LSM Newswire

Tuesday, December 1, 2009

Cherry Lane Music Publishing Signs Deal With Lionsgate Music

SANTA MONICA, Calif., VANCOUVER, British Columbia, and NEW YORK, Nov. 19 /CNW/ -- Lionsgate Music Publishing LLC, the music publishing arm of Lionsgate (NYSE: LGF), the leading next generation studio, and Cherry Lane Music Publishing Company, Inc., a leading independent music publishing company, have entered into a multi-year administration agreement for the US and Canada, it was announced today by Lionsgate Music President Jay Faires and Cherry Lane CEO Peter Primont. Under the terms of the deal, Cherry Lane will administer and exploit Lionsgate's extensive catalog of film and TV music and individual songs.

"Cherry Lane is proud to represent Lionsgate's growing music catalog," said Primont. "In addition to Lionsgate's many films and current hit TV series, Jay Faires and Lenny Wohl have developed an impressive music publishing company with a diverse array of copyrights. We look forward to working together with them and their team to further develop and promote the Lionsgate music library."

"Cherry Lane has a remarkable track record of efficient collection systems, and we are impressed by the breadth and depth of their entire licensing team," added Faires. "They have a more boutique roster than the majors, allowing our executives to get the focus we are looking for as we continue to build our music publishing assets. This is a unique opportunity for two similarly entrepreneurial companies to marshal their resources and skill sets to grow to the next level of our business."

Mike Connelly, EVP of Business Development, and Keith Hauprich, VP of Legal and Business Affairs, negotiated the deal on behalf of Cherry Lane. Lenny Wohl, GM and EVP of Business Affairs negotiated on behalf of Lionsgate Music.

About Cherry Lane Music Publishing Company, Inc.
Cherry Lane, the New York-based privately held music publisher founded in 1960 by renowned producer/arranger Milt Okun, oversees an extensive catalogue of legendary songs ranging from Elvis Presley, John Denver, Quincy Jones and Ashford & Simpson, to more recent Billboard chart-toppers including the Black Eyed Peas and John Legend. Known for its innovative copyright exploitation and administration, Cherry Lane has forged relationships with DreamWorks Pictures, DreamWorks Animation SKG, The Weinstein Company, Marvel Entertainment, Lionsgate Music, Lakeshore Entertainment, Walden Media, Sanrio (Hello Kitty), NASCAR, Icon Productions, NFL Films, World Wrestling Entertainment, Professional Bull Riders, Pokemon USA, Inc. and 4Kids TV, to name a few. Learn more at www.cherrylane.com.

About Lionsgate
Lionsgate (NYSE: LGF) is the leading next generation studio with a strong and diversified presence in the production and distribution of motion pictures, television programming, home entertainment, family entertainment, video-on-demand and digitally delivered content. The Company has built a strong television presence in production of prime time cable and broadcast network series, distribution and syndication of programming through Debmar-Mercury and an array of channel platform assets. Its feature film business achieved a number one box office opening weekend in September 2009 with the eighth film in the Tyler Perry franchise, I CAN DO BAD ALL BY MYSELF, and its most recent release, PRECIOUS, is achieving remarkable per screen averages in limited release. It expands to 629 screens on November 20. The Company's home entertainment business has grown to more than 7% market share and is an industry leader in box office-to-DVD revenue conversion rate. Lionsgate handles a prestigious and prolific library of approximately 12,000 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 brand remains synonymous with original, daring, quality entertainment in markets around the world.

About Lionsgate Music
Lionsgate Music oversees music for Lionsgate's film and TV slate, builds the Company's music publishing assets and releases its soundtracks and scores. The music team has received two Oscar nominations for Marco Beltrami's score for 3:10 TO YUMA and for Bird York's song "In The Deep" for Best Picture Academy Award Winner CRASH. Current and upcoming projects include the soundtrack for PRECIOUS, released through Matriarch/Geffen Records and featuring a lead track from Mary J. Blige. PRECIOUS is directed by Lee Daniels (MONSTER'S BALL) and presented by Oprah Winfrey and Tyler Perry and has already garnered rave critical reviews and remarkable per screen box office averages in its limited release rollout. Additional upcoming projects include the Jim Sheridan film BROTHERS, scheduled for release in December featuring music from U2, as well as music for such upcoming films as THE EXPENDABLES, starring Sylvester Stallone, Jason Statham and Jet Li, FIVE KILLERS, starring Katherine Heigl and Ashton Kutcher, KICK ASS, starring Nicolas Cage, and Academy Award winning director Paul Haggis' THE NEXT THREE DAYS, starring Russell Crowe. The Lionsgate Music team is also working on the Starz! television series Crash, featuring music from Paul McCartney and The Doors, the third season of AMC's Emmy-winning series Mad Men, scored by the critically lauded composer David Carbonara, and its live musical revue, Mad Men Live Revue, which premiered last fall to rave reviews at Los Angeles' El Rey Theatre, with more productions upcoming.
www.lionsgate.com

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