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Hollywood’s big business continues. Yesterday we reported that independent film studio A24 was considering a possible sale. Now comes the news that Lionsgate acquired a partial stake in Spyglass Media Group, a production company with a history dating back over twenty years.
Deadline reports that Lionsgate “has acquired the vast majority of Spyglass Media Group’s feature film library of approximately 200 titles and has formed a strategic content partnership.” The deal will give Lionsgate an overall 20% stake in Spyglass. Lionsgate CEO Jon Feltheimer had this to say about the deal:
“This agreement continues to grow our valuable intellectual property portfolio while partnering with Gary Barber, one of the industry’s leading entrepreneurs and content creators. This is a win / win deal that creates significant added value for both companies while continuing to add to our global content distribution platform at a time when demand for premium content is greater than ever. .
How this deal could affect your favorite genre film franchises
Quentin Tarantino is one of those filmmakers who inspires such brand loyalty among moviegoers that you could almost say he’s a franchise in its own right. Three of his films, Inglorious Basterds, Django Unchained, and The Hateful Eight, are listed among the titles acquired by Lionsgate. Deadline also notes that Spyglass’ main strengths include Hulu Hellraiser remake and coming Scream restart / continued.
In addition to award-winning films like Fruitvale Station, The King’s Speech, Silver Linings Playbook, and The butler, there are also a good number of other legitimate franchise movies that will be entering Lionsgate’s library along with Tarantino’s such as Scream 4, Scary Movie 5, Spy Kids 4, and Paddington. It is conceivable that this agreement between Lionsgate and Spyglass will affect the streaming availability of these films in the future. They could all end up on the same service, and if you don’t have that service or don’t have copies of the movies yourself, you might need to start another new streaming subscription.
That’s the downside to streaming: it has scattered our favorite movies across all platforms, so there’s really no one-stop-shop solution unless you’re still invested in physical media. Even then, you might have to deal with movies that don’t have a home media release.
Personally, I’m still waiting for the release of Netflix Irish on sale digitally so I can add it to my iTunes collection of Scorsese movies. That might never happen, and as far as I know, some of my previous iTunes purchases might suddenly disappear from the old library cloud one day like fading dreams. In the past, fears have circulated that this scenario could indeed happen to users, because when you buy a movie from iTunes, you are technically only buying the license to watch it as long as Apple owns the distribution rights.
Lionsgate’s Spyglass library of titles won’t necessarily land on Apple TV +, but the prospect of seeing it used as an asset in the streaming war isn’t exactly exciting.
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