The acquisition includes the rights held by Modern to leading titles
from Vestron, Dino DeLaurentiis and other libraries within the Modern
Entertainment family, including Conan the Barbarian, Halloween
2 and 3, And God Created Woman, Amityville 2, Eight Million Ways
to Die, Hercules in New York and Earth Girls are Easy,
states an official release.
"This is an accretive, strategic acquisition that meets all
of our transactional criteria and reflects our commitment to continue
growing our library base as a source of stable, reliable cash flow,"
said Lions Gate Entertainment president Steve Beeks. "The Modern
Entertainment library contains a broad range of quality content
and brings valuable long-term VOD and TV rights that are consistent
with our ongoing strategy of transitioning our core asset into a
library of the future."