Lionsgate, American Greetings Properties Expand Home Entertainment Distribution Deal for New Care Bears Series
Lionsgate (NYSE: LGF), a leading global diversified entertainment company, and American Greetings Properties (AGP), the intellectual property and outbound licensing division of American Greetings Corporation (NYSE: AM), today announced a home entertainment distribution agreement for the new CGI Animated TV series "Care Bears: Welcome to Care-a-Lot." The agreement gives Lionsgate packaged and digital rights in both the U.S. and UK to all 26 episodes of the series, which debuted on The Hub in 2012. In addition, the two companies are extending their existing contract, with Lionsgate retaining its rights to the two previous Care Bears television series and five Care Bears movies.
Under the new agreement, Lionsgate will also distribute three additional American Greetings properties in the U.S. through packaged and digital media. The three series—the WETA produced show "The WotWots," "The Twisted Whiskers Show" and "Maryoku Yummy." Finally, Lionsgate will acquire U.S. digital rights to three seasons of the classic Strawberry Shortcake series.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.