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Lionsgate and Saban Capital form joint venture to operate Tiger Gate

Lionsgate, a producer and distributor of motion pictures and television programming, has formed a partnership with private investment firm Saban Capital Group to operate and manage Tiger Gate, an operator of pay TV channels and a distributor of TV programming and action and horror films across Asia.

Financial terms of the transaction were not disclosed.

Established by Lionsgate in partnership with William Pfeiffer and Paul Presburger in 2008, Tiger Gate currently operates the thriller/horror channel Thrill and the action channel KIX.

The channels, which launched in Indonesia in August 2009, will launch in Hong Kong and Singapore on 28 April.

Going forward, the Lionsgate/SCG joint venture will focus on expanding and strengthening Tiger Gate’s presence in Asia, as the two channels continue to rollout to other major markets in Asia.

In addition to Indonesia, Hong Kong and Singapore, Tiger Gate also plans to expand their offerings to Thailand, Vietnam, the Philippines, Malaysia and Brunei in the coming year. Plans for China, India, Taiwan, Korea, Japan and the Middle East are also being discussed for the near future.

The partners intend to leverage Tiger Gate as a platform to expand throughout Asia by launching additional channels and acquiring existing media assets in the region.

"We welcome Saban Capital Group as a partner and look forward to the talent and expertise their team will provide as we expand Tiger Gate into the world’s largest and fastest-growing market. They have an accomplished track record of success in the entertainment space," says Lionsgate co-chairman and chief executive officer Jon Feltheimer. "We are doing what we do best – focusing on large niches that play to our strengths. We are very excited to bring the Lionsgate brand to Asia."

"We are thrilled to join Lionsgate in this attractive investment that will allow SCG to expand our global footprint and capitalize on high growth opportunities in the Asian market," adds Saban Capital Group president and chief operating officer Adam Chesnoff. "Lionsgate’s vast portfolio of branded content, strong marketing skills and experienced leadership make them an ideal partner for this venture. Due to William Pfeiffer and Paul Presburger’s strong leadership, Tiger Gate is off to a strong start, and we are confident that, with the addition of Lionsgate’s content and marketing and our operational experience and financial strength, this venture will achieve sustainable, long-term success."

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