Source: The Hollywood Reporter
Lionsgate has not renewed its deal with Tyler Perry, who has been associated with the studio since the release of 2005’sDiary of a Mad Black Woman, which Perry wrote, produced and starred in as his popular Madea character. The first-look agreement with Tyler and his 34th Street Films was last renewed in March, 2011 but concluded at the end of 2013.
Additionally, the prolific writer, director, producer and actor is closing the Los Angeles office of 34th Street and consolidating its operations at his Atlanta, Georgia, headquarters. Some loss of jobs is expected, althoughMatt Moore, executive vp of 34th Street is staying on, according to sources.
Despite the loss of the first-look deal, which was first signed in 2008, and his new “free agent” status, Perry isn’t cutting ties with Lionsgate just yet. The company is releasing The Single Moms Club, written and directed by Perry, on March 14. There also may be a few more Madea movies that are already in the development pipeline.
Sources say the parting was a mutual affair after common ground failed to be found. Both Lionsgate and Perry have evolved considerably since first signing that deal.
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