The administration deal covers Lionsgate’s musical compositions and scores.
Under the administration agreement, UMPG will also administer Lionsgate’s music rights, including licensing, revenue collection and accounting.
Additionally, the companies will work together to create in-house opportunities by leveraging UMPG’s global roster of songwriters and expansive catalog of songs for creative use in Lionsgate’s portfolio of film, television and digital content.
Lionsgate is in control of a 16,000-title film and television library, with recent TV hits including Orange Is The New Black (pictured), Nashville, Dear White People and Kevin Hart: What The Fit.
“We also look forward to tapping into UMPG’s impressive music and songwriter pool, and connecting it with Lionsgate’s world-class content to create innovative projects together.”
Marc Cimino, COO of UMPG: “At UMPG, we pride ourselves on our partnerships and providing the best service in the industry.
“As an innovator across film, television and digital mediums, Lionsgate has been a long sought-after partner for us and we are thrilled to be in business together.”
Both UMG and Lionsgate are headquartered in Santa Monica, Los Angeles.
In FY 2017 (ending March 2018), Lionsgate turned over $4.13 billion.