It's all Relativity
Inks multiyear output deal with Lionsgate for as many as five pics annually for at least three yearsLionsgate has inked a multiyear U.S. distribution deal with Ryan Kavanaugh's Relativity Media.
Rumored for weeks, the deal will see Lionsgate secure domestic rights to Jim Sheridan's "Brothers," starring Tobey Maguire, Jake Gyllenhaal and Natalie Portman, for release this year. Terms of the agreement provide for Lionsgate to release as many as five Relativity pics a year for a minimum of three years, with the potential for a fourth year.
Also in the pipeline is the supernatural thriller "Season of the Witch," starring Nicolas Cage and Ron Perlman, and the Jackie Chan action comedy "The Spy Next Door."
The Relativity deal comes as Lionsgate scales back on in-house movie production to curb operating costs. The partners joined forces previously on the release of "The Forbidden Kingdom," "3:10 to Yuma" and "The Bank Job."
The agreement was hammered out for Lionsgate by acquisitions and co-productions chief Jason Constantine and executive vp business and legal affairs Wendy Jaffe. Kavanaugh, Relativity Media CEO, and Tucker Tooley, president of production, led the team for their side.