In 2007 lionsgate continued its geographical

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reporting complexities and overhead it has. In 2007, Lionsgate continued its geographical expansion and expanded into Australia and New Zealand by purchasing 12.58% common shares of Magna Pacific Holdings, the largest independent DVD distributor in the region. Magna Pacific has a library of approximately 1,700 active titles, which would be accessible by Lionsgate. 93 In September 2007, Lionsgate purchased all of the membership interests of Mandate Pictures. Mandate is a worldwide independent film producer, financier, and distributor of films. Mandate has produced notable titles such as Juno and The Grudge franchise. 94 Once again, Lionsgate continued to make acquisitions that not only gives it a team of experienced producers and managers, but also adds great value to its library of films and television programming. Lionsgate once again turned to expanding and growing its business in 2008. In 2008, Lionsgate began to participate in two separate joint ventures. The first one was a joint venture with Eros International Ltd. Eros International is a leading Indian film entertainment studio with a global distribution network. Through this partnership, the company also acquired North American home distribution rights of 20 titles from Eros International. By partnering with Eros International, Lionsgate is able to distribute its original and other English language content in original as well as dubbed language versions within South Asia, including India, across all distribution formats such as cinemas, home entertainment, television, and new media. 95 With this joint venture, Lionsgate has now entered the Asian market, which has a huge growing population with a lot of interest in English motion pictures.
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Lions Gate Entertainment Another joint venture Lionsgate participated in 2008 was EPIX. EPIX is a joint venture between Lionsgate Entertainment and Viacom Inc., Viacom’s Paramount Pictures unit, and Metro- Goldwyn-Mayer Studios Inc. EPIX is a premium television channel and video-on-demand service. With EPIX, Lionsgate has added another distribution channel to the company. 96 In 2009, Lionsgate made an important acquisition. Lionsgate purchased all of the issued and outstanding equity interests of TV Guide Network for $241.6 million. This purchase also included with it TV Guide Network On Demand and TV Guide Online. TV Guide Network is one of the 30 most widely distributed general entertainment cable networks in the United States. 97 By adding this channel to the company, Lionsgate once again expanded its market reach in the television programming segment. In 2010, Lionsgate participated in another two joint ventures. The first one is Tiger Gate Entertainment Ltd. Tiger Gate is a joint venture between Lionsgate and Saban Capital Group, Inc. It is an operator of pay television channels and a distributor of television programming, and actions and horror films across Asia. 98 By continuing its expansion into Asia, Lionsgate is making more profit and adding value to the company for its shareholders. The second joint venture Lionsgate participated in is Pantelion Films. Pantelion is a joint venture with Grupo
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