Analysis of Lionsgate’s Acquisition of “Power Ballad”

After acquiring the John Carney directed musical comedy Power Ballad, Lionsgate is set to release the film in the U.S., Canada, the U.K., and Ireland. The movie stars Paul Rudd and Nick Jonas and follows the story of a talented but past-his-prime wedding singer (Rudd) who teams up with a young rockstar (Jonas) to revitalize his own career through the wedding singer’s songwriting prowess. Lionsgate Motion Picture Group Chair Adam Fogelson expressed his excitement about the project, highlighting John Carney’s creative talents, the marketable concept, and the incredible cast involved in the film.

Director’s and Producer’s Statements

John Carney, the director of Power Ballad, expressed his happiness in finding a home for the film that had been close to his heart for so long. Carney, who co-wrote the movie with Peter McDonald, emphasized the importance of musically themed films being watched together in a theatrical setting. He praised Lionsgate for their ability to bring the movie to the world in a way that honors the intended experience. The film is being produced by Anthony Bregman, Peter Cron, Robert Walpole, Rebecca O’Flanagan, and Carney, with a production team that has previously worked on Carney’s film “Flora and Son.”

Financing and Acquisition

The film Power Ballad was financed by 30WEST and Screen Ireland, along with various executive producers. Lionsgate secured the rights to the film through Charlotte Koh and Lauren Bixby. The negotiation process for the acquisition was overseen by Kaycee Holcomb from the studio’s Business Affairs department. Domestic sales representation was handled by 30WEST, WME Independent, and UTA Independent Film Group, while international rights were managed by WME Independent.

Lionsgate’s acquisition of “Power Ballad” represents a strategic move to tap into the musical comedy genre with a talented cast and renowned director. The film’s production team, financing partners, and distribution channels all play a crucial role in bringing this project to life and maximizing its potential for success in the global market.