Lionsgate and Universal Music Group Sign Multi-Year TV Deal

Universal Music Group and Lionsgate have signed a multiyear first-look television deal, according to Variety. This deal will have the companies developing original scripted and unscripted television projects drawn from UMG's portfolio of labels, artists and music.

The agreement will see Lionsgate and UMG's film and television production and development division, Polygram Entertainment, working together "to combine the artistry, stories and recordings from the music company's legendary labels including Capitol, Def Jam, Interscope, Island, Republic, Universal Music Nashville, Universal Music Latin Entertainment, Verve, Motown and Blue Note" to produce premium programming. UMG will also produce soundtrack albums associated with projects created under the agreement.

Executive VP of UMG Michele Anthony stated, "We're excited to partner with Lionsgate, one of the premiere entertainment companies in the world, to create an unmatched opportunity for our artists and labels and the stories they inspire, as well as draw from the goldmine of genres, time periods and legendary figures represented by our rich and storied catalog. Polygram has quickly become a home for Hollywood's brightest creators and this partnership is a significant step in our television and audiovisual strategy, as well as our evolution as a global media company."

"We're thrilled to expand our relationship with Universal Music Group, one of the world's most innovative music companies and home to some of the greatest musical talent and recordings in existence," said Kevin Beggs, Lionsgate Television Group chairman. "With Polygram, UMG has produced award-winning films and we can't wait to see what we can accomplish together in television. We see so much opportunity for storytelling in the talent and properties that UMG represents, and we look forward to working together to bring these incredible stories to life in a way that resonates with a global audience."

Read the original article on Variety.