Cannes Film Festival 2013

Lionsgate pays $50 million for Matthew Vaughn's 'Kick-Ass'

Commits to a 3500 screen release for the indie superhero film

<p>Chloe Moretz is thismuch closer to superstardom with the news that 'Kick-Ass' has found a distributor</p>

Chloe Moretz is thismuch closer to superstardom with the news that 'Kick-Ass' has found a distributor

Credit: Marv Films/Lionsgate

I've seen a number of reactions to the news that Lionsgate has signed on distribute Matthew Vaughn's "Kick-Ass," and I'm curious to see how this plays out.

I'll confess that part of me was a little disappointed at first that it's at Lionsgate instead of Universal or Warner Bros., who were both also heavily in the running, but then I started thinking about it.

Lionsgate has something to prove with the film.  I mean, they spent $50 million to pick it up.  That would be a ton of money for a major studio, but for Lionsgate?   That's pushing all the chips to the center of the table and betting on red.  That's not what you do if you're going to half-ass a release. I'm not sure how much of that $50 million was cash up-front and how much was a guarantee of P&A money, but overall, that's a heck of a price tag, and I think it indicates how serious the studio is.

[more after the jump]

Already I'm seeing bloggers compare this to "Midnight Meat Train," assuming this is going to get dumped, but they're not looking at the other factors.  "Midnight Meat Train" was a movie that got caught in an executive shuffle, a sacrificial lamb.  This, on the other hand, was an acquisition that was bought as part of a bidding war, and it's THE priority for the company next year.  This movie should be a slam dunk home run theatrical smash for the right marketing team, and I'd say this is a defining moment for Lionsgate.  They've got marketable stars, they've got more than enough "holy crap!" moments to cut three or four different trailers, and they've got an easy concept with a tagline that's been in place since before they started shooting: "With no power comes no responsibility."  All they have to do is spend right... not necessarily spend big, but spend right, really building a sense of "What the hell is that?!?" in the months leading up to the release, which is aiming for 3500 screens or more.  That's a huge committment on the part of Lionsgate.  I'm not sure, since I can't find the statistics, but that may be their widest release ever.  I've heard that the reason they won out over the bigger studios, even those who were interested, is that Lionsgate is the one distributor that didn't see scared of any element of the film. When you're releasing a movie that's filled with controversial and difficult material like this, you can't act like you're afraid of it, and it sounds to me like Lionsgate is looking forward to this particular challenge.

Man, I hope so.

 

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  • Default-avatar

    bosh bosh

    Lionsgate only picked up Domestic - I'd imagine the big players are still in play for international rights, where you'd expect the film to outpeform the US result by a healthy margin.

    August 17, 2009 at 5:12PM EST Reply to Comment
  • Default-avatar

    SamIam

    Lionsgate. The company that brought us the staggeringly awful "The Spirit" directed by "comic book wunderkind" Frank Miller and based upon a comic book. I don't think this company has a clue about what it is doing concerning this kind of material. I think they've totally screwed up again, hyped up on the SDCC crowd who were also crazy for Miller and "The Spirit". This is the film that is going to sink them for good.

    August 17, 2009 at 5:59PM EST Reply to Comment
  • Default-avatar

    Trama

    It's obvious that Lionsgate wants to be in the superhero business and who could blame them? Saw only has so many years left, and the studio needs a replacement franchise.

    With the failure of The Spirit and The Punisher, this move seems like a double down on that strategy and should work out this time. The problem with The Spirit and The Punisher was the material, and the reaction in Hall H last month erased any doubt about Kick-Ass.

    Now all Lionsgate has to do is release it in March, a proven month for this type of film, and they should be good to go.

    August 17, 2009 at 7:34PM EST Reply to Comment
  • Dante01

    warblecroaker

    Comiccon did not like the Spirit. Im really curius to see how well this one fares, probably better than Watchmen. Looks like Vaughn has put Cage to his best use ever here, just that will be worth the ticket. Just like Waits playing the devil...

    August 17, 2009 at 7:37PM EST Reply to Comment
  • Dante01

    warblecroaker

    Trama, the Spirit's problem was not the material, it was the tone, the complete lack of cohesion and storytelling. It was Miller trying to make it hardboiled as he does everything, and completely messing up the spirit of the Spirit. Brad Bird was trying to make a Spirit film, i bet he would have made it into something fantastic, like the Incredibles meets Chinatown. They should let the stink wash away and pay Bird whatever he wants to remake it.

    August 17, 2009 at 7:47PM EST Reply to Comment
  • Default-avatar

    Kyle

    How the hell does The Spirit sucking have anything to do with Kick-Ass. If anything it just shows that Lionsgate will take chances that other studios won't. I mean , if I ran a studio, a comic book movie directed by Frank Miller wouldn't sound so bad, if only Miller knew how to make movies. Haha!!! I trust Matthew Vaughn though, Stardudt was pretty good and Layer Cake is freakin' awsome!

    August 17, 2009 at 7:56PM EST Reply to Comment
  • Default-avatar

    Trama

    @warblecroaker: I agree. I didn't mean The Spirit wasn't good material to start with, I love the comic. It was just the final product as marketed was not connecting, thus the poor theatrical run.

    @Kyle: The failure of both The Spirit and The Punisher to open put Lionsgate in a position to go big with acquiring Kick-Ass. The reaction at Comic Con probably sealed it, but had one
    of those created a franchise, they may have not been so aggressive. It was just a business observation. I'm also a huge Vaughn fan and can't wait.

    August 17, 2009 at 10:48PM EST Reply to Comment
  • Default-avatar

    Trama

    Also Warblecroaker, wouldn't you rather see Bird tackle Superman over The Spirit?

    August 17, 2009 at 11:05PM EST Reply to Comment
  • Default-avatar

    Kyle

    Yea Trama, I agree with the whole business aspect, I was just saying that just because a studio releases a crappy movie(The Spirit) does not mean it's a bad studio to aquire the rights. If anything it's like you said, because of all their flops, I think they really wanted to nab this good one(Kick-Ass).

    August 17, 2009 at 11:24PM EST Reply to Comment
    • Default-avatar

      SamIam My point is that Lionsgate has no clue to what is good or bad with a film. They didn't acquire THE SPIRIT they produced it! They saw the script. Approved it and the storyboards. Approved the tone of the film. Watched the dailies. They knew they had a turd. So they bought into Miller's rep despite whatever good sense for film they may or may not have. Bad sign for making decisions on this kind of material.

      Making the SDCC crowd scream doesn't mean much to me. I've been going to SDCC since 85 (and produced comic conventions back in Texas before that). You're preaching to the choir at SDCC and I don't believe that necessarily translates into mainstream box office success concerning something as esoteric as this. I can't imagine the comic book sells more than ten or twenty thousand copies an issue (and that's a generous stretch on my part). I don't believe anyone but hard core comic book fans (such that buy the KICK ASS comic books) are going to get excited about it. I think the rest of the mainstream audiences are going to laugh at and ridicule it as being ridiculous. Lionsgate could be buying into the same sort of hype that surrounded Miller. My Spidey-sense was raised when I heard how the film's tone switches back and forth from gritty serious to comic book satirical. From my experiences in Hollywood Lionsgate's purchase of this film is more a dick-waving gesture to say they can throw that kind of dough around. It's a chance to say, "Hey, we're still here, damn it!" Bravado to toss out in regards to other deals they have going or are trying to conclude.

      Well, we'll see.

      August 17, 2009 at 11:52PM EST
  • Default-avatar

    Kyle

    Ummm, ok. I think your wrong Trama, even though the comic book isn't very popular, I'll bet you that the movie is a big hit. I don't think Lionsgate buying the film for $50 million is dick swingin'. I actually think it could be their next big franchise after the Saw films since I believe the film was made relatively cheap and Vaugn wants to make sequels.

    August 18, 2009 at 1:52AM EST Reply to Comment
    • Default-avatar

      SamIam http://www.deadlinehollywooddaily.com/why-is-lionsgates-joe-drake-selling-his-shares/

      Go check out Nikki Finke's column on Lionsgate. Look at this statement:

      "But what was clear from the latest earnings statement is that Jon Feltheimer, himself a former TV exec, has turned Lionsgate into much more of a small screen company than a big screen play."

      Ouch! There's your dick-swinging reason to throw out 50 mil on KICK ASS and beat the competition. Guys, I've been out here watching this kind of play go down for a long time. This action beefs up their clout across the board and especially as a Hollywood player. But as I said, I don't believe that KICK ASS has the stuff to move beyond its geek audience. The only upside is it didn't cost as much as WATCHMEN.

      August 18, 2009 at 2:50AM EST
  • Dante01

    warblecroaker

    I think Kickass will be a big to medium hit. Its got action, whakyness, it looks fresh and well steered.
    And I'd see Bird do anything at all, even Superman. That just seems really difficult to make into an interesting film, unlike the Spirit, which it took a true burnt-out klutz to mess up.

    August 18, 2009 at 5:41AM EST Reply to Comment
  • Default-avatar

    samaritan

    Thanks a lot buddy!!!

    August 18, 2009 at 3:47PM EST Reply to Comment
  • Default-avatar

    Trama

    How many Kyle's and Trama's are on this board now? We gotta sort ourselves out people.

    I just wanted to make one last clarification on my post, which is that I don't know how much Kick Ass will do. I could see it going either way.

    No matter what it does in the theater, Lionsgate should have no problem recouping $50 million between all the distribution platforms over the year.

    August 18, 2009 at 4:15PM EST Reply to Comment

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