Starbucks in movie deal with Lions Gate
SEATTLE – Starbucks Corp. on Thursday said it has partnered with film studio Lions Gate Entertainment Corp. to jointly market and distribute the upcoming film “Akeelah and the Bee.”The agreement marks the first film deal for Starbucks, which has been percolating the entertainment industry by distributing music at its more than 5,000 coffee shops nationwide.The company plans to host movie screenings and in-store promotions leading up to “Akeelah’s” April 28 release date. It will begin selling the movie’s soundtrack on April 4 and will carry the DVD when it is available later in the year.Terms of the agreement were not disclosed.Starbucks shares fell 16 cents to close at $30.96 and Lions Gate rose 16 cents, or 1.9 percent, to close at $8.70 on the Nasdaq Stock Market.Vail, Colorado
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