strategist. His wealth of knowledge and acumen will further strengthen our Lionsgate India team and enable us to continue to expand our Lionsgate and Starz brands locally.”

    Amit Dhanuka mentions that he was looking forward to bringing Indian audiences original, premium and bold content that aligns with Lionsgate and Starz’s mission of creating content that cuts through the clutter.

    Even before opening its Mumbai office last year, Lionsgate co-produced with Endemol India a 2015 Bollywood remake of the Tom Hardy-starrer Warrior, titled Brothers, which starred top actor Akshay Kumar in the lead role.

    More recently, Lionsgate announced it would produce Indian versions of Mexican comedy Instructions Not Included and South Korean action thriller The Terror Live in partnership with Globalgate and Indian banner Azure Entertainment.

    Globalgate is a joint consortium of Lionsgate and 10 other leading international content companies which include Germany’s Tobis, France’s Gaumont, Brazil’s Paris Filmes and Colombia’s Cine Colombia, among others.

    The first major new studio in decades, Lionsgate is a global content platform whose films, television series, digital products and linear and over-the-top platforms reach next generation audiences around the world. In addition to its filmed entertainment leadership, Lionsgate content drives a growing presence in interactive and location-based entertainment, gaming, virtual reality and other new entertainment technologies.

    Lionsgate’s content initiatives are backed by a 16,000-title film and television library and delivered through a global licensing infrastructure.

  • Lionsgate sets up shop in India; appoints Rohit Jain as country head

    Lionsgate sets up shop in India; appoints Rohit Jain as country head

    MUMBAI: Global American content leader and NYSE-listed Lionsgate has finally set up shop in India to tap one of Asia’s biggest media markets. It has appointed Rohit Jain, a media industry veteran, to head the ops here as managing director.

    Jain, who till some time back worked with DTH operator Videocon d2h as deputy CEO for seven years contributing to the company’s growth in size and its Nasdaq listing, confirmed to Indiantelevision.com over phone his appointment and opening of the Mumbai office.

    Lionsgate India will spearhead all licensing to local linear and digital platforms in the territory from feature films, television series and library content under the Lionsgate and Starz brands.  It will work closely with the studio’s theatrical distribution partners to maximise box office for Lionsgate films, and it will partner with local production companies to develop intellectual property for theatrical release as well as distribution across other media platforms.

    Apart from that, Lionsgate India, a 100 per cent subsidiary of its American parent, will also explore investment opportunities throughout the Indian media market.

    “We’ve been focused on the enormous opportunity created by the Indian marketplace for years, and Rohit checks off all the boxes as the right executive to lead our business there,” said Lionsgate chief executive officer Jon Feltheimer in an official statement. 

    Feltheimer added: “Lionsgate brings to this territory a global content platform, an entrepreneurial mind set, and the agility of a next generation digital age company. Rohit is ideally qualified to leverage these strengths into accelerating growth and new business initiatives in the years ahead.”

    Lionsgate has been steadily expanding its global content platform with the continued growth of Lionsgate UK into a leading film and television production and distribution company, a growing operation in China that has established strong relationships with nearly all major platforms in the territory and increased the studio’s box office gross by 63 per cent from last year, and a new Canadian office that was opened in Toronto earlier this year.

    “I’m thrilled to join Jon and the rest of the Lionsgate team as we continue to build the company’s brand in India,” according to Jain, a 20 years veteran of the Indian media industry.

    Jain further pointed out that as India was the next logical frontier for Lionsgate’s multi platform content creation, marketing expertise and digital initiatives, he was “incredibly excited” at the opportunities that lie ahead.

    Boasting the world’s second largest consumer population and fastest-growing middle class, India has achieved double-digit annual growth across television, film, interactive games and delivery of content to digital platforms.  With over 800 television channels, more than 30 over-the-top platforms, 8,500 theatrical exhibition screens and an evolving interactive game business, opportunities for content producers and distributors are continuing to increase, according to Lionsgate.

    In the past few years, the company said it has tripled its revenue from India and made Hindi-language film `Brothers, a remake of Lionsgate’s critically-acclaimed `Warrior. A Hindi-language remake of the studio’s action hit comedy `Red is also in the works with a possible involvement of Hindi film star Anil Kapoor.

    Rohit Tiwari of Morris Street Advisors, who had previously served as Lionsgate’s local sales agent in India, has transitioned to a consulting relationship to Lionsgate India, the company said.

    The first major new studio in decades, Lionsgate is a global content platform whose films, television series, digital products and linear and over-the-top platforms reach next generation audiences around the world.  In addition to its filmed entertainment, Lionsgate claims its content drives a growing presence in interactive and location-based entertainment, gaming, virtual reality and other new entertainment technologies.

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