Lionsgate, OddLot Sign Multiyear Co-Financing and Distribution Pact
Lionsgate and OddLot Entertainment are entering into a multipicture co-financing and distribution deal, commencing with Johnny Depp action-comedy Mortdecai.
The multiyear deal provides a framework for the two companies to partner on additional films. It also provides Gigi Pritzker's OddLot a distribution home on certain movies.
"We're delighted to extend and expand our longstanding relationship with OddLot founder Gigi Pritzker and her team," said Lionsgate Motion Picture Group co-chairmen Rob Friedman and Patrick Wachsberger. "Our partnership on Ender's Game and Draft Day has now been extended to include Mortdecai, and we look forward to finding many more pictures to partner on in the future. OddLot is a reliable, accomplished, respected company, and is an important financial partner, and they will provide us with a valuable and consistent supply of future films for our portfolio."
Added Pritzker: "We've partnered with Lionsgate on a number of films over the past five years, and we feel their entire team shares our entrepreneurial spirit and commitment to commercially exciting, star-driven films with global appeal."
Mortdecai, which is set to begin production this fall, stars Depp opposite Gwyneth Paltrow, Ewan McGregor, Paul Bettany and Olivia Munn. And OddLot is already partnered with Lionsgate on the sports dramedy Draft Day, starring Kevin Costner, Jennifer Garner, Denis Leary and Frank Langella.
OddLot has emerged as one of Hollywood's most influential financing and production companies. Its current slate includes Jon Stewart's feature directorial debut, Rosewater.
The deal was negotiated by Lionsgate's Sean Kisker, David Friedman and Jean Chi. The OddLot team was led by Bill Lischak, Michael Nathanson, Aaron Michiel, Natalya Petrosova and outside counsel Bryan Wolf and Matt Johnson of Ziffren Brittenham.