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Tyler Perry's longtime studio partner Lionsgate has chosen not to renew Perry's deal.
According to Deadline:
"Tyler Perry's longtime and lucrative first-look deal with Lionsgate is not being renewed, though there are still several projects in the pipeline at the studio beyond his upcoming release "Single Mom's Club," which is due out March 14. That means the impact of this split won't be felt for some time. We're even hearing there could be more Madea films for Lionsgate –his last Lionsgate pic was Tyler Perry's A Madea Christmas, which grossed $52.5M when it came out in December.
The decision was mutual between the studio and Perry's 34th Street Production, a source close to the situation says, based on a variety of matters such as international distribution and marketing."
Source: bossip.com
