Lionsgate Takes Stake in Roadside Attractions

SANTA MONICA, July 26:
Lionsgate has signed an agreement to acquire a minority ownership stake in the
independent theatrical distribution company Roadside Attractions, whose
previous releases include Super Size Me and The Road To Guantanamo.

Details about the size of
the stake and the amount paid were not revealed in the announcement today.
Roadside’s co-presidents, Howard Cohen and Eric d'Arbeloff, said the Lionsgate
investment provides the company “with the resources to get to the next level.
They started in our business, so of course they get it. Lionsgate's investment
will allow Roadside to both continue hitting our "singles and
doubles" such as our releases of Sarah Silverman: Jesus Is Magic and Boynton Beach Club, as well as to hit more home runs like Amazing
Grace."

Having exited the IDP
partnership earlier this year, Roadside has been ramping up its own in-house theatrical
distribution, marketing and publicity staff to release its films. Roadside will
remain an autonomous entity, theatrically releasing 12 to 14 films a year.
Roadside theatrical releases will be distributed through Lionsgate in home
entertainment and all ancillary markets.