New venture with Frank Giustra will be called Sea to Sky Entertainment
Lionsgate is partnering with founder and former chairman Frank Giustra on a new television partnership called Sea to Sky Entertainment, an individual with knowledge of the deal confirmed to TheWrap.
The partnership will be split evenly and will be managed jointly by the studio and Giustra's production and financing company Thunderbird Films.
The partners plan to produce between six to 10 scripted shows a year for broadcast and cable. Among the projects that are being developed are shows from "Mystic River" novelist Dennis Lehane and "The War Room" documentary filmmaker R.J. Cutler.
Giustra founded Lionsgate in 1997 and helped establish the company with a series of hits such as "American Psycho" and "Gods and Monsters." He stepped down as chairman in 2000. Although he sold most of his stake in the studio, he remains a member of its board of directors.
Lionsgate has had success on the small screen in recent years, producing such Emmy-winning shows as "Mad Men" and "Nurse Jackie."
The Hollywood Reporter first reported the partnership.