Lionsgate was founded in 1997 by Frank Giustra as a small film distribution company in Vancouver, British Columbia, Canada. Giustra, a Canadian financier, established the company with the vision of creating an independent studio that could compete with major Hollywood studios while maintaining creative flexibility.
In its early years, Lionsgate focused on acquiring and distributing independent films. The company went public on the Toronto Stock Exchange in 1997 and later listed on the NYSE. Lionsgate acquired Trimark Pictures in 2000 and Artisan Entertainment in 2003, significantly expanding its film library and distribution capabilities. The Artisan acquisition brought the Blair Witch Project franchise and other valuable properties.
In 2003, Lionsgate relocated its headquarters to Santa Monica, California, positioning itself closer to Hollywood's entertainment industry. The company began producing its own films rather than solely distributing acquired content.
Lionsgate's breakout success came with the Saw horror franchise, which launched in 2004 and became one of the most profitable film franchises in history relative to its production budgets. The franchise demonstrated Lionsgate's ability to develop low-budget genre films into major commercial successes.
The company's most significant commercial achievement was The Hunger Games franchise, based on Suzanne Collins' dystopian novels. The first Hunger Games film (2012) grossed approximately $694 million worldwide, and the four-film franchise grossed approximately $2.97 billion globally. The franchise established Lionsgate as a major Hollywood studio capable of producing blockbuster tentpole films.
In 2012, Lionsgate acquired Summit Entertainment for approximately $412 million, adding the Twilight franchise and other properties to its portfolio.
The most transformative acquisition came in December 2016, when Lionsgate acquired Starz Inc. for approximately $4.4 billion. The acquisition added the STARZ premium cable network and its international streaming service (STARZPLAY) to Lionsgate's portfolio, transforming the company from a film studio into a comprehensive entertainment company with a subscription revenue base.
In subsequent years, Lionsgate continued to develop successful franchises including John Wick (2014, starring Keanu Reeves), which became a major action franchise with four films and a spin-off (Ballerina). The company also produced the Knives Out mystery franchise (directed by Rian Johnson) and continued the Hunger Games franchise with a prequel, The Hunger Games: The Ballad of Songbirds and Snakes (2023).
In May 2024, Lionsgate completed the separation of its studio business, creating Lionsgate Studios Corp. as a separately traded public company on NASDAQ under ticker LION. The separation was intended to unlock value by allowing the studio and STARZ businesses to be valued independently. Lionsgate Entertainment retained a majority stake in Lionsgate Studios.
In fiscal year 2024 (ended March 31, 2024), Lionsgate reported strong results, grossing over $1 billion at the global box office and growing its film and television library.