Lionsgate pacts with Goldman Sachs
Studio agreement to cover 23 films
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Lionsgate agreement covers 23 films, excluding the "Saw" movie franchise and pics from Tyler Perry of "Diary of a Mad Black Woman" and "Madea's Family Reunion" fame. Perry's next is "Daddy's Little Girl," due out in February.
Lionsgate will receive a distribution fee of 15% -- on the high side for slate deals -- showing just how the mini-studio has impressed Wall Street with its track record and its model of modestly priced pics.
Lionsgate execs declined to comment on the financing.
But people who have spoken with the company say it's been insisting that the fresh coin doesn't mean it will abandon its model and launch into the big-budget arena. Investors in any case will have the opportunity to opt out of any picture costing over $50 million.
