The Onion Signs Movie Deal

The deal runs through 2018.

Univision’s The Onion has signed a three-film development deal with Lionsgate.

According to The Hollywood Reporter, The Onion’s Onion Studios will partner with the production company Serious Business to create the films.

“We’ve plotted our takeover of the film industry for some time,” said Kyle Ryan, vice president of Onion Studios, in a statement. “With the help of Serious Business and Lionsgate, we’ll make room on our award shelf for some Oscars. To the basement you go, Pulitzers.”