The Onion partners with Lionsgate on 3-movie deal

Stop the presses – The Onion has gone Hollywood, inking a three-movie deal with Lionsgate. While the satirical news brand has ventured into TV and video in the past, this is its first foray into film. Under the deal with Lionsgate, Onion production arm Onion Studios will team up with production company Serious Business (Comedy Central’s @Midnight) develop films through 2018. “With the help of Serious Business and Lionsgate, we’ll make room on our award shelf for some Oscars,” said Onion Studios VP Kyle Ryan in a statement. “To the basement you go, Pulitzers.” Onion parent Onion Inc. has counted Univision as a significant minority investor since last year.

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