Lionsgate has entered into a first-look deal with Vertigo Entertainment, the producers behind the It franchise and The Lego Movie.
The pact covers all media outside TV and covers film, stage, location-based entertainment, podcasts that are not earmarked for TV adaptations, and video games.
The move comes as Lionsgate motion picture group chairman Joe Drake has focused the studio’s content strategy in key genres since returning to the studio in 2018.
The companies are currently collaborating on the film Cobweb, which is they said would start production “soon”.
Prior collaborations include The Eye, Abduction, and Blair Witch. Lee teamed with Drake and motion picture group president Nathan Kahane in their previous capacities as producers on the Grudge franchise and The Strangers, among others.
Vertigo’s team comprises Roy Lee and Miri Yoon, vice-president Andrew Childs, director of development Aengus McLoone, and Robin Jones in charge of TV.
Drake praised Lee as an old friend and a major genre producer adapt at “bringing together filmmakers with distinct voices to the biggest titles and raising genre titles to event status”.
Vertigo’s TV with Sony Pictures Television remains unaffected.