Lionsgate launches Globalgate Entertainment

The company has partnered with industry veterans and eight international distributors to remake local-language movies.

shutterstock_tv_dealIndie distributor Lionsgate Entertainment has joined up with eight international distributors to form Globalgate Entertainment, a new venture which gives partners priority access to each other’s movies to re-make in their local languages.

Globalgate will also seek out third-party films to be re-made in other language markets. The films will be distributed by the venture’s partners and will be co-financed by the Globalgate Fund.

In addition to Lionsgate, the eight other distributors, producers and co-financiers that have partnered are: Belga (Benelux), Gaumont (France), Kadokawa (Japan), Lotte (Korea), Nordisk Film (Scandinavia), Televisa/Videocine (Mexico), TME (Turkey), and Tobis (Germany). Globalgate also anticipates that partners in China, India and other major markets will join soon.

“By aligning ourselves with some of the top content companies in the world, Globalgate provides us with an opportunity to grow our presence in local-language films, leverage the content in our library and further mine exciting new IP and talent around the world,” Lionsgate CEO Jon Feltheimer said in a statement.

Lionsgate partnered with Globalgate founders Paul Presburger, CEO of Pantelion Films; William Pfeiffer, a senior advisor to Lionsgate and Clifford Werber, to launch the new venture. Between them, the founders have experience developing local-language strategies for several studios including, Fox, Warner Bros. and Disney.