Lionsgate was founded by investor Frank Giustra, who hoped to take advantage of the vigorous film industry in Vancouver. He started operations in 1995.
In the first few years of its existence, Lionsgate acquired a number of other film companies and formed several more. Chief among these were Mandalay Pictures (formed with producer Peter Guber) and International Movie Group (purchased in bankruptcy).
Lionsgate's first release was a film called "Heavy," starring Liv Tyler and Pruitt Taylor Vince. It was released in June of 1996.
Many Lionsgate films focus on horrific or controversial subjects, including its first big success, "American Psycho" (2000) and the popular series of "Saw" movies.
In addition to its more prurient titles, Lionsgate has evinced a commitment to original and thought-provoking films. They include 1998's "Affliction" and "Gods and Monsters" (both of which won Oscars), and Michael Moore's "Fahrenheit 9/11" (which remains Lionsgate's biggest hit as of summer 2009).