Globalgate Entertainment, aligned with Lionsgate (NYSE; LGF), a premier next generation global content leader and Globalgate’s other best-in-class Consortium Partners, is capitalizing on the growing market for local-language content worldwide.
As Hollywood studios reduce film output and increasingly rely on high-budget, so-called “tent-pole” films to which they retain worldwide distribution rights, content-deprived independent, international distributors are increasingly focused on local-language films produced for mainstream audiences. International audiences are responding with local-language films now commandeering the weekly “top-10” film charts in key territories.
Annually, the theatrical market share of local-language films has reached or exceeded 90% in India, 60% in Japan, 55% in China, Turkey and Korea, 40% in France, 30% in Denmark and 25% in Germany, Italy and Poland.
In search of mass-appeal, intellectual properties, often scarce within international territories, local producers and filmmakers are increasingly drawn to properties sourced globally and now uniquely accessed through Globalgate.
Globalgate sources and curates intellectual properties and remakes, with priority access to its Consortium Partners’ libraries of over 20,000 titles, as well as properties sourced worldwide from publishers, literary agencies, production companies and third-party rights holders. With its Consortium Partners and other local partners, Globalgate co-finances resulting mainstream, wide release local-language films in key international territories.