Latin Grammys 2018
Lionsgate and Universal Music Sign Multi-Year Development Deal
It was announced Monday (Aug. 6) that the global content company Lionsgate signed a multi-year first-look television agreement with Universal Music Group, meaning that the two companies will develop original television projects by pulling from UMG’s portfolio of labels, artists and music.
Not only will Lionsgate and UMG’s film and television production and development division, Polygram Entertainment, work together to tell stories about legendary labels like Capitol, Def Jam, Interscope, Island and Republic, but they will also be created soundtrack albums as well. In the past, collaborations between Lionsgate and UMG have been extremely successful; the two companies worked together to create film scores and soundtracks for the hit movies La La Land, Hunger Games and Divergent.
The deal follows a long-term agreement between Lionsgate and Universal Music Publishing Group announced on Thursday.
“We’re thrilled to expand our relationship with Universal Music Group, one of the world's most innovative music companies and home to some of the greatest musical talent and recordings in existence,” said Lionsgate television group chairman Kevin Beggs. “With Polygram, UMG has produced award-winning films and we can't wait to see what we can accomplish together in television. We see so much opportunity for storytelling in the talent and properties that UMG represents, and we look forward to working together to bring these incredible stories to life in a way that resonates with a global audience.”
Michele Anthony, evp, UMG echoed his statement, saying, “We’re excited to partner with Lionsgate, one of the premiere entertainment companies in the world, to create an unmatched opportunity for our artists and labels and the stories they inspire, as well as draw from the goldmine of genres, time periods and legendary figures represented by our rich and storied catalog. Polygram has quickly become a home for Hollywood’s brightest creators and this partnership is a significant step in our television and audiovisual strategy, as well as our evolution as a global media company.”
“I’ve long respected Lionsgate for the incredible film and television projects they’ve brought to audiences around the world,” added Polygram Entertainment head, David Blackman. “There’s never been a more exciting time to be in the music space and I feel fortunate to be at a company that is uniquely positioned at the intersection of film, television and music with an unrivaled roster of artists who continue to impact culture globally. With this new partnership, we’re perfectly positioned to deliver thrilling music-driven stories that will excite fans for years to come.”