Tyler Perry

According to Deadline (HERE), Lionsgate has decided not to renew their exclusive first look deal with Tyler Perry, a decision which is being called “mutual” between Perry and Lionsgate. And in response, Perry has shut down his Los Angeles production offices and will now “consolidate his operations at his Atlanta-based Tyler Perry Studio.

However, this doesn’t mean the end of Perry's relationship with the studio. He already has several projects in the pipeline, as he always does, such as Single Moms Club, which comes out next month, and, according to Deadline, supposedly even more Madea films are in the works. (OH GOD NO!)

And, needless to say, there’s still Perry’s huge deal with Oprah Winfrey’s OWN Network, so it’s not like he's going away soon.

The decision to end the deal was "based on a variety of matters such as international distribution and marketing," and perhaps another reason could be that Lionsgate, after the massive worldwide success of the Twilight movies and now with The Hunger Games, wants to expand to become a real major studio powerhouse to be considered the equal of Warner Bros or Fox, and making Perry movies doesn’t really fit into their future plans.

And though his films, no doubt, still make money, they don’t make the kind of money that they used to a few years ago, and perhaps Lionsgate saw nothing but diminishing returns with their association with Perry.

Although, keep in mind that nowhere does Lionsgate say that it’s won’t stop distributing his films. Just that, from now on, he’s free to take his projects somewhere else first, and that Lionsgate has no obligation to help make them or release them.

And besides, as I’ve been saying for a while, Perry should finally move on and start distributing his own films himself, and not be so beholden to Lionsgate to distribute his works.

So do you think this is good news, bad news, or good riddance?