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 and streamers’ growth sustained with local film and digital/TV content, content-deprived independent, international production companies and distributors are increasingly focused on local-language films and digital/TV content produced for mainstream audiences. International audiences continue to respond with local-language digital/TV content and 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 property, 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, including books, unproduced screenplays 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 produces and co-finances resulting mainstream, wide release local-language films and digital/TV content in key international territories.