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Lions Gate Entertainment Corp. (LGF - Analyst Report) has acquired the digital distribution rights of this year’s sleeper hit God's Not Dead. The company’s agreement with Pure Flix Entertainment, maker of this evangelist drama, hands it the right to distribute the movie through EST (electronic sell through), VOD (video on demand), SVOD (subscription video on demand) Pay-Per-View and television across the U.S.

The movie will be available simultaneously on Digital HD, VOD and Pay-Per-View along with its Blu-ray and DVD release on Aug 5, 2014.

God’s Not Dead, which stars Kevin Sorbo, Shane Harper and Dean Cain, deals with the ideological differences between a student and his atheist professor over the existence of God. The religious drama was a surprise spring hit raking in $60 million at the domestic box office.

With an ever increasing faith-based community on social and other popular media, religious movies offer lucrative business opportunities. Lions Gate, with its expertise in the digital distribution field and strong presence in the faith-based market, stands to gain substantially by acquiring the home distribution rights.

Religious theme has made a terrific comeback this year with releases like Son of God, Noah and Heaven is For Real. Other highly anticipated movies of this genre include religious/political drama Persecuted scheduled for release on Jul 18. There is also Twenty-First Century Fox, Inc’s. (FOXA - Analyst Report) Exodus: Gods and Kings (Dec 12) starring Christian Bale as Moses. Aptly, 2014 is often touted as “the year of the Bible” in Hollywood.

Lions Gate also has the distribution rights for Mary Mother of Christ. It is a prequel to the controversial 2004 blockbuster Passion of the Christ. This highly anticipated film will hit theaters in Apr 2015.

Lions Gate is fast emerging as a leading player in the media industry which boasts of stalwarts like The Walt Disney Co. (DIS - Analyst Report) and CBS Corp. (CBS - Analyst Report). With franchises like The Hunger Games and the recently released first installment of Divergent, the studio has tasted tremendous success. Lions Gate acquired Summit Entertainment in 2012 that has given it rights for the hugely popular young-adult fantasy themed Twilight series.

The studio is grabbing every possible opportunity to expand its presence and soon might become a recognizable power within the media circle.

Currently, Lions Gate is a Zacks Rank #3 (Hold) stock.

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