The company will use the money -- which could rise to $150 million -- to expand its production efforts
Lionsgate's sports drama starring Kevin Costner is now considered appropriate for ages 13 and up
Ivan Reitman directs the Summit Entertainment movie, which co-stars Jennifer Garner, Denis Leary and Sean Combs
Lionsgate also slots the biopic "Cesar Chavez," starring Michael Pena, for March of that year
Ivan Reitman is directing Summit's NFL-themed movie, which co-stars Jennifer Garner
Who made moves on TheWrap's PowerGrid this week?
Ivan Reitman is directing the Summit movie
Kevin Costner is being recruited for Paramount Pictures’ football comedy, “Draft Day,” about an NFL executive on the hunt for top talent