SGF to Invest $14 million in Lions Gate Animation Partner CineGroupe16 Jul, 2001 By: Hive News
SGF Tech will invest $14 million in equity capital in CineGroupe, the animationpartner of Lions Gate Entertainment.
The partnership is designed to boost CineGroupe's production of children's and family entertainment. This investment will also allow CineGroupe to continue to integrate the traditional and digital technologies, including 3D animation and interactive digital products, into its productions.
The partners believe SGF's investment enhancesCineGroupe's revenue potential and creates growthopportunity for CineGroupe's shared business with Lions Gate. The partnership also advances CineGroupe's and Lions Gate's overallbusiness plan to create and distribute entertainment programming to all media.
Headquartered in Montreal, with an office in Los Angeles, CineGroupe currently has five animation series in production or pre-production. Its programming is seen on networks in 125 countries.