|By PR Newswire||
|April 11, 2014 11:11 AM EDT||
SANTA MONICA, Calif. and VANCOUVER, April 11, 2014 /PRNewswire/ -- Lionsgate (NYSE: LGF), a leading global entertainment company, will produce and release Allegiant, starring Shailene Woodley and Theo James and based on the third book in Veronica Roth's best-selling Divergent trilogy, as two separate films, it was announced today by Lionsgate Motion Picture Group Co-Chairmen Rob Friedman and Patrick Wachsberger. The Company will release a total of four Divergent films on its Summit Entertainment label, with the next film, Insurgent, which begins production next month, slated for release on March 20, 2015 and Allegiant -- Parts 1 & 2 scheduled for release on March 18, 2016, and March 24, 2017, respectively.
The first film in the Divergent franchise is off to a fast start, grossing $117 million at the domestic box office in its first three weeks of release, and it continues its international rollout this weekend with openings in France, Germany, Russia, Australia, Scandinavia and other major territories. Book sales of the best-selling Divergent series continue to skyrocket with total sales nearing 20 million worldwide and sales of the three-book boxed set and three-book e-bundle increasing 55% last week. The three books ranked one-two-three on the USA Today best-seller list for 2013.
"Veronica Roth brings her captivating story to a masterful conclusion in Allegiant, a rich, action-packed book with material that is ideally suited to two strong and fulfilling movies," said Friedman and Wachsberger. "The storytelling arc and world of the characters lend themselves perfectly to two films, a storytelling strategy that has worked very well for us on the two Twilight Breaking Dawn films and about which we're tremendously enthusiastic for the two upcoming Mockingjay films of The Hunger Games franchise."
The Company's The Hunger Games and The Twilight Saga franchises have collectively grossed more than $5 billion at the worldwide box office, and The Hunger Games: Catching Fire is the 10th highest-grossing film of all time. The Hunger Games: Mockingjay -- Parts 1 & 2 will be released on November 21, 2014 and November 20, 2015, respectively.
After the cataclysmic events in Insurgent, Tris and Four enter a dangerous new world in Allegiant -- Parts 1 & 2 that they no longer recognize. As new truths are revealed about the past and future, Tris must face impossible choices about courage, allegiance and love to protect the people closest to her.
Lionsgate is a leading global entertainment company with a strong and diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales. Lionsgate currently has 34 television shows on 22 networks spanning its primetime production, distribution and syndication businesses, including such critically-acclaimed hits as the multiple Emmy Award-winning Mad Men and Nurse Jackie, the comedy Anger Management, the network series Nashville, the syndication success The Wendy Williams Show and the critically-acclaimed series Orange is the New Black.
Its feature film business has been fueled by such recent successes as the blockbuster first two installments of The Hunger Games franchise, The Hunger Games and The Hunger Games: Catching Fire, the first installment of the Divergent franchise, Now You See Me, Kevin Hart: Let Me Explain, Warm Bodies, The Expendables 2, The Possession, Sinister, Roadside Attractions' Mud and Pantelion Films' breakout hit Instructions Not Included, the highest-grossing Spanish-language film ever released in the U.S.
Lionsgate's home entertainment business is an industry leader in box office-to-DVD and box office-to-VOD revenue conversion rate. Lionsgate handles a prestigious and prolific library of approximately 15,000 motion picture and television titles that is an important source of recurring revenue and serves as the foundation for the growth of the Company's core businesses. The Lionsgate and Summit brands remain synonymous with original, daring, quality entertainment in markets around the world.
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Peter D. Wilkes
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