Lionsgate announced today that the studio has entered into a first-look deal with Vertigo Entertainment, the production company behind such hits as the It franchise and The LEGO Movie, among many others, to cover all media outside of television.
The announcement was made today by Joe Drake, chairman, Lionsgate Motion Picture Group and Nathan Kahane, president of Lionsgate’s Motion Picture Group.
The new pact includes motion pictures, stage, location-based entertainment, podcasts (except those intended to be developed for television series), and video games.
With this wide-ranging deal, Vertigo becomes a prime provider to the studio’s slate. Vertigo’s television deal remains in place with Sony Pictures Television.
Vertigo’s team consists of the producers Roy Lee and Miri Yoon, vice-president Andrew Childs, director of development Aengus McLoone with Robin Jones running the television side.
Vertigo and Lionsgate are currently collaborating on the upcoming film Cobweb, soon to enter production, after previously teaming on the films The Eye, Abduction, and Blair Witch.
Lee previously teamed with Drake and Kahane in their previous capacities as producers of the hit Grudge franchise and The Strangers, among other films.
Since returning to the Lionsgate Motion Picture Group in 2018, Drake has focused the studio’s content strategy in key genres that are natural extensions into Vertigo’s key strengths as producers.
“Roy was one of our first friends in this business – ever since Nathan and Roy served as assistants together over 25 years ago,” said Drake.
“He’s now one of the most respected producers of big, branded IP and genre movies – bringing together filmmakers with distinct voices to the biggest titles and raising genre titles to event status. We’re thrilled to have him as a member of the extended Lionsgate team.”
“I’m grateful to be reuniting with Joe and Nathan,” said Lee.
“This was an exciting opportunity not just because we get to work in every aspect of entertainment, but to do it with people I’ve admired and respected my whole career. I’m a big believer in everything Joe is doing to create a new Lionsgate and it’s exciting to be a part of it.”
Vertigo Entertainment has produced over 50 films and television shows over the past two decades that have included culturally impactful films as The Ring, The Departed, The Strangers, The LEGO Movie, and Stephen King’s It. Vertigo’s television side has produced Bates Motel, The Exorcist, The Stand, and Covenant.
Vertigo’s upcoming films include Don’t Worry Darling, starring Chris Pine, Harry Styles, and Florence Pugh starring for director Olivia Wilde; and several projects with Ryan Reynolds set up at Netflix.